National Bank Financial Research Analysts Decrease Earnings Estimates for Canadian National Railway (NYSE:CNI)

Canadian National Railway (NYSE:CNIFree Report) TSE: CNR – Research analysts at National Bank Financial reduced their Q2 2024 earnings per share estimates for Canadian National Railway in a report issued on Wednesday, April 3rd. National Bank Financial analyst C. Doerksen now expects that the transportation company will earn $1.39 per share for the quarter, down from their prior forecast of $1.41. The consensus estimate for Canadian National Railway’s current full-year earnings is $5.96 per share.

CNI has been the subject of several other reports. Susquehanna decreased their price objective on Canadian National Railway from $143.00 to $140.00 and set a “neutral” rating for the company in a report on Thursday, March 28th. Barclays increased their price objective on Canadian National Railway from $127.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday. CIBC downgraded Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a report on Wednesday, January 10th. Jefferies Financial Group initiated coverage on Canadian National Railway in a report on Monday. They set a “hold” rating and a $130.00 price target for the company. Finally, Susquehanna Bancshares increased their price target on Canadian National Railway from $115.00 to $143.00 and gave the stock a “neutral” rating in a report on Monday, January 8th. Eighteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $146.71.

Check Out Our Latest Stock Report on CNI

Canadian National Railway Stock Up 0.6 %

CNI traded up $0.80 on Monday, reaching $130.54. The company’s stock had a trading volume of 532,527 shares, compared to its average volume of 998,232. The company has a market capitalization of $83.59 billion, a price-to-earnings ratio of 20.45, a P/E/G ratio of 2.32 and a beta of 0.88. Canadian National Railway has a fifty-two week low of $103.96 and a fifty-two week high of $134.02. The stock has a 50 day moving average of $129.28 and a two-hundred day moving average of $120.47. The company has a quick ratio of 0.47, a current ratio of 0.61 and a debt-to-equity ratio of 0.80.

Canadian National Railway (NYSE:CNIGet Free Report) TSE: CNR last announced its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. The firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%.

Institutional Investors Weigh In On Canadian National Railway

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ascent Group LLC raised its position in shares of Canadian National Railway by 2.2% during the 3rd quarter. Ascent Group LLC now owns 4,005 shares of the transportation company’s stock valued at $474,000 after acquiring an additional 87 shares in the last quarter. Baird Financial Group Inc. raised its position in shares of Canadian National Railway by 0.3% during the 3rd quarter. Baird Financial Group Inc. now owns 28,401 shares of the transportation company’s stock valued at $3,067,000 after acquiring an additional 88 shares in the last quarter. PDS Planning Inc raised its position in shares of Canadian National Railway by 2.0% during the 4th quarter. PDS Planning Inc now owns 4,566 shares of the transportation company’s stock valued at $574,000 after acquiring an additional 89 shares in the last quarter. SRS Capital Advisors Inc. raised its position in shares of Canadian National Railway by 2.9% during the 2nd quarter. SRS Capital Advisors Inc. now owns 3,123 shares of the transportation company’s stock valued at $378,000 after acquiring an additional 89 shares in the last quarter. Finally, State of Wyoming grew its stake in Canadian National Railway by 11.7% during the 4th quarter. State of Wyoming now owns 867 shares of the transportation company’s stock worth $103,000 after buying an additional 91 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were given a dividend of $0.638 per share. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.58. This represents a $2.55 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Wednesday, March 6th. Canadian National Railway’s dividend payout ratio is currently 39.59%.

About Canadian National Railway

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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.

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Earnings History and Estimates for Canadian National Railway (NYSE:CNI)

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