What is Raymond James’ Estimate for TSE:CNR FY2024 Earnings?

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Investment analysts at Raymond James upped their FY2024 earnings estimates for Canadian National Railway in a research note issued to investors on Wednesday, October 23rd. Raymond James analyst S. Hansen now forecasts that the company will earn $7.37 per share for the year, up from their previous forecast of $7.35. Raymond James has a “Outperform” rating and a $180.00 price objective on the stock. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.26 per share.

Several other research analysts have also commented on CNR. Wells Fargo & Company upgraded Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 7th. Barclays reduced their price target on shares of Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating for the company in a research report on Wednesday, September 25th. ATB Capital increased their price target on shares of Canadian National Railway from C$167.00 to C$168.00 in a research note on Wednesday, October 23rd. Veritas upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, Scotiabank decreased their target price on shares of Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a research note on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Canadian National Railway has an average rating of “Moderate Buy” and an average target price of C$171.07.

Canadian National Railway Stock Up 0.5 %

Canadian National Railway stock opened at C$154.25 on Monday. The company has a market capitalization of C$97.10 billion, a P/E ratio of 18.32, a PEG ratio of 3.38 and a beta of 0.65. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63. Canadian National Railway has a fifty-two week low of C$144.23 and a fifty-two week high of C$181.34. The stock has a 50-day simple moving average of C$157.32 and a 200-day simple moving average of C$163.91.

Canadian National Railway Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be given a $0.845 dividend. This represents a $3.38 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway’s payout ratio is 40.14%.

Insider Buying and Selling at Canadian National Railway

In related news, Director David Lund Freeman bought 1,000 shares of the stock in a transaction on Thursday, October 24th. The shares were bought at an average cost of C$152.57 per share, for a total transaction of C$152,572.80. In other news, Director Susan C. Jones purchased 1,230 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was acquired at an average price of C$162.05 per share, for a total transaction of C$199,324.82. Also, Director David Lund Freeman purchased 1,000 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were purchased at an average cost of C$152.57 per share, with a total value of C$152,572.80. Over the last quarter, insiders acquired 2,773 shares of company stock valued at $437,437. 2.64% of the stock is owned by company 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.