Diverse Outlook
Canadian National Railway (TSE:CNR – Free Report) NYSE: CNI – Analysts at National Bank Financial lowered their Q2 2024 earnings per share estimates for shares of Canadian National Railway in a research report issued to clients and investors on Wednesday, April 3rd. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings per share of $1.88 for the quarter, down from their previous estimate of $1.91. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.08 per share.
Canadian National Railway (TSE:CNR – Get Free Report) NYSE: CNI last posted its quarterly earnings results on Tuesday, January 23rd. The company reported C$2.02 EPS for the quarter, topping analysts’ consensus estimates of C$1.96 by C$0.06. The business had revenue of C$4.47 billion during the quarter, compared to analysts’ expectations of C$4.38 billion. Canadian National Railway had a return on equity of 27.11% and a net margin of 33.43%.
Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. boosted their price objective on shares of Canadian National Railway from C$158.00 to C$164.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Sanford C. Bernstein boosted their price objective on shares of Canadian National Railway from C$187.00 to C$191.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. ATB Capital boosted their price objective on shares of Canadian National Railway from C$165.00 to C$180.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 24th. Barclays boosted their price objective on shares of Canadian National Railway from C$170.00 to C$175.00 in a research report on Thursday. Finally, Scotiabank boosted their price objective on shares of Canadian National Railway from C$173.00 to C$184.00 and gave the company a “sector perform” rating in a research report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Canadian National Railway currently has an average rating of “Hold” and a consensus target price of C$182.29.
Read Our Latest Stock Report on CNR
Canadian National Railway Price Performance
Shares of TSE CNR traded up C$0.79 during midday trading on Monday, reaching C$177.09. The company’s stock had a trading volume of 205,186 shares, compared to its average volume of 954,427. The company has a debt-to-equity ratio of 93.89, a quick ratio of 0.58 and a current ratio of 0.61. Canadian National Railway has a fifty-two week low of C$143.13 and a fifty-two week high of C$181.34. The business’s 50 day moving average price is C$174.73 and its two-hundred day moving average price is C$163.10. The company has a market cap of C$113.38 billion, a P/E ratio of 20.64, a P/E/G ratio of 2.06 and a beta of 0.66.
Insider Buying and Selling
In other Canadian National Railway news, Director Shauneen Elizabeth Bruder acquired 488 shares of Canadian National Railway stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average price of C$177.40 per share, with a total value of C$86,571.20. In other Canadian National Railway news, Senior Officer Derek Michael Taylor sold 2,610 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of C$131.26, for a total transaction of C$342,577.38. Also, Director Shauneen Elizabeth Bruder purchased 488 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were purchased at an average cost of C$177.40 per share, for a total transaction of C$86,571.20. 1.67% of the stock is currently owned by insiders.
Canadian National Railway Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were paid a $0.845 dividend. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $3.38 annualized dividend and a dividend yield of 1.91%. Canadian National Railway’s payout ratio is currently 39.58%.
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.
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