Q2 2024 EPS Estimates for Canadian National Railway Lifted by Analyst (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Analysts at Zacks Research lifted their Q2 2024 earnings estimates for shares of Canadian National Railway in a research report issued on Wednesday, May 1st. Zacks Research analyst M. Basu now expects that the company will post earnings of $1.96 per share for the quarter, up from their prior forecast of $1.92. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.01 per share. Zacks Research also issued estimates for Canadian National Railway’s Q4 2024 earnings at $2.21 EPS, Q2 2025 earnings at $2.21 EPS, Q4 2025 earnings at $2.41 EPS, Q1 2026 earnings at $2.34 EPS and FY2026 earnings at $9.86 EPS.

Several other research analysts also recently commented on CNR. Barclays lifted their target price on Canadian National Railway from C$170.00 to C$175.00 in a report on Thursday, April 4th. Sanford C. Bernstein raised their price target on shares of Canadian National Railway from C$191.00 to C$195.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. BMO Capital Markets upped their price objective on shares of Canadian National Railway from C$185.00 to C$195.00 in a research note on Monday, April 1st. Royal Bank of Canada boosted their target price on shares of Canadian National Railway from C$171.00 to C$172.00 and gave the company a “sector perform” rating in a report on Wednesday, April 24th. Finally, National Bankshares boosted their target price on shares of Canadian National Railway from C$172.00 to C$190.00 in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$184.50.

Canadian National Railway Price Performance

Shares of TSE:CNR opened at C$168.97 on Friday. The firm has a market cap of C$108.18 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. Canadian National Railway has a 52 week low of C$143.13 and a 52 week high of C$181.34. The firm’s fifty day moving average is C$175.31 and its 200-day moving average is C$166.36. The company has a debt-to-equity ratio of 93.89, a quick ratio of 0.58 and a current ratio of 0.61.

Canadian National Railway Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a $0.845 dividend. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Friday, June 7th. Canadian National Railway’s dividend payout ratio is currently 39.62%.

Insider Buying and Selling

In other Canadian National Railway news, Senior Officer Derek Michael Taylor sold 2,610 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of C$131.26, for a total transaction of C$342,577.38. In other Canadian National Railway news, Senior Officer Derek Michael Taylor sold 2,610 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of C$131.26, for a total transaction of C$342,577.38. Also, Director Shauneen Elizabeth Bruder acquired 488 shares of the stock in a transaction dated Tuesday, March 26th. The stock was bought at an average cost of C$177.40 per share, with a total value of C$86,571.20. 1.67% of the stock is owned by company 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.