FY2024 EPS Estimates for TSE:CNR Reduced by Analyst

Canadian National Railway (TSE:CNR) (NYSE:CNI) – National Bank Financial decreased their FY2024 earnings per share (EPS) estimates for Canadian National Railway in a report released on Tuesday, December 3rd. National Bank Financial analyst C. Doerksen now forecasts that the company will earn $7.34 per share for the year, down from their previous forecast of $7.46. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.26 per share. National Bank Financial also issued estimates for Canadian National Railway’s Q4 2024 earnings at $2.06 EPS, Q1 2025 earnings at $1.78 EPS, Q2 2025 earnings at $1.96 EPS, Q3 2025 earnings at $2.02 EPS, Q4 2025 earnings at $2.33 EPS, FY2025 earnings at $8.08 EPS and FY2026 earnings at $9.06 EPS.

A number of other equities analysts also recently issued reports on CNR. Wells Fargo & Company raised Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 7th. Veritas upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. Citigroup upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Scotiabank reduced their price target on shares of Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. Finally, Barclays cut their price target on Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating for the company in a research note on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Canadian National Railway currently has an average rating of “Moderate Buy” and a consensus target price of C$171.07.

Canadian National Railway Trading Down 1.3 %

Shares of Canadian National Railway stock opened at C$151.37 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62. The firm has a market cap of C$95.29 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. Canadian National Railway has a 52-week low of C$147.35 and a 52-week high of C$181.34. The company’s 50-day simple moving average is C$155.00 and its 200-day simple moving average is C$160.07.

Insider Transactions at Canadian National Railway

In related news, Director Tracy Robinson purchased 3,300 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was purchased at an average price of C$147.99 per share, for a total transaction of C$488,380.20. Also, Senior Officer Ghislain Houle sold 5,741 shares of Canadian National Railway stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of C$150.82, for a total transaction of C$865,844.99. Insiders have bought a total of 7,859 shares of company stock worth $1,202,515 in the last three months. 2.64% of the stock is currently owned by company insiders.

Canadian National Railway Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be given a dividend of $0.845 per share. This represents a $3.38 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s dividend payout ratio (DPR) is presently 40.14%.

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.