Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR - Zacks Research raised their Q2 2024 EPS estimates for Canadian National Railway in a report released on Wednesday, May 1st. Zacks Research analyst M. Basu now forecasts that the transportation company will post earnings of $1.47 per share for the quarter, up from their previous forecast of $1.44. The consensus estimate for Canadian National Railway's current full-year earnings is $5.90 per share. Zacks Research also issued estimates for Canadian National Railway's Q4 2024 earnings at $1.66 EPS, Q2 2025 earnings at $1.66 EPS, Q4 2025 earnings at $1.81 EPS, Q1 2026 earnings at $1.76 EPS and FY2026 earnings at $7.41 EPS.
Other research analysts also recently issued reports about the stock. Bank of America raised shares of Canadian National Railway from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $140.00 to $145.00 in a report on Wednesday, April 10th. Jefferies Financial Group started coverage on Canadian National Railway in a report on Monday, April 8th. They set a "hold" rating and a $130.00 target price for the company. Stifel Nicolaus raised their price objective on shares of Canadian National Railway from $121.00 to $134.00 and gave the company a "hold" rating in a research report on Friday, April 12th. TD Securities lowered shares of Canadian National Railway from a "buy" rating to a "hold" rating in a report on Monday, January 8th. Finally, Susquehanna boosted their target price on Canadian National Railway from $140.00 to $142.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 24th. Seventeen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $149.05.
View Our Latest Analysis on Canadian National Railway
Canadian National Railway Stock Performance
Shares of CNI stock traded up $1.58 during trading on Friday, hitting $123.54. The company's stock had a trading volume of 779,122 shares, compared to its average volume of 1,015,409. The business has a fifty day moving average of $128.89 and a 200-day moving average of $122.72. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 0.84. The company has a market cap of $78.90 billion, a PE ratio of 19.70, a P/E/G ratio of 2.12 and a beta of 0.89. Canadian National Railway has a 52 week low of $103.96 and a 52 week high of $134.02.
Institutional Investors Weigh In On Canadian National Railway
Several institutional investors and hedge funds have recently added to or reduced their stakes in CNI. Avantax Advisory Services Inc. boosted its stake in shares of Canadian National Railway by 33.5% in the 3rd quarter. Avantax Advisory Services Inc. now owns 11,998 shares of the transportation company's stock worth $1,300,000 after buying an additional 3,011 shares during the last quarter. Spire Wealth Management grew its stake in shares of Canadian National Railway by 5.0% during the 3rd quarter. Spire Wealth Management now owns 4,602 shares of the transportation company's stock valued at $498,000 after purchasing an additional 219 shares during the period. YCG LLC increased its position in shares of Canadian National Railway by 6.0% during the 4th quarter. YCG LLC now owns 250,085 shares of the transportation company's stock valued at $31,418,000 after purchasing an additional 14,249 shares during the last quarter. Manning & Napier Group LLC boosted its holdings in shares of Canadian National Railway by 7.5% in the fourth quarter. Manning & Napier Group LLC now owns 669,988 shares of the transportation company's stock worth $84,171,000 after buying an additional 46,517 shares during the last quarter. Finally, Graham Capital Management L.P. bought a new position in Canadian National Railway in the 3rd quarter worth $1,266,000. Hedge funds and other institutional investors own 80.74% of the company's stock.
Canadian National Railway Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 2.02%. The ex-dividend date is Friday, June 7th. Canadian National Railway's dividend payout ratio is currently 40.03%.
Canadian National Railway Company Profile
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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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