Raymond James Equities Analysts Decrease Earnings Estimates for Canadian National Railway (NYSE:CNI)

Canadian National Railway (NYSE:CNI) (TSE:CNR) – Equities researchers at Raymond James reduced their Q1 2024 EPS estimates for Canadian National Railway in a research report issued on Monday, April 22nd. Raymond James analyst S. Hansen now expects that the transportation company will post earnings of $1.26 per share for the quarter, down from their prior forecast of $1.29. The consensus estimate for Canadian National Railway’s current full-year earnings is $5.94 per share. Raymond James also issued estimates for Canadian National Railway’s Q2 2024 earnings at $1.45 EPS.

A number of other research analysts have also recently issued reports on the stock. Susquehanna decreased their price objective on shares of Canadian National Railway from $143.00 to $140.00 and set a “neutral” rating for the company in a report on Thursday, March 28th. Jefferies Financial Group assumed coverage on shares of Canadian National Railway in a report on Monday, April 8th. They set a “hold” rating and a $130.00 price objective for the company. Citigroup boosted their price objective on shares of Canadian National Railway from $121.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Susquehanna Bancshares boosted their price objective on shares of Canadian National Railway from $115.00 to $143.00 and gave the company a “neutral” rating in a report on Monday, January 8th. Finally, Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a report on Wednesday, April 10th. Eighteen research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $147.52.

Canadian National Railway Trading Up 0.1 %

CNI opened at $129.39 on Tuesday. The company has a market cap of $82.64 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 2.22 and a beta of 0.88. The firm has a 50 day simple moving average of $129.80 and a 200 day simple moving average of $122.20. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.61 and a quick ratio of 0.47. Canadian National Railway has a fifty-two week low of $103.96 and a fifty-two week high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%.

Institutional Trading of Canadian National Railway

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bfsg LLC raised its position in Canadian National Railway by 110.5% during the first quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock worth $26,000 after acquiring an additional 105 shares in the last quarter. GAMMA Investing LLC raised its position in Canadian National Railway by 766.7% during the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock worth $31,000 after acquiring an additional 207 shares in the last quarter. JFS Wealth Advisors LLC raised its position in Canadian National Railway by 241.1% during the third quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock worth $35,000 after acquiring an additional 229 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Canadian National Railway by 121.0% during the third quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock worth $40,000 after acquiring an additional 202 shares in the last quarter. Finally, Rational Advisors LLC bought a new stake in Canadian National Railway during the third quarter worth $41,000. 80.74% of the stock is owned by institutional investors.

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.