Desjardins Issues Pessimistic Estimate for TSE:CNR Earnings

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Equities researchers at Desjardins dropped their FY2024 EPS estimates for Canadian National Railway in a note issued to investors on Tuesday, October 22nd. Desjardins analyst B. Poirier now forecasts that the company will post earnings per share of $7.28 for the year, down from their previous estimate of $7.32. Desjardins has a “Buy” rating and a $180.00 price target on the stock. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.26 per share. Desjardins also issued estimates for Canadian National Railway’s Q4 2024 earnings at $2.00 EPS, FY2025 earnings at $8.19 EPS, FY2026 earnings at $9.05 EPS, FY2027 earnings at $9.87 EPS and FY2028 earnings at $10.86 EPS.

CNR has been the topic of several other research reports. TD Securities cut their price objective on shares of Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating on the stock in a research report on Wednesday. BMO Capital Markets dropped their price target on shares of Canadian National Railway from C$182.00 to C$178.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. CIBC dropped their price target on shares of Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. Royal Bank of Canada raised shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$169.00 to C$179.00 in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Canadian National Railway from C$176.00 to C$169.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Canadian National Railway presently has an average rating of “Hold” and a consensus target price of C$171.00.

Canadian National Railway Price Performance

Shares of CNR opened at C$155.07 on Thursday. The firm has a market cap of C$97.62 billion, a PE ratio of 18.42, a PEG ratio of 3.38 and a beta of 0.65. The firm’s 50 day moving average price is C$157.27 and its 200 day moving average price is C$164.33. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63. Canadian National Railway has a twelve month low of C$143.16 and a twelve month high of C$181.34.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported C$1.84 earnings per share for the quarter, missing the consensus estimate of C$1.93 by C($0.09). The business had revenue of C$4.33 billion for the quarter, compared to the consensus estimate of C$4.40 billion. Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%.

Insiders Place Their Bets

In other Canadian National Railway news, Director Susan C. Jones purchased 1,230 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were purchased at an average price of C$162.05 per share, for a total transaction of C$199,324.82. In other news, Director Shauneen Elizabeth Bruder bought 543 shares of Canadian National Railway stock in a transaction dated Wednesday, September 25th. The shares were bought at an average price of C$157.53 per share, for a total transaction of C$85,539.88. Also, Director Susan C. Jones bought 1,230 shares of Canadian National Railway stock in a transaction dated Tuesday, September 17th. The stock was purchased at an average price of C$162.05 per share, for a total transaction of C$199,324.82. Insiders have acquired 4,383 shares of company stock worth $585,772 over the last 90 days. Corporate insiders own 2.64% of the company’s stock.

Canadian National Railway Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be paid a dividend of $0.845 per share. The ex-dividend date is Monday, December 9th. This represents a $3.38 dividend on an annualized basis and a yield of 2.18%. Canadian National Railway’s dividend payout ratio is currently 40.14%.

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.