Q2 2024 EPS Estimates for Canadian National Railway (NYSE:CNI) Lifted by Analyst

Canadian National Railway (NYSE:CNI) (TSE:CNR) – Stock analysts at Atb Cap Markets upped their Q2 2024 earnings estimates for shares of Canadian National Railway in a research note issued to investors on Tuesday, April 23rd. Atb Cap Markets analyst C. Murray now expects that the transportation company will post earnings per share of $1.46 for the quarter, up from their prior estimate of $1.45. The consensus estimate for Canadian National Railway’s current full-year earnings is $5.93 per share. Atb Cap Markets also issued estimates for Canadian National Railway’s Q3 2024 earnings at $1.51 EPS, Q4 2024 earnings at $1.63 EPS, FY2024 earnings at $5.86 EPS, Q1 2025 earnings at $1.36 EPS, Q2 2025 earnings at $1.65 EPS and Q3 2025 earnings at $1.72 EPS.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, January 23rd. The transportation company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. The business had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%.

A number of other research firms also recently commented on CNI. CIBC downgraded shares of Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research report on Wednesday, January 10th. Bank of America raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $140.00 to $145.00 in a research report on Wednesday, April 10th. TD Securities downgraded shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Barclays lifted their price objective on shares of Canadian National Railway from $127.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Finally, Susquehanna lifted their price objective on shares of Canadian National Railway from $140.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday. Eighteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $149.05.

Canadian National Railway Trading Up 0.4 %

NYSE CNI opened at $125.30 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.47 and a current ratio of 0.60. The company has a market capitalization of $80.03 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 2.14 and a beta of 0.88. The company’s 50-day simple moving average is $129.49 and its two-hundred day simple moving average is $122.34. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02.

Institutional Trading of Canadian National Railway

Large investors have recently bought and sold shares of the stock. Bfsg LLC lifted its stake in Canadian National Railway by 110.5% during the 1st quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 105 shares during the period. GAMMA Investing LLC lifted its stake in Canadian National Railway by 766.7% during the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 207 shares during the period. JFS Wealth Advisors LLC lifted its stake in Canadian National Railway by 241.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 229 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Canadian National Railway by 121.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 202 shares during the period. Finally, Rational Advisors LLC acquired a new stake in Canadian National Railway during the 3rd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 2.00%. The ex-dividend date is Friday, June 7th. Canadian National Railway’s dividend payout ratio is presently 39.87%.

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.