Equities Analysts Issue Forecasts for TSE:CNR Q3 Earnings

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Investment analysts at Raymond James Financial cut their Q3 2025 earnings per share estimates for Canadian National Railway in a research note issued on Wednesday, July 23rd. Raymond James Financial analyst S. Hansen now expects that the company will earn $1.86 per share for the quarter, down from their prior estimate of $1.90. Raymond James Financial has a “Moderate Buy” rating and a $162.00 price objective on the stock. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.26 per share. Raymond James Financial also issued estimates for Canadian National Railway’s Q4 2025 earnings at $2.13 EPS and FY2026 earnings at $8.65 EPS.

A number of other research analysts have also recently issued reports on CNR. Barclays lowered their price target on shares of Canadian National Railway from C$145.00 to C$135.00 in a research report on Wednesday. Royal Bank Of Canada lowered their target price on shares of Canadian National Railway from C$161.00 to C$157.00 and set an “outperform” rating for the company in a report on Wednesday. National Bank Financial cut Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Citigroup reduced their price objective on Canadian National Railway from C$123.00 to C$121.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut Canadian National Railway from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from C$154.00 to C$163.00 in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Canadian National Railway presently has an average rating of “Moderate Buy” and an average price target of C$155.79.

Canadian National Railway Stock Up 0.9%

TSE:CNR opened at C$131.40 on Friday. The company has a debt-to-equity ratio of 107.59, a current ratio of 0.64 and a quick ratio of 0.58. The firm’s 50-day moving average price is C$142.13 and its 200-day moving average price is C$142.34. The company has a market capitalization of C$82.33 billion, a PE ratio of 14.21, a P/E/G ratio of 3.38 and a beta of 0.65. Canadian National Railway has a 1-year low of C$129.90 and a 1-year high of C$164.53.

Canadian National Railway Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Monday, September 8th will be issued a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a dividend yield of 2.70%. Canadian National Railway’s payout ratio is 36.54%.

Insider Buying and Selling

In related news, Director Susan C. Jones bought 1,520 shares of the stock in a transaction that occurred on Thursday, July 24th. The shares were bought at an average cost of C$130.96 per share, for a total transaction of C$199,065.28. Also, Director Shauneen Elizabeth Bruder acquired 7,600 shares of the stock in a transaction dated Thursday, July 24th. The shares were bought at an average cost of C$131.40 per share, for a total transaction of C$998,624.04. In the last 90 days, insiders have purchased 11,208 shares of company stock worth $1,484,739. 2.64% of the stock is owned by insiders.

About Canadian National Railway

Canadian National’s railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2019, CN delivered almost 6 million carloads over its 19,600 miles of track. CN generated roughly CAD 14 billion in total revenue by hauling intermodal containers (25% of consolidated revenue), petroleum and chemicals (21%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive shipments (6%), and coal (4%).