Canadian National Railway (NYSE:CNI) Releases FY24 Earnings Guidance

Canadian National Railway (NYSE:CNI) (TSE:CNR) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of approx CC$8.01 for the period, compared to the consensus estimate of $8.05.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Jefferies Financial Group assumed coverage on Canadian National Railway in a report on Monday, April 8th. They issued a hold rating and a $130.00 price objective for the company. CIBC downgraded Canadian National Railway from a sector outperform rating to a neutral rating in a report on Wednesday, January 10th. Susquehanna lowered their price target on Canadian National Railway from $143.00 to $140.00 and set a neutral rating for the company in a report on Thursday, March 28th. Benchmark restated a hold rating on shares of Canadian National Railway in a report on Wednesday, April 10th. Finally, Citigroup upped their price objective on Canadian National Railway from $121.00 to $128.00 and gave the stock a neutral rating in a research report on Wednesday, January 24th. Eighteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Canadian National Railway currently has an average rating of Hold and an average price target of $147.52.

Canadian National Railway Price Performance

Canadian National Railway stock traded up $0.08 during mid-day trading on Tuesday, reaching $129.40. 1,552,161 shares of the company were exchanged, compared to its average volume of 1,000,306. The company has a fifty day simple moving average of $129.72 and a 200-day simple moving average of $122.04. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.61 and a quick ratio of 0.47. The firm has a market cap of $82.65 billion, a PE ratio of 20.40, a PEG ratio of 2.22 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%. As a group, equities research analysts expect that Canadian National Railway will post 5.94 earnings per share for the current fiscal year.

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.