Q2 2024 Earnings Forecast for Canadian National Railway (TSE:CNR) Issued By National Bank Financial

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Investment analysts at National Bank Financial lowered their Q2 2024 earnings per share (EPS) estimates for Canadian National Railway in a research report issued to clients and investors on Tuesday, April 23rd. National Bank Financial analyst C. Doerksen now anticipates that the company will earn $1.87 per share for the quarter, down from their prior estimate of $1.88. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.01 per share. National Bank Financial also issued estimates for Canadian National Railway’s Q3 2024 earnings at $2.07 EPS and FY2025 earnings at $9.06 EPS.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its earnings results on Tuesday, January 23rd. The company reported C$2.02 earnings per share for the quarter, beating the consensus estimate of C$1.96 by C$0.06. The business had revenue of C$4.47 billion for the quarter, compared to the consensus estimate of C$4.38 billion. Canadian National Railway had a return on equity of 27.11% and a net margin of 33.43%.

CNR has been the topic of several other research reports. ATB Capital raised their target price on Canadian National Railway from C$165.00 to C$180.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 24th. Raymond James raised their target price on Canadian National Railway from C$185.00 to C$190.00 and gave the company an “outperform” rating in a research report on Monday. TD Securities raised their target price on Canadian National Railway from C$185.00 to C$190.00 and gave the company a “hold” rating in a research report on Wednesday. CIBC raised their target price on Canadian National Railway from C$177.00 to C$183.00 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. Finally, Desjardins lifted their price objective on Canadian National Railway from C$189.00 to C$195.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$184.50.

Canadian National Railway Stock Performance

TSE CNR opened at C$168.35 on Thursday. The company has a market cap of C$107.78 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. The stock’s 50 day simple moving average is C$176.07 and its 200-day simple moving average is C$165.60. Canadian National Railway has a 1-year low of C$143.13 and a 1-year high of C$181.34. The company has a debt-to-equity ratio of 93.89, a current ratio of 0.61 and a quick ratio of 0.58.

Insiders Place Their Bets

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 488 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was bought at an average price of C$177.40 per share, with a total value of C$86,571.20. In other news, Senior Officer Derek Michael Taylor sold 2,610 shares of Canadian National Railway stock in a transaction on Monday, February 26th. The stock was sold at an average price of C$131.26, for a total value of C$342,577.38. Also, Director Shauneen Elizabeth Bruder acquired 488 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was purchased at an average cost of C$177.40 per share, with a total value of C$86,571.20. 1.67% of the stock is owned by insiders.

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.