Atb Cap Markets Brokers Reduce Earnings Estimates for Canadian National Railway (TSE:CNR)

Canadian National Railway (TSE:CNR – Get Rating) (NYSE:CNI) – Equities researchers at Atb Cap Markets decreased their FY2022 earnings per share estimates for shares of Canadian National Railway in a report released on Sunday, January 22nd. Atb Cap Markets analyst C. Murray now forecasts that the company will post earnings of $7.39 per share for the year, down from their previous forecast of $7.46. Atb Cap Markets currently has a “Sector Perform” rating on the stock. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.07 per share. Atb Cap Markets also issued estimates for Canadian National Railway’s Q4 2022 earnings at $2.04 EPS, Q4 2023 earnings at $2.10 EPS, FY2023 earnings at $8.11 EPS, Q4 2024 earnings at $2.26 EPS and FY2024 earnings at $8.82 EPS.

Canadian National Railway (TSE:CNR – Get Rating) (NYSE:CNI) last released its quarterly earnings data on Tuesday, October 25th. The company reported C$2.13 EPS for the quarter, topping the consensus estimate of C$2.02 by C$0.11. The business had revenue of C$4.51 billion during the quarter, compared to the consensus estimate of C$4.34 billion.

Several other research firms also recently commented on CNR. Scotiabank set a C$170.00 price objective on Canadian National Railway in a report on Monday. Raymond James boosted their price target on Canadian National Railway from C$175.00 to C$190.00 in a research note on Tuesday. CIBC cut their price target on Canadian National Railway from C$182.00 to C$181.00 and set a “neutral” rating for the company in a research note on Wednesday, January 18th. Susquehanna Bancshares restated a “hold” rating and set a C$149.50 price target on shares of Canadian National Railway in a research note on Wednesday, September 28th. Finally, Sanford C. Bernstein boosted their price target on Canadian National Railway from C$172.00 to C$178.00 in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$161.14.

Canadian National Railway Price Performance

TSE CNR opened at C$165.91 on Tuesday. Canadian National Railway has a one year low of C$137.26 and a one year high of C$175.39. The stock has a 50-day moving average of C$166.50 and a 200 day moving average of C$160.00. The company has a market capitalization of C$112.47 billion and a price-to-earnings ratio of 22.79. The company has a debt-to-equity ratio of 71.59, a quick ratio of 0.58 and a current ratio of 1.01.

Insider Activity at Canadian National Railway

In related news, Senior Officer Donald K. Reardon sold 9,280 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of C$168.25, for a total transaction of C$1,561,341.33. Following the sale, the insider now owns 20,531 shares in the company, valued at approximately C$3,454,299.44.

Canadian National Railway Company Profile

(Get Rating)

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.