Research Analysts Offer Predictions for CNI FY2024 Earnings

Canadian National Railway (NYSE:CNI) (TSE:CNR) – Equities researchers at Raymond James dropped their FY2024 earnings estimates for shares of Canadian National Railway in a note issued to investors on Monday, January 27th. Raymond James analyst S. Hansen now anticipates that the transportation company will post earnings per share of $4.93 for the year, down from their previous estimate of $5.31. The consensus estimate for Canadian National Railway’s current full-year earnings is $5.15 per share. Raymond James also issued estimates for Canadian National Railway’s Q4 2024 earnings at $1.28 EPS, Q1 2025 earnings at $1.37 EPS, Q2 2025 earnings at $1.35 EPS, Q3 2025 earnings at $1.34 EPS, Q4 2025 earnings at $1.40 EPS and FY2026 earnings at $6.18 EPS.

A number of other research analysts have also issued reports on CNI. Stifel Nicolaus raised Canadian National Railway from a “hold” rating to a “buy” rating and dropped their target price for the company from $132.00 to $120.00 in a report on Thursday, January 16th. Susquehanna cut their price objective on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Jefferies Financial Group raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a report on Friday, January 10th. Finally, Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, Canadian National Railway presently has an average rating of “Moderate Buy” and a consensus target price of $124.02.

Canadian National Railway Stock Down 1.5 %

CNI opened at $105.19 on Wednesday. Canadian National Railway has a 52 week low of $98.96 and a 52 week high of $134.02. The business has a 50 day moving average price of $104.76 and a two-hundred day moving average price of $111.27. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. The company has a market cap of $66.15 billion, a PE ratio of 16.86, a P/E/G ratio of 2.36 and a beta of 0.91.

Institutional Trading of Canadian National Railway

Large investors have recently bought and sold shares of the company. National Bank of Canada FI boosted its position in shares of Canadian National Railway by 46.5% in the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock worth $789,030,000 after buying an additional 2,137,948 shares in the last quarter. Canoe Financial LP purchased a new stake in shares of Canadian National Railway in the fourth quarter valued at about $216,943,000. Point72 Asset Management L.P. acquired a new stake in shares of Canadian National Railway in the third quarter valued at approximately $159,907,000. Wellington Management Group LLP increased its stake in shares of Canadian National Railway by 4.4% during the 3rd quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock worth $2,175,935,000 after purchasing an additional 790,420 shares in the last quarter. Finally, Toronto Dominion Bank raised its position in shares of Canadian National Railway by 64.5% during the 3rd quarter. Toronto Dominion Bank now owns 1,492,218 shares of the transportation company’s stock worth $174,813,000 after purchasing an additional 584,832 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

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.