Q4 2024 EPS Estimates for Canadian National Railway Lowered by Analyst (NYSE:CNI)

Canadian National Railway (NYSE:CNI) (TSE:CNR) – Research analysts at National Bank Financial cut their Q4 2024 earnings estimates for shares of Canadian National Railway in a note issued to investors on Tuesday, April 23rd. National Bank Financial analyst C. Doerksen now forecasts that the transportation company will post earnings of $1.73 per share for the quarter, down from their prior estimate of $1.80. The consensus estimate for Canadian National Railway’s current full-year earnings is $5.93 per share.

Several other equities analysts have also issued reports on CNI. Bank of America raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their price target for the company from $140.00 to $145.00 in a report on Wednesday, April 10th. Susquehanna boosted their price target on shares of Canadian National Railway from $140.00 to $142.00 and gave the company a “neutral” rating in a report on Wednesday. Citigroup boosted their price target on shares of Canadian National Railway from $121.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. CIBC lowered shares of Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a report on Wednesday, January 10th. Finally, Wells Fargo & Company boosted their price target on shares of Canadian National Railway from $110.00 to $125.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Eighteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Canadian National Railway has a consensus rating of “Hold” and an average target price of $148.60.

Canadian National Railway Price Performance

CNI opened at $124.78 on Friday. The company has a fifty day moving average price of $129.58 and a two-hundred day moving average price of $122.22. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.47 and a current ratio of 0.60. Canadian National Railway has a 52 week low of $103.96 and a 52 week high of $134.02. The firm has a market capitalization of $79.70 billion, a PE ratio of 19.90, a P/E/G ratio of 2.14 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, January 23rd. The transportation company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion.

Institutional Investors Weigh In On Canadian National Railway

Several hedge funds have recently bought and sold shares of CNI. Bfsg LLC lifted its stake in Canadian National Railway by 110.5% in the 1st quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 105 shares during the last quarter. GAMMA Investing LLC lifted its position in Canadian National Railway by 766.7% during the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock worth $31,000 after acquiring an additional 207 shares during the last quarter. JFS Wealth Advisors LLC increased its holdings in shares of Canadian National Railway by 241.1% during the third quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock worth $35,000 after purchasing an additional 229 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Canadian National Railway by 121.0% during the third quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock worth $40,000 after purchasing an additional 202 shares during the period. Finally, Rational Advisors LLC bought a new position in shares of Canadian National Railway during the third quarter worth approximately $41,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Cuts 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 paid a $0.625 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.50 annualized dividend and a yield of 2.00%. Canadian National Railway’s dividend payout ratio (DPR) is currently 39.71%.

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.