What is Raymond James’ Estimate for TSE:CNR FY2024 Earnings?

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Investment analysts at Raymond James decreased their FY2024 earnings estimates for Canadian National Railway in a research note issued to investors on Monday, January 27th. Raymond James analyst S. Hansen now forecasts that the company will earn $7.14 per share for the year, down from their previous forecast of $7.37. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.26 per share.

Other equities research analysts have also recently issued reports about the stock. Scotiabank reduced their target price on shares of Canadian National Railway from C$180.00 to C$178.00 in a report on Monday, January 20th. Citigroup raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Barclays reduced their target price on shares of Canadian National Railway from C$162.00 to C$160.00 in a report on Friday, January 17th. Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Wells Fargo & Company raised shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating in a report on Monday, October 7th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$170.64.

Canadian National Railway Stock Performance

TSE CNR opened at C$152.23 on Thursday. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. Canadian National Railway has a 1 year low of C$143.18 and a 1 year high of C$181.34. The company has a market capitalization of C$95.83 billion, a PE ratio of 18.08, a P/E/G ratio of 3.38 and a beta of 0.65. The company has a fifty day moving average of C$149.44 and a two-hundred day moving average of C$154.59.

Insiders Place Their Bets

In related news, Director Shauneen Elizabeth Bruder purchased 608 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were bought at an average price of C$145.24 per share, with a total value of C$88,307.74. Also, Senior Officer Ghislain Houle sold 5,741 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of C$150.82, for a total transaction of C$865,844.99. Insiders have purchased a total of 5,694 shares of company stock valued at $853,385 over the last quarter. Company insiders own 2.64% 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.