FY2024 Earnings Forecast for TSE:CNR Issued By Raymond James

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Investment analysts at Raymond James lifted their FY2024 earnings per share (EPS) estimates for Canadian National Railway in a research report issued on Wednesday, October 23rd. Raymond James analyst S. Hansen now anticipates that the company will post earnings per share of $7.37 for the year, up from their prior forecast of $7.35. Raymond James currently has a “Outperform” rating and a $180.00 price target on the stock. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.26 per share.

A number of other research firms have also weighed in on CNR. ATB Capital boosted their price objective on shares of Canadian National Railway from C$167.00 to C$168.00 in a research report on Wednesday, October 23rd. Citigroup boosted their price target on Canadian National Railway from C$125.00 to C$126.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. UBS Group increased their price target on Canadian National Railway from C$189.00 to C$190.00 in a research note on Thursday. Scotiabank lowered their price objective on Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. Finally, TD Securities reduced their target price on Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$171.07.

Canadian National Railway Trading Up 0.5 %

Shares of CNR stock opened at C$154.25 on Monday. The company has a market capitalization of C$97.10 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 3.38 and a beta of 0.65. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62. The firm has a 50-day moving average price of C$157.32 and a 200 day moving average price of C$163.91. Canadian National Railway has a twelve month low of C$144.23 and a twelve month high of C$181.34.

Insiders Place Their Bets

In other Canadian National Railway news, Director Susan C. Jones bought 1,230 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were acquired at an average price of C$162.05 per share, with a total value of C$199,324.82. In related news, Director Shauneen Elizabeth Bruder purchased 543 shares of Canadian National Railway stock in a transaction that occurred on Wednesday, September 25th. The shares were purchased at an average cost of C$157.53 per share, with a total value of C$85,539.88. Also, Director Susan C. Jones acquired 1,230 shares of the stock in a transaction on Tuesday, September 17th. The stock was purchased at an average cost of C$162.05 per share, with a total value of C$199,324.82. Insiders acquired a total of 2,773 shares of company stock worth $437,437 over the last ninety days. 2.64% of the stock is owned by company insiders.

Canadian National Railway Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be given a dividend of $0.845 per share. The ex-dividend date is Monday, December 9th. This represents a $3.38 dividend on an annualized basis and a yield of 2.19%. Canadian National Railway’s dividend payout ratio (DPR) is 40.14%.

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.