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 EPS guidance of 5.940-5.940 for the period, compared to the consensus EPS estimate of 5.840. The company issued revenue guidance of -. Canadian National Railway also updated its FY24 guidance to approx CC$8.01 EPS.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on CNI. Wells Fargo & Company upped their target price 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. TD Securities cut shares of Canadian National Railway from a buy rating to a hold rating in a research note on Monday, January 8th. Bank of America upgraded Canadian National Railway from a neutral rating to a buy rating and lifted their price objective for the company from $140.00 to $145.00 in a research report on Wednesday, April 10th. Jefferies Financial Group assumed coverage on Canadian National Railway in a research note on Monday, April 8th. They issued a hold rating and a $130.00 target price for the company. Finally, Benchmark reaffirmed a hold rating on shares of Canadian National Railway in a report on Wednesday. Eighteen analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and an average price target of $147.86.
View Our Latest Research Report on CNI
Canadian National Railway Trading Down 4.7 %
Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) last posted its 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. 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 analyst estimates of $3.25 billion. As a group, analysts forecast that Canadian National Railway will post 5.94 EPS 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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