3 days Ago By ABMN Staff
Canadian National Railway ( NYSE:CNI – Free Report ) (TSE:CNR) – Equities researchers at Atb Cap Markets reduced their Q4 2024 earnings per share (EPS) estimates for shares of Canadian National Railway in a note issued to investors on Wednesday, September 11th. Atb Cap Markets analyst C. Murray now forecasts that the transportation company will post earnings of $1.
64 per share for the quarter, down from their previous estimate of $1.68. The consensus estimate for Canadian National Railway’s current full-year earnings is $5.
58 per share. Atb Cap Markets also issued estimates for Canadian National Railway’s Q1 2025 earnings at $1.38 EPS.
Several other research analysts have also recently commented on CNI. Sanford C. Bernstein cut shares of Canadian National Railway from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $146.
25 to $130.67 in a report on Monday, July 8th. Stifel Nicolaus reduced their price target on shares of Canadian National Railway from $137.
00 to $133.00 and set a “hold” rating for the company in a research report on Wednesday, July 24th. Bank of America dropped their target price on Canadian National Railway from $132.
00 to $129.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Barclays cut their price target on shares of Canadian National Railway from $128.
00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Finally, Benchmark restated a “hold” rating on shares of Canadian National Railway in a research report on Wednesday, July 24th.
Sixteen equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $137.35.
Canadian National Railway Stock Performance Shares of CNI stock opened at $118.77 on Monday. Canadian National Railway has a 52 week low of $103.
96 and a 52 week high of $134.02. The firm has a 50 day moving average of $116.
19 and a two-hundred day moving average of $122.49. The company has a quick ratio of 0.
48, a current ratio of 0.63 and a debt-to-equity ratio of 0.93.
The stock has a market capitalization of $75.11 billion, a PE ratio of 18.94, a P/E/G ratio of 2.
54 and a beta of 0.88. Canadian National Railway ( NYSE:CNI – Get Free Report ) (TSE:CNR) last issued its quarterly earnings results on Tuesday, July 23rd.
The transportation company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.
09). The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.
40 billion. Canadian National Railway had a return on equity of 23.58% and a net margin of 32.
00%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year.
During the same period in the prior year, the company posted $1.31 EPS. Canadian National Railway Cuts Dividend The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th.
Stockholders of record on Friday, September 6th will be given a $0.614 dividend. This represents a $2.
46 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Friday, September 6th.
Canadian National Railway’s dividend payout ratio is presently 39.07%. Institutional Investors Weigh In On Canadian National Railway Hedge funds have recently made changes to their positions in the business.
Norges Bank purchased a new position in Canadian National Railway during the fourth quarter worth approximately $769,556,000. Capital International Investors grew its position in Canadian National Railway by 63.2% during the fourth quarter.
Capital International Investors now owns 7,623,561 shares of the transportation company’s stock valued at $957,845,000 after acquiring an additional 2,951,506 shares during the period. Canada Pension Plan Investment Board increased its stake in Canadian National Railway by 92.4% during the first quarter.
Canada Pension Plan Investment Board now owns 4,505,860 shares of the transportation company’s stock worth $593,911,000 after acquiring an additional 2,163,820 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Canadian National Railway by 9.6% in the 4th quarter.
Wellington Management Group LLP now owns 21,868,740 shares of the transportation company’s stock worth $2,761,473,000 after purchasing an additional 1,907,938 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Canadian National Railway by 4,614.6% in the 2nd quarter.
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,336,027 shares of the transportation company’s stock valued at $157,896,000 after purchasing an additional 1,307,689 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.
About Canadian National Railway ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for Canadian National Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway and related companies with MarketBeat.
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