Q4 2024 EPS Estimates for Canadian National Railway (NYSE:CNI) Reduced by National Bank Financial

Canadian National Railway (NYSE:CNI) (TSE:CNR) – Stock analysts at National Bank Financial dropped their Q4 2024 earnings per share (EPS) estimates for Canadian National Railway in a research note issued on Tuesday, April 23rd. National Bank Financial analyst C. Doerksen now anticipates that the transportation company will earn $1.73 per share for the quarter, down from their previous forecast of $1.80. The consensus estimate for Canadian National Railway’s current full-year earnings is $5.93 per share.

Other equities research analysts have also issued research reports about the stock. Stephens restated an “equal weight” rating and issued a $140.00 price target on shares of Canadian National Railway in a report on Wednesday. CIBC cut Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research report on Wednesday, January 10th. TD Securities lowered Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Susquehanna upped their price objective on Canadian National Railway from $140.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Jefferies Financial Group initiated coverage on Canadian National Railway in a research note on Monday, April 8th. They issued a “hold” rating and a $130.00 target price on the stock. Eighteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Canadian National Railway presently has an average rating of “Hold” and a consensus target price of $149.05.

Canadian National Railway Stock Up 0.4 %

NYSE:CNI opened at $125.30 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.60 and a quick ratio of 0.47. The firm has a market cap of $80.03 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 2.14 and a beta of 0.88. The company has a 50-day moving average of $129.49 and a 200 day moving average of $122.34. Canadian National Railway has a 1-year low of $103.96 and a 1-year high of $134.02.

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

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 of this dividend is Friday, June 7th. Canadian National Railway’s dividend payout ratio is presently 39.87%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. PDS Planning Inc grew its holdings in shares of Canadian National Railway by 2.0% during the fourth quarter. PDS Planning Inc now owns 4,566 shares of the transportation company’s stock valued at $574,000 after buying an additional 89 shares during the last quarter. Tacita Capital Inc grew its stake in Canadian National Railway by 0.4% during the 3rd quarter. Tacita Capital Inc now owns 27,356 shares of the transportation company’s stock valued at $2,972,000 after purchasing an additional 97 shares during the last quarter. Bfsg LLC increased its holdings in shares of Canadian National Railway by 110.5% in the first quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 105 shares during the period. Signaturefd LLC raised its stake in shares of Canadian National Railway by 1.0% in the third quarter. Signaturefd LLC now owns 10,739 shares of the transportation company’s stock worth $1,163,000 after purchasing an additional 110 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC increased its holdings in Canadian National Railway by 1.1% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 10,496 shares of the transportation company’s stock worth $1,137,000 after buying an additional 111 shares during the period. Hedge funds and other institutional investors own 80.74% 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.