Research Analysts Set Expectations for TSE:CNR Q4 Earnings

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Stock analysts at Raymond James cut their Q4 2024 earnings per share estimates for shares of Canadian National Railway in a research report issued to clients and investors on Monday, January 27th. Raymond James analyst S. Hansen now expects that the company will post earnings of $1.86 per share for the quarter, down from their previous estimate of $2.09. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.26 per share. Raymond James also issued estimates for Canadian National Railway’s Q1 2025 earnings at $1.98 EPS, Q2 2025 earnings at $1.95 EPS, Q3 2025 earnings at $1.94 EPS, Q4 2025 earnings at $2.03 EPS, FY2025 earnings at $7.90 EPS and FY2026 earnings at $8.95 EPS.

Several other equities research analysts have also recently commented on the company. ATB Capital lifted their target price on Canadian National Railway from C$167.00 to C$168.00 in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. reiterated an “outperform” rating on shares of Canadian National Railway in a research report on Tuesday, January 7th. Barclays cut their target price on shares of Canadian National Railway from C$162.00 to C$160.00 in a research report on Friday, January 17th. Royal Bank of Canada raised shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$169.00 to C$179.00 in a research note on Thursday, October 10th. Finally, Scotiabank reduced their price objective on shares of Canadian National Railway from C$180.00 to C$178.00 in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, Canadian National Railway currently has a consensus rating of “Buy” and an average target price of C$170.64.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock opened at C$152.26 on Wednesday. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. The firm has a 50 day simple moving average of C$149.49 and a 200 day simple moving average of C$154.58. Canadian National Railway has a fifty-two week low of C$143.18 and a fifty-two week high of C$181.34. The firm has a market cap of C$95.85 billion, a P/E ratio of 18.08, a P/E/G ratio of 3.38 and a beta of 0.65.

Insider Buying and Selling

In other news, Director Tracy Robinson bought 3,300 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average price of C$147.99 per share, with a total value of C$488,380.20. Also, Director Shauneen Elizabeth Bruder purchased 608 shares of Canadian National Railway stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of C$145.24 per share, with a total value of C$88,307.74. In the last three months, insiders acquired 5,694 shares of company stock valued at $853,385. 2.64% of the stock is owned by corporate insiders.

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.