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Canadian National Railway (TSE:CNR – Get Rating ) (NYSE:CNI) – Equities research analysts at ATB Cap Market raised their FY2024 EPS estimates for Canadian National Railway in a report issued on Wednesday, January 25th. ATB Cap Markets Analyst c. Murray now forecasts that the company will post earnings of $8.85 per share for the year, up from their prior forecast of $8.82. Atb Cap Markets has a “Sector Perform” rating on the stock. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.07 per share. ATB Cap Markets issued estimates for Canadian National Railway’s Q4 2024 earnings at $2.29 EPS.
CNR has been the subject of many other research reports. Goldman Sachs Group cut shares of Canadian National Railway to a “sell” rating and set a C$150.00 price target on the stock. in a research report on Tuesday, January 10th. UBS Group upped their price objective on shares of Canadian National Railway from C$175.00 to C$184.00 in a research report on Wednesday, October 26th. JPMorgan Chase & Co. Canadian National Railway upped their price objective on shares of Canadian National Railway from C$167.00 to C$168.00 in a research report on Wednesday. Morgan Stanley decreased their price target on shares of Canadian National Railway from C$156.00 to C$154.00 in a research report on Wednesday. Finally, Atlantic Securities set a C$162.00 price target on shares of Canadian National Railway in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of C$161.08, according to MarketBeat.
Canadian National Railway Stock Performance
Shares of TSE:CNR opened at C$157.91 on Friday. The company has a market capitalization of C$106.00 billion and a price-to-earnings ratio of 21.69. The company has a 50-day moving average price of C$166.39 and a 200-day moving average price of C$159.98. The company has a current ratio of 1.01, a quick ratio of 0.58 and a debt-to-equity ratio of 71.59. Canadian National Railway has a 12-month low of C$137.26 and a 12-month high of C$175.39.
Canadian National Railway (TSE:CNR – Get Rating ) (NYSE:CNI) last issued its quarterly earnings data on Tuesday, October 25th. The company reported C$2.13 EPS for the quarter, beating the consensus estimate of C$2.02 by C$0.11. The firm had revenue of C$4.51 billion for the quarter, compared to the consensus estimate of C$4.34 billion.
Domestic Activities of Canadian National Railways
In other Canadian National Railway news, senior official Donald K. Reardon sold 9,280 shares of the stock in a transaction on Tuesday, November 22nd The shares were sold at an average price of C$168.25 for a total value of C$1,561,341.33. Following the transaction, the insider now directly owns 20,531 shares in the company, valued at C$3,454,299.44.
Canadian National Railway Raises Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 10th will be paid a dividend of $1.862 per share. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.73. The ex-dividend date is Thursday, March 9. This represents a dividend of $7.45 on an annualized basis and a yield of 4.72%. Canadian National Railway’s dividend payout ratio is 38.63%.
About Canadian National Railways
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Canadian National Railway Company, together with its subsidiaries, engages in rail and related transportation businesses. The company’s product portfolio includes petroleum and chemicals, grains and fertilizers, coal, metals and minerals, forest products, intermodal and automotive products serving exporters, importers, retailers, farmers and manufacturers.
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