What is Raymond James' Forecast for TSE:CNR Q4 Earnings?

Canadian National Railway (TSE:CNR - Free Report) NYSE: CNI - Investment analysts at Raymond James lowered their Q4 2024 earnings per share estimates for shares of Canadian National Railway in a note issued to investors on Monday, January 27th. Raymond James analyst S. Hansen now forecasts that the company will earn $1.86 per share for the quarter, down from their previous forecast of $2.09. The consensus estimate for Canadian National Railway's current full-year earnings is $8.26 per share. Raymond James also issued estimates for Canadian National Railway's Q1 2025 earnings at $1.98 EPS, Q2 2025 earnings at $1.95 EPS, Q3 2025 earnings at $1.94 EPS, Q4 2025 earnings at $2.03 EPS, FY2025 earnings at $7.90 EPS and FY2026 earnings at $8.95 EPS.

Several other research firms have also recently issued reports on CNR. Veritas raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. reissued an "outperform" rating on shares of Canadian National Railway in a research note on Tuesday, January 7th. ATB Capital raised their price objective on Canadian National Railway from C$167.00 to C$168.00 in a report on Wednesday, October 23rd. Wells Fargo & Company upgraded Canadian National Railway from an "equal weight" rating to an "overweight" rating in a report on Monday, October 7th. Finally, Sanford C. Bernstein cut their price target on Canadian National Railway from C$179.00 to C$173.00 in a research note on Wednesday, October 9th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Canadian National Railway presently has an average rating of "Buy" and an average price target of C$170.64.

Canadian National Railway Trading Down 0.3 %

Shares of TSE CNR traded down C$0.44 during mid-day trading on Wednesday, reaching C$151.82. The company had a trading volume of 1,816,071 shares, compared to its average volume of 946,922. The stock has a market cap of C$95.57 billion, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. Canadian National Railway has a 52 week low of C$143.18 and a 52 week high of C$181.34. The business's 50-day moving average is C$149.42 and its 200-day moving average is C$154.51. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62.

Insider Buying and Selling at Canadian National Railway

In related news, Director Josephine Ann Marie Depass Olsovsky bought 1,786 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was bought at an average cost of C$154.93 per share, for a total transaction of C$276,697.30. Also, Director Shauneen Elizabeth Bruder bought 608 shares of the company's stock in a transaction on Monday, December 23rd. The shares were bought at an average cost of C$145.24 per share, for a total transaction of C$88,307.74. Insiders bought a total of 5,694 shares of company stock worth $853,385 over the last three months. Corporate insiders own 2.64% 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.