Atb Cap Markets Has Negative Forecast for CNI Q4 Earnings

Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR - Atb Cap Markets reduced their Q4 2026 earnings estimates for Canadian National Railway in a research report issued to clients and investors on Tuesday, October 14th. Atb Cap Markets analyst C. Murray now expects that the transportation company will earn $1.59 per share for the quarter, down from their previous forecast of $1.64. The consensus estimate for Canadian National Railway's current full-year earnings is $5.52 per share.

Several other research firms have also weighed in on CNI. Wall Street Zen lowered shares of Canadian National Railway from a "hold" rating to a "sell" rating in a research note on Saturday, October 4th. Susquehanna dropped their price target on shares of Canadian National Railway from $120.00 to $115.00 and set a "positive" rating on the stock in a research note on Thursday, September 25th. Argus upgraded shares of Canadian National Railway to a "hold" rating in a research note on Friday, June 27th. Raymond James Financial upgraded shares of Canadian National Railway from a "market perform" rating to an "outperform" rating in a research note on Thursday, July 17th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Canadian National Railway in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $113.90.

Canadian National Railway Price Performance

CNI opened at $94.64 on Friday. The firm has a market cap of $58.75 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 2.20 and a beta of 0.96. Canadian National Railway has a fifty-two week low of $91.07 and a fifty-two week high of $115.78. The company's 50-day moving average price is $94.73 and its 200 day moving average price is $98.88. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.02). The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $4.34 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.Canadian National Railway's revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.84 EPS.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Founders Capital Management LLC acquired a new position in shares of Canadian National Railway during the second quarter valued at approximately $3,335,000. Goldman Sachs Group Inc. increased its stake in shares of Canadian National Railway by 39.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,664,618 shares of the transportation company's stock valued at $259,694,000 after acquiring an additional 755,518 shares during the period. TD Asset Management Inc increased its stake in shares of Canadian National Railway by 2.3% during the second quarter. TD Asset Management Inc now owns 12,072,540 shares of the transportation company's stock valued at $1,255,385,000 after acquiring an additional 273,974 shares during the period. GAMMA Investing LLC increased its stake in shares of Canadian National Railway by 31.3% during the first quarter. GAMMA Investing LLC now owns 718 shares of the transportation company's stock valued at $70,000 after acquiring an additional 171 shares during the period. Finally, Cardinal Capital Management Inc. increased its stake in shares of Canadian National Railway by 3.1% during the second quarter. Cardinal Capital Management Inc. now owns 731,350 shares of the transportation company's stock valued at $76,178,000 after acquiring an additional 22,035 shares during the period. Institutional investors and hedge funds own 80.74% of the company's stock.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 8th were paid a dividend of $0.6507 per share. This is a boost from Canadian National Railway's previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, September 8th. Canadian National Railway's dividend payout ratio (DPR) is 50.19%.

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.

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