Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR - Analysts at Raymond James cut their Q3 2024 earnings per share estimates for Canadian National Railway in a research note issued on Monday, April 22nd. Raymond James analyst S. Hansen now expects that the transportation company will post earnings per share of $1.52 for the quarter, down from their prior estimate of $1.54. 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 Q4 2024 earnings at $1.64 EPS, FY2024 earnings at $5.87 EPS and FY2025 earnings at $6.02 EPS.
Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced 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 company had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.25 billion. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%.
Several other equities analysts have also issued reports on CNI. Wells Fargo & Company boosted their price target on Canadian National Railway from $110.00 to $125.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 24th. Stephens reiterated an "equal weight" rating and issued a $140.00 price objective on shares of Canadian National Railway in a research note on Wednesday. Susquehanna upped their price objective on Canadian National Railway from $140.00 to $142.00 and gave the company a "neutral" rating in a research note on Wednesday. Bank of America upgraded Canadian National Railway from a "neutral" rating to a "buy" rating and upped their price objective for the company from $140.00 to $145.00 in a research note on Wednesday, April 10th. Finally, TD Securities lowered Canadian National Railway from a "buy" rating to a "hold" rating in a research note on Monday, January 8th. Eighteen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $147.86.
Read Our Latest Stock Analysis on Canadian National Railway
Canadian National Railway Stock Performance
Shares of Canadian National Railway stock traded down $6.60 during trading on Wednesday, reaching $122.80. The company's stock had a trading volume of 2,433,798 shares, compared to its average volume of 1,019,281. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.61. The business's fifty day moving average price is $129.68 and its 200-day moving average price is $122.20. The firm has a market cap of $78.43 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 2.25 and a beta of 0.88. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02.
Institutional Trading of Canadian National Railway
Several hedge funds have recently added to or reduced their stakes in CNI. Bfsg LLC increased its holdings in Canadian National Railway by 110.5% during the 1st quarter. Bfsg LLC now owns 200 shares of the transportation company's stock worth $26,000 after purchasing an additional 105 shares in the last quarter. GAMMA Investing LLC increased its holdings in Canadian National Railway by 766.7% during the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company's stock worth $31,000 after purchasing an additional 207 shares in the last quarter. JFS Wealth Advisors LLC increased its holdings in Canadian National Railway by 241.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company's stock worth $35,000 after purchasing an additional 229 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Canadian National Railway by 121.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company's stock valued at $40,000 after acquiring an additional 202 shares in the last quarter. Finally, Rational Advisors LLC bought a new position in shares of Canadian National Railway in the 3rd quarter valued at about $41,000. Institutional investors and hedge funds own 80.74% of the company's stock.
About Canadian National Railway
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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.
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