Canadian National Railway (TSE:CNR – Get Rating) (NYSE:CNI) – Investment analysts at National Bank Financial have upgraded their Q3 2022 earnings estimates for Canadian National Railway stocks in a research report published on Wednesday, September 21. National Bank financial analyst C. Doerksen now forecasts that the company will report earnings per share of $1.98 for the quarter, up from its previous guidance of $1.97. The consensus estimate for Canadian National Railway’s most recent full-year earnings is $7.87 per share. National Bank Financial also released estimates for Canadian National Railway earnings of $2.03 per share for fourth quarter 2022, $7.26 per share for fiscal 2022, $1.65 per share for first quarter 2023, in fourth quarter 2023 of $2.19 per share, fiscal 2023 of $7.94 per share and fiscal 2024 of $8.66 per share.
Canadian National Railway (TSE:CNR – Get Rating) (NYSE:CNI) last announced earnings results on Tuesday, July 26th. The company reported $1.93 per share for the quarter, beating the consensus estimate of $1.77 by $0.16. The company had revenue of CA$4.34 billion for the quarter, compared to the consensus estimate of CA$4.12 billion.
Several other research analysts have also recently issued reports on CNR. Evercore ISI downgraded Canadian National Railway shares to hold and set a price target of CAD$129.00 for the stock. in a report on Monday 22 August. CIBC has upgraded shares of Canadian National Railway to a “buy” rating from a “neutral” rating and set a price target of CAD$167.00 for the stock in a report on Thursday, June 2nd. National Bankshares increased its price target on shares of Canadian National Railway to C$173.00 from C$166.00 in a report Thursday. The Royal Bank of Canada has raised its price target for Canadian National Railway shares to CAD163.00 from CAD160.00 and gave the company a sector perform rating in a research report on Wednesday, July 27. Finally, Atlantic Securities reiterated a hold rating and price target of $169.00 (up from $173.00) on shares in Canadian National Railway in a research report on Tuesday, June 28th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $154.05.
Canadian National Railway share price development
TSE:CNR opened at CAD$153.51 on Friday. The company’s 50-day moving average is $157.87 and the 200-day moving average is $153.95. Canadian National Railway has a 52-week low of C$137.26 and a 52-week high of C$171.48. The company has a debt to equity ratio of 68.21, a quick ratio of 0.39 and a current ratio of 0.71. The company has a market capitalization of CA$104.71 billion and a price-to-earnings ratio of 21.09.
Canadian National Railway announces dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 8 will receive a dividend of $0.7325 per share. That equates to a dividend of $2.93 on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Wednesday September 7th. Canadian National Railway’s Dividend Payout Ratio (DPR) is 37.02%.
Insider buying and selling
In related news, Senior Officer Sean Finn sold 1,255 shares of the company’s stock in a transaction that took place on Thursday, August 4th. The shares were sold at an average price of $162.35 for a total transaction of $203,749.25. Upon completion of the sale, the insider now directly owns 20,893 shares of the company’s stock valued at $3,391,978.55.
Canadian National Railway Company Profile
The Canadian National Railway Company, together with its subsidiaries, is engaged in the railroad and related transportation business. The company’s product portfolio includes petroleum and chemicals, grains and fertilizers, coal, metals and minerals, forest products, intermodal and automotive products for exporters, importers, retailers, farmers and manufacturers.
This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team before publication. Please send questions or comments about this story to [email protected]
Before you consider the Canadian National Railway, you should hear this.
MarketBeat tracks Wall Street’s best-in-class, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are whispering to their clients to buy now, before the broader market takes hold… and the Canadian National Railway wasn’t on the list.
While Canadian National Railway is currently rated a Hold by analysts, top analysts believe these five stocks are better buys.
Check out the five stocks here