Equities Analysts Offer Predictions for Canadian National Railway’s Q4 2024 Earnings (NYSE:CNI)

Canadian National Railway (NYSE:CNI) (TSE:CNR) – Equities research analysts at National Bank Financial cut their Q4 2024 earnings per share (EPS) estimates for Canadian National Railway in a research report issued to clients and investors on Wednesday, June 26th. National Bank Financial analyst C. Doerksen now forecasts that the transportation company will post earnings per share of $1.71 for the quarter, down from their previous estimate of $1.73. National Bank Financial has a “Outperform” rating on the stock. The consensus estimate for Canadian National Railway’s current full-year earnings is $5.90 per share. National Bank Financial also issued estimates for Canadian National Railway’s FY2025 earnings at $6.62 EPS.

A number of other equities research analysts also recently commented on CNI. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $140.00 to $145.00 in a report on Wednesday, April 10th. StockNews.com downgraded Canadian National Railway from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a report on Wednesday, April 24th. Jefferies Financial Group assumed coverage on Canadian National Railway in a research report on Monday, April 8th. They set a “hold” rating and a $130.00 price target for the company. Finally, Wells Fargo & Company assumed coverage on Canadian National Railway in a research report on Friday, June 7th. They set an “equal weight” rating and a $130.00 price target for the company. Eighteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Canadian National Railway has a consensus rating of “Hold” and a consensus price target of $148.95.

Canadian National Railway Trading Up 0.1 %

Canadian National Railway stock opened at $118.11 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.84. Canadian National Railway has a 52 week low of $103.96 and a 52 week high of $134.02. The company has a market capitalization of $74.94 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 2.07 and a beta of 0.90. The stock has a 50-day moving average price of $123.88 and a 200 day moving average price of $126.16.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, April 23rd. The transportation company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. Canadian National Railway had a return on equity of 23.27% and a net margin of 32.81%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.16 billion.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was Friday, June 7th. Canadian National Railway’s dividend payout ratio (DPR) is presently 39.07%.

Institutional Trading of Canadian National Railway

A number of institutional investors have recently made changes to their positions in CNI. Wells Fargo & Company MN boosted its stake in Canadian National Railway by 61.1% during the fourth quarter. Wells Fargo & Company MN now owns 162,179 shares of the transportation company’s stock worth $20,375,000 after buying an additional 61,498 shares during the last quarter. Royal London Asset Management Ltd. boosted its stake in Canadian National Railway by 1.1% during the fourth quarter. Royal London Asset Management Ltd. now owns 1,602,728 shares of the transportation company’s stock worth $201,351,000 after buying an additional 17,083 shares during the last quarter. YCG LLC boosted its stake in Canadian National Railway by 6.0% during the fourth quarter. YCG LLC now owns 250,085 shares of the transportation company’s stock worth $31,418,000 after buying an additional 14,249 shares during the last quarter. Virtu Financial LLC acquired a new position in Canadian National Railway during the fourth quarter worth $816,000. Finally, TD Asset Management Inc boosted its stake in Canadian National Railway by 2.8% during the fourth quarter. TD Asset Management Inc now owns 11,651,919 shares of the transportation company’s stock worth $1,471,733,000 after buying an additional 314,600 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.