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If you’ve been considering adding Canadian National Railway (TSX:CNR) to your portfolio, now is a great time to take a closer look. Trading at approximately $143.89, this iconic Canadian stock hasn’t been this cheap in years. Its current valuation, combined with strong fundamentals and a robust history of dividend payments, makes it a compelling buy for both growth and income-focused investors. Let’s dive into why now might be the perfect opportunity to buy into this TSX stalwart.
Into earnings
CNR stock’s recent earnings report for the third quarter (Q3) of 2024 showcased its operational strength despite broader economic challenges. The company posted quarterly revenue growth of 3.1% year over year — a testament to its ability to adapt to fluctuating market conditions. While quarterly earnings dipped slightly by 2.1%, this was largely due to temporary factors, including supply chain…
