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

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Stock analysts at Raymond James reduced their FY2024 earnings 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 $7.14 for the year, down from their previous forecast of $7.37. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.26 per share.

Several other equities research analysts have also recently weighed in on CNR. Scotiabank reduced their price target on Canadian National Railway from C$180.00 to C$178.00 in a research note on Thursday. UBS Group upped their target price on shares of Canadian National Railway from C$189.00 to C$190.00 in a research report on Thursday, October 24th. Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. 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. Finally, Desjardins decreased their target price on shares of Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$170.64.

Canadian National Railway Stock Up 0.0 %

CNR stock opened at C$152.26 on Thursday. Canadian National Railway has a fifty-two week low of C$143.18 and a fifty-two week high of C$181.34. The company has a market capitalization of C$95.85 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The business’s 50 day moving average price is C$149.49 and its two-hundred day moving average price is C$154.58. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63.

Insiders Place Their Bets

In other news, Director Shauneen Elizabeth Bruder acquired 608 shares of Canadian National Railway stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average price of C$145.24 per share, for a total transaction of C$88,307.74. Also, Director Tracy Robinson bought 3,300 shares of the stock in a transaction on Wednesday, November 20th. The stock was purchased at an average cost of C$147.99 per share, for a total transaction of C$488,380.20. In the last 90 days, insiders acquired 5,694 shares of company stock valued at $853,385. 2.64% of the stock is owned by 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.