Streetbeat News

CNI

Canadian National Railway Company

https://www.cn.ca

Industry

Railroads

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of 19,500 route miles of track spanning Canada and the United States. The company also provides vessels and docks, transloading and distribution, automotive logistics, and freight forwarding and transportation management services. Canadian National Railway Company was incorporated in 1919 and is headquartered in Montreal, Canada.

Open

109.35

Mkt cap

68B

Volume

1.4M

High

110.00

P/E Ratio

18.03

52-wk high

134.02

Low

108.64

Div yield

0.02

52-wk low

107.54

B of A Securities analyst Ken Hoexter maintains a Neutral rating on Canadian National Railway (CNI) and raises the price target from $131 to $140.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 5:56 pm

Bill Ackman, founder of Pershing Square Capital Management, earned $610 million in 2023, ranking him No. 7 among hedge fund founders. Pershing Square achieved a 26.7% gain with a focused portfolio of eight stocks, slightly outperforming the S&P 500 but trailing the Nasdaq 100. Top holdings include Chipotle (CMG), Restaurant Brands (QSR), and Hilton (HLT), contributing significantly to the portfolio's performance. Other notable hedge fund earners were Millennium's Izzy Englander and Citadel's Ken Griffin.

Portfolio Pulse from Piero Cingari

February 20, 2024 | 2:32 pm

RBC Capital analyst Walter Spracklin has maintained a 'Sector Perform' rating on Canadian National Railway (CNI) and increased the price target from C$158 to C$164.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 4:00 pm

Wells Fargo analyst Allison Poliniak has maintained an Equal-Weight rating on Canadian National Railway (NYSE:CNI) and increased the price target from $110 to $125.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:16 pm

Canadian National Railway (NYSE:CNI) reported Q4 earnings with an EPS of $1.48, slightly above the estimate of $1.46, marking a 1.37% beat. However, revenue decreased by $97 million compared to the same period last year. In the previous quarter, a minor EPS beat was followed by a slight increase in share price.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 9:25 pm

Canadian National Railway (CN) has announced a new share buyback program, under which the company intends to repurchase up to 32 million of its shares. This move is typically seen as a sign of confidence by the company in its financial health and future prospects. Share buybacks often lead to a reduction in the number of shares outstanding, potentially increasing earnings per share and the stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:10 pm

Canadian National Railway (CNI) has increased its quarterly dividend from $0.79 to $0.845 per share, signaling confidence in its financial stability and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:09 pm

Canadian National Railway (CNI) reported Q4 2023 adjusted earnings per share (EPS) of $2.02, surpassing the estimated $1.99. However, their sales of $4.47 million fell short of the expected $4.37 billion.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:07 pm

Earnings reports for January 23, 2024, are scheduled for a wide range of companies across various sectors. Notable companies reporting before the bell include Lockheed Martin, Procter & Gamble, Johnson & Johnson, and General Electric, with expectations of earnings per share (EPS) ranging from $0.40 to $7.26. After the bell, companies such as Netflix, Texas Instruments, and Intuitive Surgical are expected to report, with EPS estimates ranging from a loss of $0.04 to a profit of $2.66. The revenue forecasts for these companies vary significantly, from as low as $16.70 million to as high as $34.58 billion.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 10:03 am

Canadian National Railway (NYSE:CNI) is expected to release its quarterly earnings report on January 23, 2024. Analysts predict an EPS of $1.46. Investors are looking for an earnings beat and positive guidance for future growth. Historically, CNI's stock price has shown sensitivity to earnings performance and guidance rather than just earnings beats or misses. Last quarter, CNI beat the EPS estimate by $0.01, resulting in a 0.54% stock price increase the following day. Over the past year, CNI shares have risen by 1.39%, with the stock currently trading at $126.15.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 4:01 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.