Canadian National Railway (NYSE:CNI – Get Free Report) (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 Analyst Weigh In
Several research firms have recently commented on CNI. Susquehanna lowered their target price on shares of Canadian National Railway from $143.00 to $140.00 and set a neutral rating on the stock in a report on Thursday, March 28th. Citigroup boosted their target price on shares of Canadian National Railway from $121.00 to $128.00 and gave the stock a neutral rating in a report on Wednesday, January 24th. Bank of America raised shares of Canadian National Railway from a neutral rating to a buy rating and boosted their target price for the stock from $140.00 to $145.00 in a report on Wednesday, April 10th. CIBC downgraded shares of Canadian National Railway from a sector outperform rating to a neutral rating in a report on Wednesday, January 10th. Finally, TD Securities downgraded shares of Canadian National Railway from a buy rating to a hold rating in a report on Monday, January 8th. Eighteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $147.52.
Check Out Our Latest Research Report on CNI
Canadian National Railway Stock Performance
Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) last issued its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.02. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. As a group, analysts predict 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.
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