Atb Cap Markets Equities Analysts Lower Earnings Estimates for Canadian National Railway (NYSE:CNI)

Canadian National Railway (NYSE:CNI) (TSE:CNR) – Research analysts at Atb Cap Markets cut their Q2 2024 EPS estimates for Canadian National Railway in a note issued to investors on Tuesday, April 9th. Atb Cap Markets analyst C. Murray now forecasts that the transportation company will post earnings of $1.45 per share for the quarter, down from their prior forecast of $1.55. The consensus estimate for Canadian National Railway’s current full-year earnings is $5.96 per share. Atb Cap Markets also issued estimates for Canadian National Railway’s Q3 2024 earnings at $1.52 EPS, Q4 2024 earnings at $1.66 EPS, Q2 2025 earnings at $1.61 EPS, Q3 2025 earnings at $1.69 EPS and FY2025 earnings at $6.58 EPS.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%.

A number of other equities research analysts also recently issued reports on the stock. TD Securities downgraded shares of Canadian National Railway from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Susquehanna Bancshares raised their price objective on Canadian National Railway from $115.00 to $143.00 and gave the stock a “neutral” rating in a report on Monday, January 8th. Jefferies Financial Group started coverage on Canadian National Railway in a research note on Monday. They issued a “hold” rating and a $130.00 price objective on the stock. Barclays boosted their price objective on shares of Canadian National Railway from $127.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. Finally, CIBC cut shares of Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research report on Wednesday, January 10th. Eighteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Canadian National Railway has an average rating of “Hold” and an average target price of $146.95.

Canadian National Railway Stock Down 1.4 %

Shares of NYSE:CNI opened at $129.43 on Thursday. The company has a current ratio of 0.61, a quick ratio of 0.47 and a debt-to-equity ratio of 0.80. The firm has a market cap of $82.88 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 2.33 and a beta of 0.88. The stock’s 50-day moving average price is $129.72 and its two-hundred day moving average price is $120.89. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were issued a $0.638 dividend. The ex-dividend date was Wednesday, March 6th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.58. This represents a $2.55 annualized dividend and a yield of 1.97%. Canadian National Railway’s dividend payout ratio is currently 39.59%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Ascent Group LLC grew its stake in Canadian National Railway by 2.2% in the third quarter. Ascent Group LLC now owns 4,005 shares of the transportation company’s stock worth $474,000 after purchasing an additional 87 shares in the last quarter. Baird Financial Group Inc. increased its stake in Canadian National Railway by 0.3% during the third quarter. Baird Financial Group Inc. now owns 28,401 shares of the transportation company’s stock valued at $3,067,000 after purchasing an additional 88 shares during the last quarter. PDS Planning Inc raised its holdings in shares of Canadian National Railway by 2.0% during the fourth quarter. PDS Planning Inc now owns 4,566 shares of the transportation company’s stock worth $574,000 after purchasing an additional 89 shares during the period. SRS Capital Advisors Inc. lifted its position in shares of Canadian National Railway by 2.9% in the 2nd quarter. SRS Capital Advisors Inc. now owns 3,123 shares of the transportation company’s stock worth $378,000 after buying an additional 89 shares during the last quarter. Finally, State of Wyoming lifted its holdings in Canadian National Railway by 11.7% in the fourth quarter. State of Wyoming now owns 867 shares of the transportation company’s stock worth $103,000 after acquiring an additional 91 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

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.