Canadian National Railway (NYSE:CNI – Free Report) (TSE:CNR) – Research analysts at Raymond James decreased their FY2024 EPS estimates for shares of Canadian National Railway in a research note issued on Monday, January 27th. Raymond James analyst S. Hansen now anticipates that the transportation company will earn $4.93 per share for the year, down from their previous estimate 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.
Several other research firms also recently weighed in on CNI. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $174.00 target price on shares of Canadian National Railway in a research report on Friday, January 10th. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a research note on Thursday, October 24th. TD Securities raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Bank of America cut their price objective on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Finally, Susquehanna decreased their target price on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $124.02.
Canadian National Railway Price Performance
CNI stock opened at $105.02 on Wednesday. The business’s fifty day moving average price is $104.70 and its 200 day moving average price is $111.12. Canadian National Railway has a 12-month low of $98.96 and a 12-month high of $134.02. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $66.04 billion, a PE ratio of 16.83, a P/E/G ratio of 2.36 and a beta of 0.91.
Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%.
Institutional Trading of Canadian National Railway
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Grove Bank & Trust grew its position in shares of Canadian National Railway by 15.3% in the 3rd quarter. Grove Bank & Trust now owns 730 shares of the transportation company’s stock valued at $86,000 after buying an additional 97 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake 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 in the last quarter. Catalytic Wealth RIA LLC grew its holdings in shares of Canadian National Railway by 2.3% during the third quarter. Catalytic Wealth RIA LLC now owns 5,582 shares of the transportation company’s stock worth $654,000 after purchasing an additional 123 shares during the last quarter. Harrington Investments INC increased its position in shares of Canadian National Railway by 0.6% during the third quarter. Harrington Investments INC now owns 20,346 shares of the transportation company’s stock worth $2,384,000 after purchasing an additional 130 shares in the last quarter. Finally, Koshinski Asset Management Inc. lifted its holdings in shares of Canadian National Railway by 3.2% in the 3rd quarter. Koshinski Asset Management Inc. now owns 4,375 shares of the transportation company’s stock valued at $513,000 after purchasing an additional 135 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.
Canadian National Railway Company Profile
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.
Recommended Stories
- Five stocks we like better than Canadian National Railway
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- How Growth Investors Find High-Growth Stocks and Maximize Returns
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Meta’s AI & Smart Glasses Could Drive 20%+ Upside in 2025
- What is diluted earnings per share (Diluted EPS)?
- NVIDIA’s Slide Continues: Can Retail Investors Stop the Fall?
Receive News & Ratings for Canadian National Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway and related companies with MarketBeat.com's FREE daily email newsletter.