Atb Cap Markets Predicts TSE:CNR FY2024 Earnings

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Research analysts at Atb Cap Markets lowered their FY2024 earnings per share (EPS) estimates for Canadian National Railway in a note issued to investors on Sunday, January 19th. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings of $7.24 per share for the year, down from their previous forecast of $7.35. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.26 per share. Atb Cap Markets also issued estimates for Canadian National Railway’s Q4 2024 earnings at $1.96 EPS, Q2 2025 earnings at $2.12 EPS, Q4 2025 earnings at $2.26 EPS, Q1 2026 earnings at $2.14 EPS, Q2 2026 earnings at $2.37 EPS, Q3 2026 earnings at $2.30 EPS and Q4 2026 earnings at $2.47 EPS.

Several other brokerages have also issued reports on CNR. Wells Fargo & Company upgraded shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 7th. Barclays reduced their price objective on Canadian National Railway from C$162.00 to C$160.00 in a research note on Friday, January 17th. Sanford C. Bernstein decreased their price objective on Canadian National Railway from C$179.00 to C$173.00 in a research note on Wednesday, October 9th. ATB Capital boosted their price objective on Canadian National Railway from C$167.00 to C$168.00 in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. restated an “outperform” rating on shares of Canadian National Railway in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway presently has an average rating of “Moderate Buy” and a consensus target price of C$170.47.

Canadian National Railway Trading Up 1.0 %

Canadian National Railway stock opened at C$150.18 on Tuesday. Canadian National Railway has a 52-week low of C$143.18 and a 52-week high of C$181.34. The company has a market cap of C$94.54 billion, a P/E ratio of 17.84, a P/E/G ratio of 3.38 and a beta of 0.65. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62. The business has a 50-day simple moving average of C$149.56 and a two-hundred day simple moving average of C$154.94.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported C$1.72 EPS for the quarter, missing the consensus estimate of C$1.73 by C($0.01). Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%. During the same period in the prior year, the business posted $1.69 earnings per share.

Insider Buying and Selling

In other news, Senior Officer Ghislain Houle sold 5,741 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of C$150.82, for a total transaction of C$865,844.99. Also, Director Josephine Ann Marie Depass Olsovsky bought 1,786 shares of Canadian National Railway stock in a transaction on Wednesday, November 6th. The shares were purchased at an average cost of C$154.93 per share, for a total transaction of C$276,697.30. In the last three months, insiders have bought 5,694 shares of company stock worth $853,385. Insiders own 2.64% of the company’s stock.

Canadian National Railway Company Profile

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.