Canadian National Railway (NYSE:CNI) Releases FY 2024 Earnings Guidance

Canadian National Railway (NYSE:CNI) (TSE:CNR) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 5.940-5.940 for the period, compared to the consensus earnings per share estimate of 5.840. The company issued revenue guidance of -. Canadian National Railway also updated its FY24 guidance to approx CC$8.01 EPS.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Canadian National Railway from $121.00 to $128.00 and gave the company a neutral rating in a report on Wednesday, January 24th. Susquehanna Bancshares lifted their price target on Canadian National Railway from $115.00 to $143.00 and gave the company a neutral rating in a research note on Monday, January 8th. CIBC downgraded Canadian National Railway from a sector outperform rating to a neutral rating in a research note on Wednesday, January 10th. 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 target price on the stock. Finally, Bank of America upgraded Canadian National Railway from a neutral rating to a buy rating and upped their price target for the stock from $140.00 to $145.00 in a report on Wednesday, April 10th. Eighteen research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $147.52.

Canadian National Railway Stock Performance

Shares of CNI traded up $0.07 during trading hours on Tuesday, hitting $129.39. The company’s stock had a trading volume of 1,617,683 shares, compared to its average volume of 1,001,146. The company has a market cap of $82.64 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 2.22 and a beta of 0.88. 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 business has a 50 day simple moving average of $129.72 and a two-hundred day simple moving average of $122.04. Canadian National Railway has a 52-week low of $103.96 and a 52-week high of $134.02.

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

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.