National Bank Financial Comments on TSE:CNR FY2024 Earnings

Canadian National Railway (TSE:CNR) (NYSE:CNI) – National Bank Financial lowered their FY2024 earnings per share (EPS) estimates for Canadian National Railway in a research report issued on Monday, January 13th. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings of $7.20 per share for the year, down from their previous forecast of $7.34. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.26 per share. National Bank Financial also issued estimates for Canadian National Railway’s Q4 2024 earnings at $1.92 EPS, Q1 2025 earnings at $1.75 EPS, Q2 2025 earnings at $1.92 EPS, Q3 2025 earnings at $1.99 EPS, Q4 2025 earnings at $2.27 EPS, FY2025 earnings at $7.93 EPS and FY2026 earnings at $8.89 EPS.

Several other research firms also recently commented on CNR. Desjardins decreased their price target on shares of Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Veritas upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. Citigroup raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Wells Fargo & Company raised Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 7th. Finally, Royal Bank of Canada raised Canadian National Railway from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$169.00 to C$179.00 in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, Canadian National Railway currently has a consensus rating of “Moderate Buy” and an average price target of C$170.73.

Canadian National Railway Stock Performance

Shares of TSE CNR opened at C$143.91 on Wednesday. The stock’s 50-day moving average is C$150.44 and its 200 day moving average is C$155.46. The stock has a market cap of C$90.59 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 3.38 and a beta of 0.65. Canadian National Railway has a 1-year low of C$143.18 and a 1-year high of C$181.34. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62.

Insider Activity

In other news, Senior Officer Ghislain Houle sold 5,741 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of C$150.82, for a total value of C$865,844.99. Also, Director David Lund Freeman bought 1,000 shares of Canadian National Railway stock in a transaction dated Thursday, October 24th. The stock was acquired at an average cost of C$152.57 per share, for a total transaction of C$152,572.80. In the last 90 days, insiders have purchased 6,694 shares of company stock valued at $1,005,958. Corporate insiders own 2.64% of the company’s stock.

Canadian National Railway Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were issued a $0.845 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $3.38 annualized dividend and a yield of 2.35%. Canadian National Railway’s dividend payout ratio (DPR) is presently 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.