Raymond James Brokers Lower Earnings Estimates for TSE:CNR

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Raymond James lowered their Q4 2024 earnings per share estimates for Canadian National Railway in a research note issued 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 research analysts have also weighed in on the stock. Citigroup raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Wells Fargo & Company upgraded shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating in a report on Monday, October 7th. Evercore ISI upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Royal Bank of Canada raised Canadian National Railway from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$169.00 to C$179.00 in a research note on Thursday, October 10th. Finally, Sanford C. Bernstein decreased their target price on Canadian National Railway from C$179.00 to C$173.00 in a research note on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$170.64.

Canadian National Railway Stock Performance

TSE CNR opened at C$151.39 on Wednesday. The stock has a fifty day simple moving average of C$149.39 and a 200-day simple moving average of C$154.66. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62. The stock 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. Canadian National Railway has a twelve month low of C$143.18 and a twelve month high of C$181.34.

Insider Buying and Selling at Canadian National Railway

In related news, Director Tracy Robinson acquired 3,300 shares of Canadian National Railway stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average price of C$147.99 per share, for a total transaction of C$488,380.20. Also, 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 transaction of C$865,844.99. Insiders have acquired a total of 5,694 shares of company stock worth $853,385 over the last ninety days. 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.