FY2024 EPS Estimates for TSE:CNR Reduced by Raymond James

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

Other equities analysts have also recently issued research reports about the stock. National Bankshares dropped their target price on shares of Canadian National Railway from C$181.00 to C$178.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Wells Fargo & Company raised Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 7th. Veritas raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. ATB Capital boosted their price target on shares of Canadian National Railway from C$167.00 to C$168.00 in a report on Wednesday, October 23rd. Finally, Scotiabank decreased their price objective on shares of Canadian National Railway from C$180.00 to C$178.00 in a report on Thursday. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$170.64.

Canadian National Railway Stock Performance

Shares of CNR stock opened at C$152.26 on Thursday. Canadian National Railway has a one year low of C$143.18 and a one year high of C$181.34. The company has a market cap of C$95.85 billion, a P/E ratio of 18.08, a P/E/G ratio of 3.38 and a beta of 0.65. The firm has a 50-day moving average of C$149.49 and a 200-day moving average of C$154.58. 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 Canadian National Railway news, Director Shauneen Elizabeth Bruder acquired 608 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average price of C$145.24 per share, with a total value of C$88,307.74. Also, Director Josephine Ann Marie Depass Olsovsky bought 1,786 shares of the firm’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. Insiders have purchased a total of 5,694 shares of company stock worth $853,385 over the last ninety days. Company insiders own 2.64% 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.