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

Canadian National Railway (TSE:CNR - Free Report) NYSE: CNI - Stock analysts at Raymond James decreased their FY2024 earnings per share (EPS) estimates for shares of Canadian National Railway in a research note issued on Monday, January 27th. Raymond James analyst S. Hansen now anticipates 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.

Several other equities analysts have also recently weighed in on CNR. Sanford C. Bernstein dropped their price objective on Canadian National Railway from C$179.00 to C$173.00 in a research note on Wednesday, October 9th. Evercore ISI raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report 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 report on Monday, October 7th. ATB Capital upped their target price on Canadian National Railway from C$167.00 to C$168.00 in a report on Wednesday, October 23rd. Finally, Scotiabank dropped their price target on Canadian National Railway from C$180.00 to C$178.00 in a report on Thursday. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of C$170.64.

Canadian National Railway Stock Down 0.1 %

Shares of CNR stock traded down C$0.08 during trading hours on Thursday, reaching C$152.15. The company had a trading volume of 570,423 shares, compared to its average volume of 883,681. The business has a fifty day simple moving average of C$149.49 and a 200-day simple moving average of C$154.58. Canadian National Railway has a 12 month low of C$143.18 and a 12 month high of C$181.34. The company has a market cap of C$95.78 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. 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 news, Senior Officer Ghislain Houle sold 5,741 shares of the company's stock in a transaction on Friday, November 1st. The shares were sold at an average price of C$150.82, for a total value of C$865,844.99. Also, Director Shauneen Elizabeth Bruder acquired 608 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of C$145.24 per share, with a total value of C$88,307.74. Over the last three months, insiders purchased 5,694 shares of company stock worth $853,385. 2.64% of the stock is owned by corporate 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.