Canadian National Railway (TSE:CNR) Forecasted to Post Q1 2023 Earnings of $1.72 Per Share

Canadian National Railway (TSE:CNRGet Rating) (NYSE:CNI) – Research analysts at Raymond James issued their Q1 2023 earnings estimates for shares of Canadian National Railway in a research note issued to investors on Tuesday, January 24th. Raymond James analyst S. Hansen expects that the company will post earnings per share of $1.72 for the quarter. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.07 per share. Raymond James also issued estimates for Canadian National Railway’s Q2 2023 earnings at $2.13 EPS, Q3 2023 earnings at $2.21 EPS, Q4 2023 earnings at $2.15 EPS and FY2024 earnings at $9.00 EPS.

A number of other research analysts also recently commented on CNR. CIBC cut their target price on shares of Canadian National Railway from C$182.00 to C$181.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 18th. Susquehanna Bancshares reissued a “hold” rating and set a C$149.50 target price on shares of Canadian National Railway in a research report on Wednesday, September 28th. Atb Cap Markets reissued a “sector perform” rating on shares of Canadian National Railway in a research report on Tuesday, December 20th. Sanford C. Bernstein lifted their price objective on shares of Canadian National Railway from C$172.00 to C$178.00 in a research report on Tuesday. Finally, The Goldman Sachs Group downgraded shares of Canadian National Railway to a “sell” rating and set a C$150.00 price objective on the stock. in a research report on Tuesday, January 10th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$161.14.

Canadian National Railway Trading Up 0.4 %

Shares of CNR opened at C$165.91 on Wednesday. Canadian National Railway has a 1-year low of C$137.26 and a 1-year high of C$175.39. The company has a 50-day moving average of C$166.50 and a 200 day moving average of C$160.00. The firm 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 current ratio of 1.01 and a quick ratio of 0.58.

Canadian National Railway (TSE:CNRGet Rating) (NYSE:CNI) last announced its quarterly earnings data on Tuesday, October 25th. The company reported C$2.13 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.02 by C$0.11. The company had revenue of C$4.51 billion for the quarter, compared to the consensus estimate of C$4.34 billion.

Insider Buying and Selling at Canadian National Railway

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

Canadian National Railway Company Profile

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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.

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Earnings History and Estimates for Canadian National Railway (TSE:CNR)

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