Raymond James Has Negative Outlook for TSE:CNR Q4 Earnings

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Research analysts at Raymond James decreased their Q4 2024 earnings per share (EPS) estimates for Canadian National Railway in a research report issued on Monday, January 27th. Raymond James analyst S. Hansen now forecasts that the company will post earnings per share of $1.86 for the quarter, down from their previous forecast 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.

A number of other brokerages also recently commented on CNR. Scotiabank decreased their target price on Canadian National Railway from C$180.00 to C$178.00 in a report on Monday, January 20th. Royal Bank of Canada raised shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$169.00 to C$179.00 in a research note on Thursday, October 10th. Wells Fargo & Company raised shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 7th. UBS Group lifted their price objective on Canadian National Railway from C$189.00 to C$190.00 in a research report on Thursday, October 24th. Finally, ATB Capital increased their target price on Canadian National Railway from C$167.00 to C$168.00 in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$170.64.

Canadian National Railway Trading Up 0.6 %

TSE CNR opened at C$152.23 on Wednesday. The stock has a market cap of C$95.83 billion, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. Canadian National Railway has a fifty-two week low of C$143.18 and a fifty-two week high of C$181.34. The stock has a 50 day simple moving average of C$149.44 and a two-hundred day simple moving average of C$154.59. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63.

Insider Activity

In related news, Senior Officer Ghislain Houle sold 5,741 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of C$150.82, for a total transaction of C$865,844.99. Also, Director Tracy Robinson purchased 3,300 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average cost of C$147.99 per share, for a total transaction of C$488,380.20. Insiders acquired 5,694 shares of company stock valued at $853,385 in the last quarter. 2.64% of the stock is currently owned by insiders.

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.