Raymond James Has Negative Outlook for TSE:CNR Q4 Earnings

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Equities research analysts at Raymond James lowered their Q4 2024 EPS estimates for Canadian National Railway in a research report issued to clients and investors on Monday, January 27th. Raymond James analyst S. Hansen now expects that the company will earn $1.86 per share for the quarter, down from their previous estimate 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 equities research analysts have also recently commented on CNR. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$169.00 to C$179.00 in a research note on Thursday, October 10th. Scotiabank dropped their price target on shares of Canadian National Railway from C$180.00 to C$178.00 in a research note on Monday, January 20th. Barclays cut their price target on shares of Canadian National Railway from C$162.00 to C$160.00 in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. reaffirmed an “outperform” rating on shares of Canadian National Railway in a report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$170.64.

Canadian National Railway Stock Down 1.3 %

CNR opened at C$151.39 on Wednesday. The business has a 50 day moving average price of C$149.39 and a two-hundred day moving average price of C$154.66. Canadian National Railway has a 52 week low of C$143.18 and a 52 week high of C$181.34. The company has a market cap of C$95.30 billion, a PE ratio of 17.98, a P/E/G ratio of 3.38 and a beta of 0.65. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62.

Insider Activity

In other Canadian National Railway news, Senior Officer Ghislain Houle sold 5,741 shares of the company’s stock in a transaction dated 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 Tracy Robinson purchased 3,300 shares of the stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average price of C$147.99 per share, with a total value of C$488,380.20. Insiders have acquired 5,694 shares of company stock worth $853,385 over the last ninety days. 2.64% of the stock is currently owned by 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.