National Bank Financial Forecasts TSE:CNR FY2024 Earnings

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Equities research analysts at National Bank Financial cut their FY2024 earnings per share (EPS) estimates for Canadian National Railway in a report released on Monday, January 13th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of $7.20 per share for the year, down from their prior forecast of $7.34. 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 $1.92 EPS, Q1 2025 earnings at $1.75 EPS, Q2 2025 earnings at $1.92 EPS, Q3 2025 earnings at $1.99 EPS, Q4 2025 earnings at $2.27 EPS, FY2025 earnings at $7.93 EPS and FY2026 earnings at $8.89 EPS.

Several other equities analysts also recently commented on the company. Royal Bank of Canada raised Canadian National Railway from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$169.00 to C$179.00 in a research report on Thursday, October 10th. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Citigroup raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Sanford C. Bernstein decreased their target price on Canadian National Railway from C$179.00 to C$173.00 in a research report on Wednesday, October 9th. Finally, UBS Group boosted their price target on Canadian National Railway from C$189.00 to C$190.00 in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$170.73.

Canadian National Railway Price Performance

Canadian National Railway stock opened at C$146.80 on Wednesday. Canadian National Railway has a 12 month low of C$143.18 and a 12 month high of C$181.34. The stock’s 50 day moving average is C$150.19 and its 200-day moving average is C$155.38. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62. The company has a market capitalization of C$92.41 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 3.38 and a beta of 0.65.

Canadian National Railway Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were issued a dividend of $0.845 per share. The ex-dividend date was Monday, December 9th. This represents a $3.38 annualized dividend and a dividend yield of 2.30%. Canadian National Railway’s dividend payout ratio (DPR) is presently 40.14%.

Insider Transactions at Canadian National Railway

In related news, Director David Lund Freeman purchased 1,000 shares of the stock in a transaction dated Thursday, October 24th. The stock was bought at an average cost of C$152.57 per share, for a total transaction of C$152,572.80. Also, Senior Officer Ghislain Houle sold 5,741 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of C$150.82, for a total transaction of C$865,844.99. Over the last ninety days, insiders purchased 6,694 shares of company stock worth $1,005,958. Corporate insiders own 2.64% of the company’s stock.

About Canadian National Railway

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.