Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 5.940-5.940 for the period, compared to the consensus estimate of 5.840. The company issued revenue guidance of -. Canadian National Railway also updated its FY24 guidance to approx CC$8.01 EPS.
Analyst Upgrades and Downgrades
CNI has been the subject of several research reports. Jefferies Financial Group began coverage on shares of 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 cut Canadian National Railway from a sector outperform rating to a neutral rating in a research report on Wednesday, January 10th. TD Securities cut Canadian National Railway from a buy rating to a hold rating in a research note on Monday, January 8th. Stifel Nicolaus lifted their price target on Canadian National Railway from $121.00 to $134.00 and gave the company a hold rating in a research report on Friday, April 12th. Finally, Stephens increased their price objective on Canadian National Railway from $122.00 to $135.00 and gave the stock an equal weight rating in a report on Thursday, January 4th. Eighteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $147.52.
View Our Latest Research Report on CNI
Canadian National Railway Stock Performance
Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) last announced its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. On average, analysts forecast that Canadian National Railway will post 5.94 earnings per share for the current 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.
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