Atb Cap Markets Weighs in on Canadian National Railway’s Q4 2024 Earnings (NYSE:CNI)

Canadian National Railway (NYSE:CNI) (TSE:CNR) – Stock analysts at Atb Cap Markets dropped their Q4 2024 earnings estimates for Canadian National Railway in a note issued to investors on Wednesday, September 11th. Atb Cap Markets analyst C. Murray now expects that the transportation company will post earnings of $1.64 per share for the quarter, down from their prior forecast of $1.68. The consensus estimate for Canadian National Railway’s current full-year earnings is $5.58 per share. Atb Cap Markets also issued estimates for Canadian National Railway’s Q1 2025 earnings at $1.38 EPS.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). The business had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.40 billion. Canadian National Railway had a net margin of 32.00% and a return on equity of 23.58%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 earnings per share.

A number of other analysts have also weighed in on CNI. Wells Fargo & Company decreased their target price on shares of Canadian National Railway from $130.00 to $125.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Bank of America decreased their target price on shares of Canadian National Railway from $132.00 to $129.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Susquehanna decreased their target price on shares of Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Stifel Nicolaus decreased their price target on shares of Canadian National Railway from $137.00 to $133.00 and set a “hold” rating on the stock in a report on Wednesday, July 24th. Finally, Barclays decreased their price target on shares of Canadian National Railway from $128.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Sixteen investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Canadian National Railway currently has an average rating of “Hold” and a consensus price target of $137.35.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $120.63 on Monday. The stock has a market capitalization of $76.29 billion, a P/E ratio of 19.24, a PEG ratio of 2.54 and a beta of 0.88. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.93. The firm’s 50 day moving average is $116.27 and its 200 day moving average is $122.43. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02.

Institutional Investors Weigh In On Canadian National Railway

Several institutional investors and hedge funds have recently modified their holdings of CNI. Norges Bank purchased a new stake in shares of Canadian National Railway in the 4th quarter worth about $769,556,000. Capital International Investors lifted its position in shares of Canadian National Railway by 63.2% in the 4th quarter. Capital International Investors now owns 7,623,561 shares of the transportation company’s stock worth $957,845,000 after purchasing an additional 2,951,506 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of Canadian National Railway by 92.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 4,505,860 shares of the transportation company’s stock worth $593,911,000 after purchasing an additional 2,163,820 shares during the period. Wellington Management Group LLP lifted its position in shares of Canadian National Railway by 9.6% in the 4th quarter. Wellington Management Group LLP now owns 21,868,740 shares of the transportation company’s stock worth $2,761,473,000 after purchasing an additional 1,907,938 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Canadian National Railway by 4,614.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,336,027 shares of the transportation company’s stock worth $157,896,000 after purchasing an additional 1,307,689 shares during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be given a dividend of $0.614 per share. The ex-dividend date is Friday, September 6th. This represents a $2.46 annualized dividend and a yield of 2.04%. Canadian National Railway’s payout ratio is currently 39.07%.

About Canadian National Railway

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.