Atb Cap Markets Issues Negative Estimate for CNI Earnings

Key Points

• Atb Cap Markets has lowered its Q3 2025 earnings estimate for Canadian National Railway (CNI) from $1.39 to $1.32 per share, while the consensus estimate for full-year earnings remains at $5.52 per share.
• Several brokerages have recently revised their ratings and price targets for CNI shares, with Evercore ISI downgrading the stock from "outperform" to "in-line" and setting a target price of $105.00.
• Canadian National Railway increased its quarterly dividend to $0.6507 per share, reflecting a 2.7% yield and a dividend payout ratio of 50.19%.

Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR - Analysts at Atb Cap Markets reduced their Q3 2025 earnings estimates for shares of Canadian National Railway in a research note issued to investors on Tuesday, October 14th. Atb Cap Markets analyst C. Murray now forecasts that the transportation company will earn $1.32 per share for the quarter, down from their prior estimate of $1.39. The consensus estimate for Canadian National Railway's current full-year earnings is $5.52 per share. Atb Cap Markets also issued estimates for Canadian National Railway's Q4 2025 earnings at $1.43 EPS, FY2025 earnings at $5.42 EPS, Q1 2026 earnings at $1.38 EPS, Q2 2026 earnings at $1.46 EPS, Q3 2026 earnings at $1.46 EPS, FY2026 earnings at $5.90 EPS, Q1 2027 earnings at $1.50 EPS, Q2 2027 earnings at $1.59 EPS, Q3 2027 earnings at $1.62 EPS and FY2027 earnings at $6.48 EPS.

Several other brokerages have also recently commented on CNI. Evercore ISI cut shares of Canadian National Railway from an "outperform" rating to an "in-line" rating and set a $105.00 target price for the company. in a report on Wednesday, July 23rd. Wells Fargo & Company decreased their price target on Canadian National Railway from $117.00 to $110.00 and set an "overweight" rating for the company in a research note on Monday, October 6th. Royal Bank Of Canada dropped their price target on shares of Canadian National Railway from $161.00 to $157.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. Susquehanna lowered their price objective 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. Finally, Wall Street Zen cut Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Saturday, October 4th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Canadian National Railway currently has a consensus rating of "Moderate Buy" and an average price target of $113.90.

Canadian National Railway Price Performance

Shares of CNI opened at $97.08 on Thursday. Canadian National Railway has a twelve month low of $91.07 and a twelve month high of $116.79. The company has a 50 day moving average of $94.68 and a 200-day moving average of $98.89. The stock has a market capitalization of $60.26 billion, a P/E ratio of 18.67, a P/E/G ratio of 2.17 and a beta of 0.96. 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 announced its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share for the quarter, missing analysts' consensus estimates of $1.37 by ($0.02). The company had revenue of $3.14 billion during 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 for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.84 earnings per share.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 8th were given a dividend of $0.6507 per share. This is an increase from Canadian National Railway's previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Monday, September 8th. Canadian National Railway's dividend payout ratio (DPR) is currently 50.19%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Canadian National Railway by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 23,927,393 shares of the transportation company's stock valued at $2,493,163,000 after buying an additional 761,454 shares during the period. TD Asset Management Inc boosted its stake in shares of Canadian National Railway by 2.3% in the 2nd quarter. TD Asset Management Inc now owns 12,072,540 shares of the transportation company's stock valued at $1,255,385,000 after purchasing an additional 273,974 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in shares of Canadian National Railway by 6.0% in the 1st quarter. 1832 Asset Management L.P. now owns 11,243,512 shares of the transportation company's stock valued at $1,095,793,000 after purchasing an additional 636,147 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Canadian National Railway by 6.3% in the 1st quarter. Mackenzie Financial Corp now owns 8,571,806 shares of the transportation company's stock valued at $834,129,000 after purchasing an additional 505,588 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Canadian National Railway by 26.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,705,679 shares of the transportation company's stock valued at $695,048,000 after acquiring an additional 1,408,978 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company's stock.

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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