TSE:CNR FY2024 EPS Forecast Cut by National Bank Financial

Canadian National Railway (TSE:CNR) (NYSE:CNI) – National Bank Financial lowered their FY2024 earnings per share (EPS) estimates for Canadian National Railway in a research report issued on Tuesday, October 22nd. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings of $7.46 per share for the year, down from their previous forecast of $7.51. National Bank Financial has a “Strong-Buy” rating on the stock. 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 $2.18 EPS and FY2025 earnings at $8.48 EPS.

CNR has been the subject of a number of other research reports. National Bankshares lowered their target price on Canadian National Railway from C$181.00 to C$178.00 and set an “outperform” rating for the company in a research note on Wednesday. ATB Capital boosted their target price on Canadian National Railway from C$167.00 to C$168.00 in a research note on Wednesday. Sanford C. Bernstein lowered their target price on Canadian National Railway from C$179.00 to C$173.00 in a research note on Wednesday, October 9th. Scotiabank reduced their price target on Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating on the stock in a report on Wednesday, September 11th. Finally, CIBC reduced their price target on Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$171.00.

Canadian National Railway Trading Down 0.0 %

TSE CNR opened at C$155.07 on Thursday. Canadian National Railway has a 1-year low of C$143.16 and a 1-year high of C$181.34. 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 stock has a 50-day moving average of C$157.27 and a 200-day moving average of C$164.33. The firm has a market cap of C$97.62 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. The company had revenue of C$4.33 billion during the quarter, compared to the consensus estimate of C$4.40 billion.

Canadian National Railway Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.845 per share. This represents a $3.38 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s dividend payout ratio is presently 40.14%.

Insider Activity

In other Canadian National Railway news, Director Susan C. Jones acquired 1,230 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were bought at an average cost of C$162.05 per share, with a total value of C$199,324.82. In other news, Director Shauneen Elizabeth Bruder purchased 543 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were acquired at an average cost of C$157.53 per share, with a total value of C$85,539.88. Also, Director Susan C. Jones acquired 1,230 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were bought at an average cost of C$162.05 per share, for a total transaction of C$199,324.82. Over the last quarter, insiders purchased 4,383 shares of company stock valued at $585,772. Corporate insiders own 2.64% of the company’s stock.

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.