Brokers Offer Canadian National Railway (TSE:CNR) Q4 2024 Earnings Predictions

Canadian National Railway (TSE:CNR – Free Report) (NYSE:CNI) – Equities research analysts at Raymond James decreased their Q4 2024 earnings estimates for shares of Canadian National Railway in a note issued to investors on Wednesday, September 11. Raymond James analyst S. Hansen now expects that the company will post earnings of $2.18 per share for the quarter, down from their prior forecast of $2.27. Raymond James presently has an “Outperform” rating and a $180.00 target price on the stock. The consensus estimate for Canadian National Railway’s current year earnings is $8.87 per share.

Other research analysts have also issued research reports on the stock. Stephens raised shares of Canadian National Railway to a “hold” rating in a research note on Wednesday, July 24th. Barclays reduced their price objective on shares of Canadian National Railway from $175.00 to $165.00 in a research note on Wednesday, July 24th. National Bank Financial raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 26th. BMO Capital Markets lowered their price objective on shares of Canadian National Railway from $182.00 to $178.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Royal Bank of Canada cut their price objective on shares of Canadian National Railway from $169.00 to $160.00 and set a “sector perform” rating on the stock in a research note from Wednesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $174.93, according to MarketBeat.

Read the latest stock report on CNR

Canadian National Railway stock fell 0.5%

Shares of TSE:CNR opened at $161.44 on Friday. Canadian National Railway has a one year low of $143.13 and a one year high of $181.34. The company has a 50-day moving average of $158.80 and a 200-day moving average of $167.41. 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 has a market cap of $101.63 billion, a price-to-earnings ratio of 19.17, a P/E/G ratio of 2.06 and a beta of 0.65.

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

Insider Transactions at Canadian National Railway

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

Canadian National Railways Dividend Announcement

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

Profile of Canada’s national railway company

(Get a free report)

Canadian National Railway Company, together with its subsidiaries, engages in rail, intermodal, trucking and shipping and logistics businesses in Canada and the United States. The company provides rail services, which include equipment, custom brokerage, transfer and distribution, business and real estate development, and private car storage services; and intermodal services such as temperature-controlled cargo, port partnerships and logistics parks.

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