Brokers Set Expectations for Canadian National Railway’s Q4 2024 Earnings (NYSE:CNI)

Canadian National Railway (NYSE:CNI) (TSE:CNR) – Equities researchers at National Bank Financial dropped their Q4 2024 EPS estimates for shares of Canadian National Railway in a note issued to investors on Wednesday, June 26th. National Bank Financial analyst C. Doerksen now forecasts that the transportation company will post earnings of $1.71 per share for the quarter, down from their previous estimate of $1.73. National Bank Financial currently has a “Outperform” rating on the stock. The consensus estimate for Canadian National Railway’s current full-year earnings is $5.90 per share. National Bank Financial also issued estimates for Canadian National Railway’s FY2025 earnings at $6.62 EPS.

A number of other equities research analysts have also weighed in on the stock. Jefferies Financial Group began coverage on shares of Canadian National Railway in a report on Monday, April 8th. They set a “hold” rating and a $130.00 target price on the stock. Barclays boosted their target price on shares of Canadian National Railway from $127.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Bank of America raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $140.00 to $145.00 in a report on Wednesday, April 10th. Stephens reissued an “equal weight” rating and set a $140.00 target price on shares of Canadian National Railway in a report on Wednesday, April 24th. Finally, Benchmark reissued a “hold” rating on shares of Canadian National Railway in a report on Wednesday, April 24th. Eighteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $148.95.

Canadian National Railway Trading Down 0.2 %

Shares of Canadian National Railway stock opened at $118.01 on Friday. Canadian National Railway has a 1 year low of $103.96 and a 1 year high of $134.02. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $74.88 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 2.07 and a beta of 0.90. The firm’s 50 day moving average is $124.26 and its 200 day moving average is $126.22.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.01. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.16 billion. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a dividend of $0.625 per share. The ex-dividend date is Friday, June 7th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.12%. Canadian National Railway’s payout ratio is presently 39.08%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bfsg LLC lifted its position in shares of 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 position in shares of 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. Keener Financial Planning LLC bought a new stake in Canadian National Railway during the 4th quarter valued at $46,000. Rational Advisors LLC bought a new stake in Canadian National Railway during the 1st quarter valued at $49,000. Finally, Knuff & Co LLC bought a new stake in Canadian National Railway during the 4th quarter valued at $50,000. Institutional investors and hedge funds 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.