TSE:CNR FY2024 EPS Forecast Cut by Atb Cap Markets

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Atb Cap Markets decreased their FY2024 earnings per share (EPS) estimates for shares of Canadian National Railway in a report released on Sunday, January 19th. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings per share of $7.24 for the year, down from their previous forecast of $7.35. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.26 per share. Atb Cap Markets also issued estimates for Canadian National Railway’s Q4 2024 earnings at $1.96 EPS, Q2 2025 earnings at $2.12 EPS, Q4 2025 earnings at $2.26 EPS, Q1 2026 earnings at $2.14 EPS, Q2 2026 earnings at $2.37 EPS, Q3 2026 earnings at $2.30 EPS and Q4 2026 earnings at $2.47 EPS.

A number of other brokerages have also commented on CNR. Sanford C. Bernstein decreased their price target on shares of Canadian National Railway from C$179.00 to C$173.00 in a report on Wednesday, October 9th. UBS Group raised their price target on Canadian National Railway from C$189.00 to C$190.00 in a research report on Thursday, October 24th. Citigroup upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Desjardins decreased their price objective on Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada raised Canadian National Railway from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$169.00 to C$179.00 in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$170.47.

Canadian National Railway Stock Performance

TSE:CNR opened at C$148.65 on Tuesday. The stock has a market cap of C$93.58 billion, a P/E ratio of 17.65, a PEG ratio of 3.38 and a beta of 0.65. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62. The business’s 50-day moving average price is C$149.70 and its two-hundred day moving average price is C$155.04. Canadian National Railway has a twelve month low of C$143.18 and a twelve month high of C$181.34.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its earnings results on Tuesday, October 22nd. The company reported C$1.72 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.73 by C($0.01). Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%. During the same quarter in the previous year, the firm earned $1.69 earnings per share.

Insider Buying and Selling at Canadian National Railway

In related news, Senior Officer Ghislain Houle sold 5,741 shares of Canadian National Railway stock in a transaction dated Friday, November 1st. The shares were sold at an average price of C$150.82, for a total transaction of C$865,844.99. Also, Director Josephine Ann Marie Depass Olsovsky acquired 1,786 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was acquired at an average price of C$154.93 per share, for a total transaction of C$276,697.30. In the last three months, insiders have bought 6,694 shares of company stock valued at $1,005,958. 2.64% of the stock is currently 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.