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

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Equities researchers at Raymond James dropped their FY2024 earnings per share (EPS) estimates for shares of Canadian National Railway in a report released 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 prior forecast of $7.37. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.26 per share.

A number of other research firms have also weighed in on CNR. Evercore ISI upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Scotiabank reduced their price objective on Canadian National Railway from C$180.00 to C$178.00 in a research note on Monday, January 20th. TD Securities upgraded Canadian National Railway from a “hold” rating to a “buy” rating and reduced their price objective for the company from C$175.00 to C$170.00 in a research note on Monday, January 13th. JPMorgan Chase & Co. restated an “outperform” rating on shares of Canadian National Railway in a research report on Tuesday, January 7th. Finally, Sanford C. Bernstein dropped their target price on Canadian National Railway from C$179.00 to C$173.00 in a research report on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$170.64.

Canadian National Railway Stock Performance

TSE CNR opened at C$152.23 on Thursday. 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 firm has a market capitalization of C$95.83 billion, a P/E ratio of 18.08, a PEG 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 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 Canadian National Railway news, Senior Officer Ghislain Houle sold 5,741 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of C$150.82, for a total value of C$865,844.99. Also, Director Josephine Ann Marie Depass Olsovsky bought 1,786 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was purchased at an average cost of C$154.93 per share, for a total transaction of C$276,697.30. Insiders have acquired 5,694 shares of company stock valued at $853,385 in the last ninety days. 2.64% of the stock is currently owned by corporate 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.