Latest news with #CanadianNationalRailway
Business Insider
10 hours ago
- Business
- Business Insider
Analysts Offer Insights on Industrial Goods Companies: VAT Group AG (OtherVTTGF) and Canadian National Railway (CNI)
Analysts fell to the sidelines weighing in on VAT Group AG (VTTGF – Research Report) and Canadian National Railway (CNI – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks. Confident Investing Starts Here: VAT Group AG (VTTGF) In a report issued on June 5, Sebastian Kuenne from RBC Capital maintained a Hold rating on VAT Group AG, with a price target of CHF320.00. The company's shares closed last Wednesday at $341.10. Kuenne has an average return of 12.2% when recommending VAT Group AG. According to Kuenne is ranked #3148 out of 9627 analysts. Currently, the analyst consensus on VAT Group AG is a Hold with an average price target of $402.53, which is a 18.0% upside from current levels. In a report issued on May 21, Jefferies also maintained a Hold rating on the stock with a CHF290.00 price target.
Yahoo
7 days ago
- Business
- Yahoo
Norfolk Southern board chair Mongeau resigns
Claude Mongeau, the former Canadian National Railway chief executive, has resigned as chair of the Norfolk Southern board of directors, the company announced Tuesday. The resignation is for personal reasons, the railroad said. The board will elect a new chair at its next scheduled meeting later this month. 'We are deeply grateful for Claude's leadership over the past six years,' Norfolk Southern Chief Executive Mark George said in a release. 'He has put outsized time and effort into his service as the company navigated several challenges, ultimately stepping up as chair last year to successfully integrate our new board. He leaves Norfolk Southern (NYSE: NSC) a much stronger railroad than it was when he joined us.' Mongeau joined the board as an independent director in 2019. He was elected as chairman in May 2024 during a reshuffling of the board that saw five new members join, including three nominated by activist investor Ancora Holdings during its proxy fight for control of the railroad. He was CN CEO from 2010 to 2016, capping 22 years at the railroad that also saw him serve as chief financial officer and vice president, strategic and financial planning. 'I am proud of the way the current board has come together to work collaboratively and constructively alongside the management team,' Mongeau said. 'It has been an honor to serve with them. I have every confidence the company is back on the right trajectory and has what it needs for continued success.' Subscribe to FreightWaves' Rail e-newsletter and get the latest insights on rail freight right in your inbox. Find more articles by Stuart Chirls stands up shortline rail team Regulator concerns pause Watco's Michigan shortline rail deal Union Pacific battery-electric hybrid locomotive completes testing Baun joins railcar builder Greenbrier as chief commercial officer The post Norfolk Southern board chair Mongeau resigns appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
03-06-2025
- Business
- Globe and Mail
Claude Mongeau resigns as chair of Norfolk Southern, citing personal reasons
U.S. railroad operator Norfolk Southern said chairman Claude Mongeau resigned from the company's board on Tuesday, citing personal reasons. Mongeau had been an independent director on Norfolk's board since 2019, and was appointed chairman in May last year. He had previously served as president and chief executive for Canadian National Railway from 2010 to 2016. The board will elect a new chair at its next meeting later this month, the company said. Mongeau is currently also a director at Canadian oil and gas firm Cenovus Energy. Norfolk had agreed to add an independent member to its board last year, settling a long-drawn battle with activist investor Ancora Holdings over the company's governance.
Yahoo
01-06-2025
- Business
- Yahoo
Canadian National Railway Company's (TSE:CNR) Stock Been Rising: Are Strong Financials Guiding The Market?
