FY2024 Earnings Estimate for TSE:CNR Issued By Raymond James

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Analysts at Raymond James decreased their FY2024 earnings estimates for Canadian National Railway in a research note issued on Monday, January 27th. Raymond James analyst S. Hansen now anticipates that the company will post earnings per share of $7.14 for the year, down from their prior forecast of $7.37. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.26 per share.

CNR has been the subject of several other research reports. Veritas raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. Sanford C. Bernstein reduced their price target on shares of Canadian National Railway from C$179.00 to C$173.00 in a research report on Wednesday, October 9th. Barclays lowered their price objective on shares of Canadian National Railway from C$162.00 to C$160.00 in a research report on Friday, January 17th. Wells Fargo & Company upgraded Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 7th. Finally, JPMorgan Chase & Co. reiterated an “outperform” rating on shares of Canadian National Railway in a research report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat.com, Canadian National Railway has an average rating of “Buy” and a consensus target price of C$170.64.

Canadian National Railway Stock Performance

Shares of TSE CNR opened at C$151.82 on Thursday. Canadian National Railway has a one year low of C$143.18 and a one year high of C$181.34. The firm has a market cap of C$95.57 billion, a price-to-earnings ratio of 18.03, a P/E/G ratio of 3.38 and a beta of 0.65. The stock’s fifty day moving average price is C$149.49 and its two-hundred day moving average price is C$154.56. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58.

Insider Activity

In other news, Director Tracy Robinson purchased 3,300 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average price of C$147.99 per share, with a total value of C$488,380.20. Also, Director Josephine Ann Marie Depass Olsovsky acquired 1,786 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were acquired at an average cost of C$154.93 per share, for a total transaction of C$276,697.30. Insiders bought a total of 5,694 shares of company stock worth $853,385 over the last quarter. Insiders own 2.64% of the company’s stock.

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.