Canadian National Railway (NYSE:CNI) Forecasted to Earn Q2 2024 Earnings of $1.47 Per Share

Canadian National Railway (NYSE:CNI) (TSE:CNR) – Stock analysts at Zacks Research increased their Q2 2024 earnings per share estimates for shares of Canadian National Railway in a research report issued to clients and investors on Wednesday, May 1st. Zacks Research analyst M. Basu now forecasts that the transportation company will post earnings of $1.47 per share for the quarter, up from their prior estimate of $1.44. The consensus estimate for Canadian National Railway’s current full-year earnings is $5.90 per share. Zacks Research also issued estimates for Canadian National Railway’s Q4 2024 earnings at $1.66 EPS, Q2 2025 earnings at $1.66 EPS, Q4 2025 earnings at $1.81 EPS, Q1 2026 earnings at $1.76 EPS and FY2026 earnings at $7.41 EPS.

CNI has been the subject of a number of other reports. Wells Fargo & Company upped their price target on shares of Canadian National Railway from $110.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. StockNews.com raised Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Thursday. CIBC downgraded Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research note on Wednesday, January 10th. Susquehanna raised their target price on Canadian National Railway from $140.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, TD Securities cut shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Seventeen analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $149.05.

Canadian National Railway Price Performance

Shares of CNI opened at $123.54 on Friday. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02. The stock’s fifty day moving average is $128.89 and its 200-day moving average is $122.72. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.46 and a current ratio of 0.60. The firm has a market capitalization of $78.90 billion, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89.

Institutional Trading of Canadian National Railway

Several large investors have recently made changes to their positions in the stock. Bfsg LLC boosted its position in Canadian National Railway by 110.5% during the first quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock worth $26,000 after purchasing an additional 105 shares during the period. GAMMA Investing LLC raised its holdings in Canadian National Railway by 766.7% in the 1st 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 period. JFS Wealth Advisors LLC lifted its position in Canadian National Railway by 241.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock worth $35,000 after acquiring an additional 229 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Canadian National Railway by 121.0% during the third quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 202 shares during the period. Finally, Keener Financial Planning LLC acquired a new stake in shares of Canadian National Railway in the fourth quarter valued at about $46,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a $0.625 dividend. The ex-dividend date is Friday, June 7th. This represents a $2.50 dividend on an annualized basis and a yield of 2.02%. Canadian National Railway’s dividend payout ratio is currently 40.03%.

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.