Zacks Research Analysts Boost Earnings Estimates for Canadian National Railway (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Analysts at Zacks Research raised their Q2 2024 earnings per share estimates for shares of Canadian National Railway in a research note issued to investors on Wednesday, May 1st. Zacks Research analyst M. Basu now expects that the company will post earnings per share of $1.96 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.

A number of other equities analysts have also commented on the stock. TD Securities raised their price objective on shares of Canadian National Railway from C$185.00 to C$190.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. National Bankshares raised their target price on Canadian National Railway from C$172.00 to C$190.00 in a research report on Thursday, April 4th. Barclays upped their price target on Canadian National Railway from C$170.00 to C$175.00 in a research report on Thursday, April 4th. UBS Group decreased their price objective on Canadian National Railway from C$205.00 to C$202.00 in a research report on Wednesday, April 24th. Finally, BMO Capital Markets increased their price target on shares of Canadian National Railway from C$185.00 to C$195.00 in a research report on Monday, April 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Canadian National Railway has a consensus rating of “Hold” and a consensus target price of C$184.50.

Canadian National Railway Stock Performance

Shares of CNR opened at C$168.97 on Friday. The company has a 50-day moving average of C$175.14 and a two-hundred day moving average of C$166.50. The stock has a market cap of C$107.50 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 2.06 and a beta of 0.65. The company has a debt-to-equity ratio of 100.86, a current ratio of 0.60 and a quick ratio of 0.58. Canadian National Railway has a one year low of C$143.13 and a one year high of C$181.34.

Canadian National Railway Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a $0.845 dividend. This represents a $3.38 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Friday, June 7th. Canadian National Railway’s payout ratio is presently 40.09%.

Insider Buying and Selling

In related news, Director Shauneen Elizabeth Bruder bought 488 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were bought at an average cost of C$177.40 per share, for a total transaction of C$86,571.20. In related news, Director Shauneen Elizabeth Bruder purchased 488 shares of the stock in a transaction on Tuesday, March 26th. The shares were bought at an average price of C$177.40 per share, for a total transaction of C$86,571.20. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of Canadian National Railway stock in a transaction that occurred 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. 1.69% of the stock is currently owned by corporate insiders.

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.