FY2025 Earnings Estimate for CNI Issued By Raymond James

Canadian National Railway (NYSE:CNI) (TSE:CNR) – Investment analysts at Raymond James cut their FY2025 earnings estimates for Canadian National Railway in a research report issued on Monday, January 27th. Raymond James analyst S. Hansen now expects that the transportation company will post earnings per share of $5.45 for the year, down from their previous forecast of $5.98. The consensus estimate for Canadian National Railway’s current full-year earnings is $5.15 per share.

A number of other equities analysts also recently commented on the stock. The Goldman Sachs Group reduced their target price on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. Stifel Nicolaus raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and reduced their target price for the stock from $132.00 to $120.00 in a research note on Thursday, January 16th. TD Securities raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Wells Fargo & Company reduced their price target on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Finally, Sanford C. Bernstein reduced their price target on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.02.

Canadian National Railway Stock Performance

NYSE:CNI opened at $105.02 on Thursday. The company’s 50-day moving average price is $104.70 and its 200-day moving average price is $111.12. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. The company has a market cap of $66.04 billion, a P/E ratio of 16.83, a P/E/G ratio of 2.36 and a beta of 0.91. Canadian National Railway has a twelve month low of $98.96 and a twelve month high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%.

Hedge Funds Weigh In On Canadian National Railway

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in shares of Canadian National Railway by 4.4% during the 3rd quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock worth $2,175,935,000 after purchasing an additional 790,420 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Canadian National Railway by 46.5% in the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock valued at $789,030,000 after purchasing an additional 2,137,948 shares during the last quarter. Fiera Capital Corp grew its stake in shares of Canadian National Railway by 2.6% during the 4th quarter. Fiera Capital Corp now owns 5,624,594 shares of the transportation company’s stock valued at $570,550,000 after buying an additional 142,070 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Canadian National Railway by 5.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company’s stock worth $464,002,000 after buying an additional 202,303 shares during the period. Finally, Geode Capital Management LLC grew its position in Canadian National Railway by 6.6% during the third quarter. Geode Capital Management LLC now owns 2,562,480 shares of the transportation company’s stock valued at $302,895,000 after acquiring an additional 158,757 shares during the period. 80.74% of the stock is owned by institutional investors and hedge funds.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.