Brokers Set Expectations for Canadian National Railway’s FY2024 Earnings (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Research analysts at Desjardins lifted their FY2024 earnings estimates for Canadian National Railway in a report released on Tuesday, April 23rd. Desjardins analyst B. Poirier now forecasts that the company will post earnings per share of $8.05 for the year, up from their previous estimate of $7.96. Desjardins currently has a “Buy” rating and a $195.00 price target on the stock. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.01 per share. Desjardins also issued estimates for Canadian National Railway’s FY2025 earnings at $8.97 EPS.

Several other research firms have also commented on CNR. Raymond James raised their price target on shares of Canadian National Railway from C$185.00 to C$190.00 and gave the company an “outperform” rating in a report on Monday. CIBC raised their price target on shares of Canadian National Railway from C$177.00 to C$183.00 and gave the company a “neutral” rating in a report on Wednesday, March 27th. Scotiabank raised their price target on shares of Canadian National Railway from C$173.00 to C$184.00 and gave the company a “sector perform” rating in a report on Monday, March 25th. Veritas Investment Research lowered shares of Canadian National Railway from a “buy” rating to a “reduce” rating and set a C$168.00 price target on the stock. in a report on Wednesday, January 24th. Finally, National Bankshares raised their price target on shares of Canadian National Railway from C$172.00 to C$190.00 in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Canadian National Railway currently has a consensus rating of “Hold” and a consensus target price of C$184.50.

Canadian National Railway Price Performance

CNR opened at C$170.40 on Friday. The company’s 50 day simple moving average is C$175.98 and its 200 day simple moving average is C$165.64. 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 has a 1 year low of C$143.13 and a 1 year high of C$181.34. The stock has a market capitalization of C$109.10 billion, a PE ratio of 19.98, a P/E/G ratio of 2.06 and a beta of 0.65.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its earnings results on Tuesday, January 23rd. The company reported C$2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.96 by C$0.06. Canadian National Railway had a net margin of 33.43% and a return on equity of 27.11%. The business had revenue of C$4.47 billion for the quarter, compared to analysts’ expectations of C$4.38 billion.

Insider Transactions at Canadian National Railway

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder acquired 6,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was purchased at an average price of C$168.44 per share, with a total value of C$1,010,640.00. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder acquired 6,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was purchased at an average price of C$168.44 per share, with a total value of C$1,010,640.00. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of Canadian National Railway stock in a transaction 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. Corporate insiders own 1.67% of the company’s stock.

Canadian National Railway Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a dividend of $0.845 per share. This represents a $3.38 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Friday, June 7th. Canadian National Railway’s payout ratio is currently 39.62%.

Canadian National Railway Company Profile

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.