National Bank Financial Comments on Canadian National Railway’s Q3 2024 Earnings (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Research analysts at National Bank Financial dropped their Q3 2024 earnings per share estimates for shares of Canadian National Railway in a research note issued to investors on Wednesday, September 11th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of $1.72 per share for the quarter, down from their prior estimate of $1.91. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.87 per share. National Bank Financial also issued estimates for Canadian National Railway’s Q4 2024 earnings at $2.23 EPS, FY2024 earnings at $7.51 EPS and FY2025 earnings at $8.63 EPS.

CNR has been the topic of a number of other research reports. CIBC reduced their price target on Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating on the stock in a report on Wednesday. Royal Bank of Canada reduced their price target on Canadian National Railway from C$169.00 to C$160.00 and set a “sector perform” rating on the stock in a report on Wednesday. TD Securities reduced their price target on Canadian National Railway from C$185.00 to C$180.00 and set a “hold” rating on the stock in a report on Wednesday, July 24th. Desjardins reduced their price target on Canadian National Railway from C$192.00 to C$181.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company upgraded Canadian National Railway to a “hold” rating in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$174.93.

Canadian National Railway Stock Down 0.5 %

Shares of TSE:CNR opened at C$161.44 on Friday. Canadian National Railway has a 1 year low of C$143.13 and a 1 year high of C$181.34. The company has a market cap of C$101.63 billion, a PE ratio of 19.17, a P/E/G ratio of 2.06 and a beta of 0.65. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. The stock’s 50-day moving average is C$158.80 and its 200 day moving average is C$167.48.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. The business had revenue of C$4.33 billion for the quarter, compared to analysts’ expectations of C$4.40 billion.

Insider Buying and Selling

In related news, Director Shauneen Elizabeth Bruder purchased 544 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The shares were bought at an average price of C$160.21 per share, for a total transaction of C$87,156.42. In related news, Director Shauneen Elizabeth Bruder purchased 544 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The shares were bought at an average price of C$160.21 per share, for a total transaction of C$87,156.42. Also, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average price of C$115.29 per share, for a total transaction of C$300,906.90. 1.69% of the stock is currently owned by company insiders.

Canadian National Railway Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 27th will be paid a $0.845 dividend. The ex-dividend date is Friday, September 6th. This represents a $3.38 annualized dividend and a dividend yield of 2.09%. Canadian National Railway’s payout ratio is currently 40.14%.

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.