Raymond James Analysts Lower Earnings Estimates for CNI

Canadian National Railway (NYSE:CNI) (TSE:CNR) – Equities research analysts at Raymond James dropped their FY2024 earnings per share estimates for Canadian National Railway in a research note issued on Monday, January 27th. Raymond James analyst S. Hansen now forecasts that the transportation company will post earnings per share of $4.93 for the year, down from their previous forecast 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 equities research analysts have also issued reports on CNI. Stephens restated an “equal weight” rating and issued a $116.00 price target on shares of Canadian National Railway in a research report on Wednesday, October 23rd. Sanford C. Bernstein dropped their price target on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Wells Fargo & Company lowered their price target on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Finally, Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, Canadian National Railway currently has an average rating of “Moderate Buy” and an average price target of $124.02.

Canadian National Railway Stock Performance

CNI opened at $105.19 on Wednesday. The firm has a market capitalization of $66.15 billion, a PE ratio of 16.86, a PEG ratio of 2.36 and a beta of 0.91. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. Canadian National Railway has a twelve month low of $98.96 and a twelve month high of $134.02. The firm’s 50-day moving average price is $104.76 and its 200 day moving average price is $111.27.

Institutional Investors Weigh In On Canadian National Railway

Several institutional investors have recently added to or reduced their stakes in the business. Fortitude Family Office LLC lifted its position in shares of Canadian National Railway by 738.7% during the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after buying an additional 229 shares during the last quarter. Coastline Trust Co acquired a new stake in Canadian National Railway during the 3rd quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 108 shares during the last quarter. Reston Wealth Management LLC purchased a new position in shares of Canadian National Railway during the third quarter worth about $41,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Canadian National Railway during the third quarter worth about $56,000. Hedge funds and other institutional investors own 80.74% 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.