Atb Cap Markets Comments on Canadian National Railway’s FY2022 Earnings (TSE:CNR)

Canadian National Railway (TSE:CNR – Get Rating) (NYSE:CNI) – Research analysts at Atb Cap Markets reduced their FY2022 earnings per share estimates for Canadian National Railway in a report released on Sunday, January 22nd. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings of $7.39 per share for the year, down from their prior forecast of $7.46. Atb Cap Markets has a “Sector Perform” rating on the stock. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.07 per share. Atb Cap Markets also issued estimates for Canadian National Railway’s Q4 2022 earnings at $2.04 EPS, Q4 2023 earnings at $2.10 EPS, FY2023 earnings at $8.11 EPS, Q4 2024 earnings at $2.26 EPS and FY2024 earnings at $8.82 EPS.

CNR has been the subject of several other reports. Sanford C. Bernstein boosted their target price on Canadian National Railway from C$172.00 to C$178.00 in a research note on Tuesday. JPMorgan Chase & Co. lowered their target price on Canadian National Railway from C$174.00 to C$165.00 in a research note on Wednesday, December 21st. UBS Group boosted their target price on Canadian National Railway from C$175.00 to C$184.00 in a research note on Wednesday, October 26th. Scotiabank set a C$170.00 target price on Canadian National Railway in a research note on Monday. Finally, BMO Capital Markets boosted their target price on Canadian National Railway from C$180.00 to C$185.00 in a research note on Friday, December 2nd. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian National Railway has a consensus rating of “Hold” and an average price target of C$161.14.

Canadian National Railway Trading Up 0.4 %

Shares of TSE CNR opened at C$165.91 on Tuesday. Canadian National Railway has a twelve month low of C$137.26 and a twelve month high of C$175.39. The company has a current ratio of 1.01, a quick ratio of 0.58 and a debt-to-equity ratio of 71.59. The stock has a fifty day simple moving average of C$166.50 and a 200-day simple moving average of C$160.00. The stock has a market capitalization of C$112.47 billion and a PE ratio of 22.79.

Canadian National Railway (TSE:CNR – Get Rating) (NYSE:CNI) last issued its quarterly earnings data on Tuesday, October 25th. The company reported C$2.13 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.02 by C$0.11. The firm had revenue of C$4.51 billion during the quarter, compared to analyst estimates of C$4.34 billion.

Insider Buying and Selling at Canadian National Railway

In other Canadian National Railway news, Senior Officer Donald K. Reardon sold 9,280 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of C$168.25, for a total transaction of C$1,561,341.33. Following the completion of the sale, the insider now directly owns 20,531 shares of the company’s stock, valued at approximately C$3,454,299.44.

Canadian National Railway Company Profile

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Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.