Canadian National Railway's (TSE:CNR) stock is up by 3.1% over the past month. Given its impressive performance, we decided to study the company's key financial indicators as a company's long-term fundamentals usually dictate market outcomes. In this article, we decided to focus on Canadian National Railway's ROE. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Canadian National Railway is: 21% = CA$4.5b ÷ CA$22b (Based on the trailing twelve months to March 2025). The 'return' is the income the business earned over the last year. That means that for every CA$1 worth of shareholders' equity, the company generated CA$0.21 in profit. Check out our latest analysis for Canadian National Railway Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. At first glance, Canadian National Railway seems to have a decent ROE. Further, the company's ROE compares quite favorably to the industry average of 13%. Probably as a result of this, Canadian National Railway was able to see a decent growth of 6.7% over the last five years. As a next step, we compared Canadian National Railway's net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 8.7% in the same period. The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. What is CNR worth today? The intrinsic value infographic in our free research report helps visualize whether CNR is currently mispriced by the market. Canadian National Railway has a three-year median payout ratio of 39%, which implies that it retains the remaining 61% of its profits. This suggests that its dividend is well covered, and given the decent growth seen by the company, it looks like management is reinvesting its earnings efficiently. Besides, Canadian National Railway has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders. Based on the latest analysts' estimates, we found that the company's future payout ratio over the next three years is expected to hold steady at 42%. Accordingly, forecasts suggest that Canadian National Railway's future ROE will be 25% which is again, similar to the current ROE. On the whole, we feel that Canadian National Railway's performance has been quite good. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a respectable growth in its earnings. The latest industry analyst forecasts show that the company is expected to maintain its current growth rate. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
31-05-2025
- Business
- Yahoo
Retirement Wealth: 2 TSX Dividend Stocks for RRSP Investors
Written by Andrew Walker at The Motley Fool Canada Canadian savers are searching for good stocks to buy for their self-directed Registered Retirement Savings Plan (RRSP) portfolios focused on dividends and total returns. With the TSX near its record high and tariff uncertainty expected to provide ongoing volatility in the coming months, it makes sense to consider established companies with strong businesses that can ride out market turbulence. Canadian National Railway (TSX:CNR) increased its dividend in each of the past 25 years. The company also returns cash to shareholders through stock repurchases. In fact, the current share buyback plan will see CN repurchase and cancel up to 20 million shares of the common stock float to February 2026. CN's share price is down about 17% in the past year. This gives investors an opportunity to buy CNR stock on a meaningful pullback at a time when many TSX stocks are near 12-month highs. Labour strikes at both CN and key ports, along with delays due to wildfires in Alberta, caused most of the pain in 2024. Wildfire risks are not going to go away, but the labour disputes should be done for the next few years. The extension of the decline in the share price in 2025 can be attributed to concerns that U.S. tariffs will trigger a recession in Canada, the United States, and the broader global economy. A significant economic slowdown would impact demand for CN's services. The company carries 300 million tons of cargo across its 20,000 route-mile rail network that connects ports on the Pacific and Atlantic coasts of Canada to the Gulf coast of the United States. Near-term volatility is expected, but trade deals will get done, and economic growth will continue. CN actually expects to generate adjusted earnings-per-share (EPS) growth of 10% to 15% in 2025, even in this environment. Assuming the company hits the target, the stock might be oversold at this point. TD Bank (TSX:TD) had a rough year in 2024 due to issues in its U.S. business. American regulators put an asset cap on TD's U.S. operations and hit the bank with fines of more than US$3 billion for not having adequate systems in place to prevent money laundering at some of the U.S. branches. In 2025, the stock is on the rebound under the new CEO, who took control in February. TD sold its remaining stake in Charles Schwab for proceeds of about $20 billion. The bank is using $8 billion to buy back stock and will allocate the remaining funds to drive organic growth in Canada, along with funding other initiatives. TD just reported solid fiscal second-quarter (Q2) 2025 financial results that topped analyst expectations. Provisions for credit losses (PCL), however, continue to be high, so investors need to keep an eye on the economy. A recession could trigger a spike in unemployment in Canada and the United States, which would potentially drive higher PCL at TD and its peers. TD is trimming its staff count by 2%, or about 2,000 positions, as part of a restructuring as it works out a new growth strategy while the U.S. operations remain under the asset cap. The American market has been a core driver of growth for TD over the past two decades. TD remains very profitable and has the capital to ride out market turbulence. At the current price of nearly $93, the stock remains well below the $108 it reached in 2022. Investors who buy TD at the current level can get a dividend yield of 4.5%. CN and TD trade at reasonable prices and should deliver solid dividend growth over the coming years. If you have some cash to put to work in a self-directed RRSP, these stocks deserve to be on your radar. The post Retirement Wealth: 2 TSX Dividend Stocks for RRSP Investors appeared first on The Motley Fool Canada. 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See the Top Stocks * Returns as of 4/21/25 More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube The Motley Fool recommends Canadian National Railway. The Motley Fool has a disclosure policy. Fool contributor Andrew Walker has no position in any stock mentioned. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
