Canadian National Railway (TSE:CNR) upgraded to strong buy at National Bank Financial

National Bank Financial upgraded shares of Canadian National Railway (TSE:CNR – Free Report) (NYSE:CNI) from a Hold rating to a Strong Buy rating in a report issued Wednesday morning, Zacks.com reports. National Bank Financial also released estimates for Canadian National Railway’s fourth-quarter 2024 earnings of $2.34 per share and fiscal 2024 earnings of $8.06 per share.

Several other equities analysts have also commented on CNR. TD Securities increased their price target on Canadian National Railway from C$185.00 to C$190.00 and gave the company a hold rating in a research note on Wednesday, April 24th. Royal Bank of Canada increased their price target on Canadian National Railway from C$171.00 to C$172.00 and gave the company a sector perform rating in a research note on Wednesday, April 24th. Barclays increased their price target on Canadian National Railway from C$170.00 to C$175.00 in a research note on Thursday, April 4th. CIBC increased their price target on Canadian National Railway from C$177.00 to C$183.00 and gave the company a neutral rating in a research note on Wednesday, March 27th. Finally, Raymond James raised their price target on Canadian National Railway from C$185.00 to C$190.00 and gave the company an outperform rating in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of C$184.00.

Check out our latest report on CNR

Canadian National Railway Stock Performance

TSE CNR opened at C$161.66 on Wednesday. Canadian National Railway has a 52-week low of C$143.13 and a 52-week high of C$181.34. The stock has a market cap of C$102.85 billion, a price-to-earnings ratio of 19.71, a price-to-earnings growth ratio of 2.06 and a beta of 0.66. The company has a 50-day moving average of C$169.50 and a 200-day moving average of C$171.00. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 101.48.

Canadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI) last reported its quarterly results on Tuesday, April 23. The company reported earnings per share of €1.72 for the quarter, surpassing analyst consensus expectations of €1.72. The company had revenue of C$4.25 billion during the quarter, compared to analyst expectations of C$4.29 billion. Canadian National Railway had a return on equity of 27.06% and a net margin of 32.86%. As a group, analysts predict that Canadian National Railway will post earnings per share of 7.7897884 for the current fiscal year.

Canadian National Railway Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28. Shareholders of record on Friday, June 7, received a dividend of $0.845. This represents a dividend of $3.38 annually and a dividend yield of 2.09%. The ex-dividend date was Friday, June 7. Canadian National Railway’s payout ratio is 41.22%.

Insider transactions at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder bought 544 shares of the company’s stock in a transaction dated Tuesday, June 25. The shares were purchased at an average price of C$160.21 per share, for a total value of C$87,156.42. Company insiders own 1.69% of the company’s shares.

About Canadian National Railway

(Get a free report)

Canadian National Railway Company, together with its subsidiaries, engages in rail, intermodal, truck and marine transportation and logistics activities in Canada and the United States. The company provides rail services including equipment, customs brokerage services, transshipment and distribution, business development and real estate, and private vehicle storage services; and intermodal services, such as temperature-controlled freight, port partnerships and logistics parks.

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