TSE:CNR Q3 EPS Forecast Reduced by National Bank Financial

Key Points

• National Bank Financial has reduced its Q3 2025 earnings per share (EPS) forecast for Canadian National Railway from $1.83 to $1.79, maintaining a "Hold" rating on the stock.
• The company is declaring a quarterly dividend of $0.8875 per share, which equates to an annualized dividend of $3.55 and offers a yield of 2.8%.
• Recent analyst activity indicates a trend of decreasing price targets among various brokerages, with TD Securities lowering their target from C$168.00 to C$165.00 while maintaining a "buy" rating.

Canadian National Railway (TSE:CNR - Free Report) NYSE: CNI - Investment analysts at National Bank Financial cut their Q3 2025 earnings estimates for Canadian National Railway in a research report issued on Wednesday, September 17th. National Bank Financial analyst C. Doerksen now expects that the company will earn $1.79 per share for the quarter, down from their prior forecast of $1.83. 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. National Bank Financial also issued estimates for Canadian National Railway's Q4 2025 earnings at $2.05 EPS, FY2025 earnings at $7.56 EPS, FY2026 earnings at $8.10 EPS and FY2027 earnings at $8.85 EPS.

Other research analysts have also issued research reports about the stock. Barclays cut their price target on shares of Canadian National Railway from C$145.00 to C$135.00 in a research note on Wednesday, July 23rd. ATB Capital dropped their price objective on shares of Canadian National Railway from C$155.00 to C$150.00 and set a "sector perform" rating for the company in a report on Wednesday, July 23rd. Scotiabank lowered their price target on shares of Canadian National Railway from C$165.00 to C$153.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Raymond James Financial upgraded shares of Canadian National Railway from a "hold" rating to a "moderate buy" rating and raised their target price for the stock from C$150.00 to C$162.00 in a research note on Thursday, July 17th. Finally, Argus upgraded shares of Canadian National Railway to a "hold" rating in a report on Friday, June 27th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Canadian National Railway presently has a consensus rating of "Moderate Buy" and an average price target of C$155.79.

Canadian National Railway Price Performance

Shares of TSE:CNR traded up C$0.20 on Friday, reaching C$127.38. The company's stock had a trading volume of 307,883 shares, compared to its average volume of 1,498,554. Canadian National Railway has a 52-week low of C$126.11 and a 52-week high of C$160.88. The company has a debt-to-equity ratio of 107.59, a quick ratio of 0.58 and a current ratio of 0.64. The company has a 50-day simple moving average of C$131.39 and a 200 day simple moving average of C$137.59. The company has a market cap of C$79.51 billion, a P/E ratio of 17.57, a PEG ratio of 3.38 and a beta of 0.93.

Canadian National Railway Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 29th will be issued a $0.8875 dividend. The ex-dividend date is Monday, September 8th. This represents a $3.55 annualized dividend and a yield of 2.8%. Canadian National Railway's dividend payout ratio (DPR) is currently 47.79%.

Insider Transactions at Canadian National Railway

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 7,600 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were acquired at an average cost of C$131.40 per share, with a total value of C$998,624.04. Also, Director Susan C. Jones acquired 1,520 shares of the firm's stock in a transaction on Thursday, July 24th. The stock was purchased at an average cost of C$130.96 per share, for a total transaction of C$199,065.28. In the last 90 days, insiders have acquired 9,747 shares of company stock worth $1,285,138. Company insiders own 2.64% of the company's stock.

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%).