Atb Cap Markets Comments on Canadian National Railway’s FY2022 Earnings (NYSE:CNI)

Canadian National Railway (NYSE:CNI – Get Rating) (TSE:CNR) – Research analysts at Atb Cap Markets boosted their FY2022 earnings per share (EPS) estimates for Canadian National Railway in a research report issued to clients and investors on Sunday, January 22nd. Atb Cap Markets analyst C. Murray now anticipates that the transportation company will earn $5.54 per share for the year, up from their prior forecast of $5.45. Atb Cap Markets currently has a “Sector Perform” rating on the stock. The consensus estimate for Canadian National Railway’s current full-year earnings is $5.54 per share. Atb Cap Markets also issued estimates for Canadian National Railway’s Q4 2022 earnings at $1.53 EPS, Q1 2023 earnings at $1.31 EPS, Q2 2023 earnings at $1.59 EPS, Q3 2023 earnings at $1.61 EPS, FY2023 earnings at $6.08 EPS, Q1 2024 earnings at $1.43 EPS, Q2 2024 earnings at $1.70 EPS, Q3 2024 earnings at $1.79 EPS, Q4 2024 earnings at $1.70 EPS and FY2024 earnings at $6.62 EPS.

Canadian National Railway (NYSE:CNI – Get Rating) (TSE:CNR) last announced its quarterly earnings data on Tuesday, October 25th. The transportation company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.12. The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.32 billion. Canadian National Railway had a return on equity of 22.23% and a net margin of 29.99%. The firm’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 EPS.

A number of other equities analysts have also weighed in on CNI. Credit Suisse Group boosted their price target on shares of Canadian National Railway from $124.00 to $127.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 26th. BMO Capital Markets upped their price target on Canadian National Railway from C$170.00 to C$180.00 in a research report on Wednesday, October 26th. Scotiabank lifted their price objective on Canadian National Railway from C$159.00 to C$170.00 in a research report on Tuesday. The Goldman Sachs Group cut Canadian National Railway from a “neutral” rating to a “sell” rating in a report on Tuesday, January 10th. Finally, Wells Fargo & Company lifted their price target on Canadian National Railway from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Canadian National Railway currently has an average rating of “Hold” and a consensus price target of $141.84.

Canadian National Railway Trading Up 0.3 %

Shares of CNI stock opened at $124.02 on Tuesday. The stock’s fifty day moving average is $123.35 and its two-hundred day moving average is $119.93. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.80 and a current ratio of 1.01. The firm has a market capitalization of $83.45 billion, a P/E ratio of 22.55, a PEG ratio of 1.88 and a beta of 0.90. Canadian National Railway has a fifty-two week low of $103.79 and a fifty-two week high of $137.19.

Institutional Investors Weigh In On Canadian National Railway

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Canadian National Railway by 3.8% during the third quarter. Vanguard Group Inc. now owns 21,762,307 shares of the transportation company’s stock valued at $2,350,111,000 after acquiring an additional 800,108 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in Canadian National Railway by 5.3% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 12,333,700 shares of the transportation company’s stock valued at $1,655,948,000 after purchasing an additional 625,000 shares during the period. Mackenzie Financial Corp raised its position in Canadian National Railway by 2.2% in the third quarter. Mackenzie Financial Corp now owns 12,044,663 shares of the transportation company’s stock valued at $1,299,315,000 after purchasing an additional 260,003 shares during the period. Egerton Capital UK LLP raised its position in Canadian National Railway by 25.9% in the second quarter. Egerton Capital UK LLP now owns 11,822,882 shares of the transportation company’s stock valued at $1,329,720,000 after purchasing an additional 2,434,495 shares during the period. Finally, Deutsche Bank AG raised its position in Canadian National Railway by 59.3% in the second quarter. Deutsche Bank AG now owns 8,698,104 shares of the transportation company’s stock valued at $978,277,000 after purchasing an additional 3,237,217 shares during the period. 86.96% of the stock is currently owned by institutional investors and hedge funds.

About Canadian National Railway

(Get Rating)

Canadian National Railway Co engages in rail and related transportation business. The firm services include rail, intermodal, trucking, supply chain services, business development and maps and network. Its offers their services in automotive, coal, fertilizer, food and beverages, forest products, dimensional loads, grain, metals and minerals and petroleum and chemicals industries.