National Bank Financial Weighs in on TSE:CNR FY2026 Earnings

Key Points

• National Bank Financial has revised its FY2026 earnings per share estimate for Canadian National Railway from $8.52 to $8.31, maintaining a "Hold" rating on the stock.
• Several analysts have adjusted their price targets for Canadian National Railway, with Scotiabank lowering it from C$165.00 to C$153.00 while others have also set or adjusted ratings and targets.
• Canadian National Railway announced a quarterly dividend of $0.8875 per share, representing an annualized dividend yield of 2.73%.

Canadian National Railway (TSE:CNR - Free Report) NYSE: CNI - Stock analysts at National Bank Financial dropped their FY2026 earnings per share (EPS) estimates for Canadian National Railway in a research report issued on Tuesday, July 22nd. National Bank Financial analyst C. Doerksen now expects that the company will post earnings of $8.31 per share for the year, down from their previous estimate of $8.52. National Bank Financial currently has a "Hold" rating on the stock. The consensus estimate for Canadian National Railway's current full-year earnings is $8.26 per share.

A number of other equities analysts have also commented on CNR. Scotiabank decreased their price target on shares of Canadian National Railway from C$165.00 to C$153.00 and set an "outperform" rating on the stock in a report on Wednesday. Desjardins cut their target price on Canadian National Railway from C$169.00 to C$160.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. JPMorgan Chase & Co. cut shares of Canadian National Railway from an "outperform" rating to a "neutral" rating and lifted their target price for the stock from C$154.00 to C$163.00 in a research report on Wednesday. CIBC raised their price objective on Canadian National Railway from C$146.00 to C$155.00 in a research note on Thursday, May 22nd. Finally, Royal Bank Of Canada decreased their price objective on Canadian National Railway from C$161.00 to C$157.00 and set an "outperform" rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$155.79.

Canadian National Railway Trading Down 0.6%

Shares of CNR opened at C$130.17 on Friday. Canadian National Railway has a 1-year low of C$129.90 and a 1-year high of C$164.53. The company has a market capitalization of C$81.56 billion, a P/E ratio of 14.07, a P/E/G ratio of 3.38 and a beta of 0.65. 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 simple moving average is C$142.53 and its 200 day simple moving average is C$142.47.

Insider Activity

In other news, Director Susan C. Jones purchased 1,461 shares of Canadian National Railway stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average cost of C$136.62 per share, with a total value of C$199,600.80. Also, Director Shauneen Elizabeth Bruder acquired 7,600 shares of the stock in a transaction on Thursday, July 24th. The shares were purchased at an average cost of C$131.40 per share, with a total value of C$998,624.04. Insiders have purchased 9,688 shares of company stock worth $1,285,673 in the last quarter. 2.64% of the stock is owned by corporate insiders.

Canadian National Railway Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Monday, September 8th will be paid a dividend of $0.8875 per share. This represents a $3.55 dividend on an annualized basis and a dividend yield of 2.73%. Canadian National Railway's payout ratio is 36.54%.

Canadian National Railway Company Profile

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%).

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