Brokers Set Expectations for Canadian National Railway’s Q2 2024 Earnings (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Stock analysts at National Bank Financial increased their Q2 2024 EPS estimates for Canadian National Railway in a research note issued to investors on Thursday, June 27th. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings of $1.93 per share for the quarter, up from their prior estimate of $1.87. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Canadian National Railway’s current full-year earnings is $7.79 per share. National Bank Financial also issued estimates for Canadian National Railway’s FY2025 earnings at $9.07 EPS.

Several other equities research analysts have also issued reports on CNR. Raymond James boosted their price target on shares of Canadian National Railway from C$185.00 to C$190.00 and gave the company an “outperform” rating in a report on Monday, April 22nd. BMO Capital Markets dropped their price target on shares of Canadian National Railway from C$195.00 to C$188.00 and set an “outperform” rating for the company in a research report on Wednesday, June 19th. UBS Group decreased their price objective on Canadian National Railway from C$205.00 to C$202.00 in a report on Wednesday, April 24th. Desjardins increased their target price on Canadian National Railway from C$189.00 to C$195.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Finally, Sanford C. Bernstein boosted their price target on Canadian National Railway from C$191.00 to C$195.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of C$184.00.

Canadian National Railway Trading Up 0.1 %

Canadian National Railway stock opened at C$161.66 on Monday. Canadian National Railway has a 12 month low of C$143.13 and a 12 month high of C$181.34. The stock has a market cap of C$102.85 billion, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 2.06 and a beta of 0.66. The business has a 50 day moving average price of C$169.50 and a two-hundred day moving average price of C$171.13. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 101.48.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported C$1.72 EPS for the quarter, meeting analysts’ consensus estimates of C$1.72. Canadian National Railway had a net margin of 32.86% and a return on equity of 27.06%. The business had revenue of C$4.25 billion during the quarter, compared to analyst estimates of C$4.29 billion.

Canadian National Railway Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were issued a $0.845 dividend. This represents a $3.38 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Friday, June 7th. Canadian National Railway’s dividend payout ratio is 41.22%.

Insider Buying and Selling

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 544 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were bought at an average cost of C$160.21 per share, for a total transaction of C$87,156.42. Corporate insiders own 1.69% 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.