Research Analysts Offer Predictions for Canadian National Railway’s Q1 2024 Earnings (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Equities research analysts at Raymond James lowered their Q1 2024 earnings per share (EPS) estimates for shares of Canadian National Railway in a research note issued to investors on Monday, April 22nd. Raymond James analyst S. Hansen now anticipates that the company will post earnings of $1.73 per share for the quarter, down from their previous forecast of $1.74. Raymond James has a “Outperform” rating and a $190.00 price objective on the stock. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.01 per share. Raymond James also issued estimates for Canadian National Railway’s Q2 2024 earnings at $1.99 EPS and Q4 2024 earnings at $2.25 EPS.

Several other brokerages also recently weighed in on CNR. CIBC lifted their target price on Canadian National Railway from C$177.00 to C$183.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. BMO Capital Markets lifted their price target on Canadian National Railway from C$185.00 to C$195.00 in a research report on Monday, April 1st. Desjardins lifted their price target on Canadian National Railway from C$189.00 to C$195.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Veritas Investment Research cut Canadian National Railway from a “buy” rating to a “reduce” rating and set a C$168.00 price target on the stock. in a research report on Wednesday, January 24th. Finally, Sanford C. Bernstein lifted their price target on Canadian National Railway from C$191.00 to C$195.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, Canadian National Railway presently has an average rating of “Hold” and an average price target of C$184.50.

Canadian National Railway Stock Down 4.8 %

Shares of Canadian National Railway stock opened at C$168.35 on Tuesday. The business’s fifty day moving average price is C$176.07 and its two-hundred day moving average price is C$165.60. The company has a debt-to-equity ratio of 93.89, a current ratio of 0.61 and a quick ratio of 0.58. The company has a market capitalization of C$107.78 billion, a P/E ratio of 19.74, a PEG ratio of 2.06 and a beta of 0.65. Canadian National Railway has a 1-year low of C$143.13 and a 1-year high of C$181.34.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its earnings results on Tuesday, January 23rd. The company reported C$2.02 earnings per share for the quarter, beating the consensus estimate of C$1.96 by C$0.06. The firm had revenue of C$4.47 billion for the quarter, compared to the consensus estimate of C$4.38 billion. Canadian National Railway had a return on equity of 27.11% and a net margin of 33.43%.

Insider Buying and Selling at Canadian National Railway

In other Canadian National Railway news, Senior Officer Derek Michael Taylor sold 2,610 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of C$131.26, for a total value of C$342,577.38. In other news, Senior Officer Derek Michael Taylor sold 2,610 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of C$131.26, for a total transaction of C$342,577.38. Also, Director Shauneen Elizabeth Bruder purchased 488 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were bought at an average price of C$177.40 per share, with a total value of C$86,571.20. Corporate insiders own 1.67% of the company’s stock.

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.