Raymond James Has Bearish Estimate for CNI FY2024 Earnings

Canadian National Railway (NYSE:CNI) (TSE:CNR) – Research analysts at Raymond James cut their FY2024 EPS estimates for shares of Canadian National Railway in a note issued to investors on Monday, January 27th. Raymond James analyst S. Hansen now forecasts that the transportation company will post earnings of $4.93 per share for the year, down from their previous forecast of $5.31. The consensus estimate for Canadian National Railway’s current full-year earnings is $5.15 per share. Raymond James also issued estimates for Canadian National Railway’s Q4 2024 earnings at $1.28 EPS, Q1 2025 earnings at $1.37 EPS, Q2 2025 earnings at $1.35 EPS, Q3 2025 earnings at $1.34 EPS, Q4 2025 earnings at $1.40 EPS and FY2026 earnings at $6.18 EPS.

CNI has been the topic of several other research reports. Bank of America reduced their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Veritas raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. Sanford C. Bernstein dropped their target price on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a report on Wednesday, October 9th. Benchmark restated a “hold” rating on shares of Canadian National Railway in a report on Thursday, October 24th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $174.00 price objective on shares of Canadian National Railway in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Canadian National Railway has an average rating of “Moderate Buy” and a consensus price target of $124.02.

Canadian National Railway Trading Up 0.4 %

Shares of CNI stock opened at $105.51 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. Canadian National Railway has a fifty-two week low of $98.96 and a fifty-two week high of $134.02. The firm’s 50 day moving average price is $104.72 and its two-hundred day moving average price is $111.16. The stock has a market cap of $66.35 billion, a price-to-earnings ratio of 16.91, a price-to-earnings-growth ratio of 2.36 and a beta of 0.91.

Institutional Trading of Canadian National Railway

Several institutional investors have recently added to or reduced their stakes in CNI. Fortitude Family Office LLC lifted its stake in Canadian National Railway by 738.7% in the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after buying an additional 229 shares during the last quarter. Arlington Trust Co LLC bought a new position in Canadian National Railway in the 4th quarter worth about $30,000. Coastline Trust Co bought a new position in Canadian National Railway in the 3rd quarter worth about $34,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after buying an additional 108 shares during the last quarter. Finally, Reston Wealth Management LLC acquired a new position in shares of Canadian National Railway during the third quarter worth approximately $41,000. Institutional investors own 80.74% 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.