Canadian National Railway (TSE:CNR) PT Lowered to C$180.00 at Raymond James

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target trimmed by Raymond James from C$187.00 to C$180.00 in a report issued on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock. Raymond James also issued estimates for Canadian National Railway’s Q3 2024 earnings at $1.76 EPS, Q4 2024 earnings at $2.18 EPS, FY2024 earnings at $7.50 EPS and FY2025 earnings at $8.60 EPS.

A number of other research firms have also recently weighed in on CNR. TD Securities decreased their price objective on Canadian National Railway from C$185.00 to C$180.00 and set a hold rating for the company in a research report on Wednesday, July 24th. Sanford C. Bernstein cut Canadian National Railway from an outperform rating to a market perform rating and reduced their price target for the company from C$195.00 to C$179.00 in a report on Monday, July 8th. Stephens raised Canadian National Railway to a hold rating in a research note on Wednesday, July 24th. Royal Bank of Canada dropped their price target on Canadian National Railway from C$169.00 to C$160.00 and set a sector perform rating for the company in a research report on Wednesday. Finally, Barclays decreased their price objective on Canadian National Railway from C$175.00 to C$165.00 in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of C$174.93.

Canadian National Railway Price Performance

Shares of TSE CNR opened at C$161.44 on Wednesday. Canadian National Railway has a 1-year low of C$143.13 and a 1-year high of C$181.34. The company has a market cap of C$101.63 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. The stock’s 50-day moving average is C$158.80 and its two-hundred day moving average is C$167.48.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings data on Tuesday, July 23rd. The company reported C$1.84 EPS for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). The business had revenue of C$4.33 billion during the quarter, compared to analysts’ expectations of C$4.40 billion. Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. Analysts forecast that Canadian National Railway will post 8.8716518 EPS for the current fiscal year.

Canadian National Railway Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.845 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.09%. Canadian National Railway’s dividend payout ratio (DPR) is presently 40.14%.

Insider Activity

In related news, Director Shauneen Elizabeth Bruder acquired 544 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were acquired at an average price of C$160.21 per share, for a total transaction of C$87,156.42. In other Canadian National Railway news, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were bought at an average price of C$115.29 per share, for a total transaction of C$300,906.90. Also, Director Shauneen Elizabeth Bruder bought 544 shares of the company’s stock in a transaction dated Tuesday, June 25th. The stock was acquired at an average price of C$160.21 per share, for a total transaction of C$87,156.42. Corporate insiders own 1.69% of the company’s stock.

About Canadian National Railway

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.