Raymond James Has Negative Estimate for TSE:CNR Q3 Earnings

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Research analysts at Raymond James cut their Q3 2024 EPS estimates for Canadian National Railway in a note issued to investors on Wednesday, October 16th. Raymond James analyst S. Hansen now forecasts that the company will post earnings of $1.70 per share for the quarter, down from their prior forecast of $1.76. Raymond James currently has a “Outperform” rating and a $180.00 target price on the stock. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.26 per share. Raymond James also issued estimates for Canadian National Railway’s Q4 2024 earnings at $2.09 EPS, FY2024 earnings at $7.35 EPS and FY2025 earnings at $8.30 EPS.

CNR has been the subject of several other research reports. UBS Group dropped their price target on shares of Canadian National Railway from C$202.00 to C$189.00 in a research report on Wednesday, July 24th. Scotiabank cut their target price on Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. National Bankshares dropped their price target on Canadian National Railway from C$190.00 to C$186.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Citigroup upgraded Canadian National Railway to a “hold” rating in a report on Wednesday, October 9th. Finally, Royal Bank of Canada upgraded Canadian National Railway from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$169.00 to C$179.00 in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Canadian National Railway presently has an average rating of “Hold” and a consensus price target of C$175.14.

Canadian National Railway Trading Down 0.7 %

TSE CNR opened at C$156.84 on Friday. The company has a 50-day moving average of C$157.17 and a 200-day moving average of C$164.66. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. Canadian National Railway has a 12 month low of C$143.13 and a 12 month high of C$181.34. The company has a market cap of C$98.73 billion, a P/E ratio of 18.63, a P/E/G ratio of 3.38 and a beta of 0.65.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported C$1.84 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 during the quarter, compared to analysts’ expectations of C$4.40 billion.

Canadian National Railway Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were paid a dividend of $0.845 per share. The ex-dividend date was Friday, September 6th. This represents a $3.38 dividend on an annualized basis and a yield of 2.16%. Canadian National Railway’s dividend payout ratio (DPR) is presently 40.14%.

Insider Buying and Selling at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder purchased 543 shares of the business’s 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. In other news, Director Shauneen Elizabeth Bruder acquired 543 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was 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 business’s stock in a transaction on Tuesday, September 17th. The shares were purchased at an average price of C$162.05 per share, for a total transaction of C$199,324.82. Insiders acquired a total of 4,383 shares of company stock worth $585,772 in the last 90 days. 2.64% of the stock is owned by corporate insiders.

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.