Desjardins Equities Analysts Reduce Earnings Estimates for Canadian National Railway (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Investment analysts at Desjardins decreased their Q2 2024 EPS estimates for Canadian National Railway in a research note issued to investors on Tuesday, April 23rd. Desjardins analyst B. Poirier now forecasts that the company will earn $1.86 per share for the quarter, down from their prior estimate of $1.88. Desjardins has a “Buy” rating and a $195.00 price target on the stock. The consensus estimate for Canadian National Railway’s current full-year earnings is $8.01 per share. Desjardins also issued estimates for Canadian National Railway’s Q3 2024 earnings at $2.01 EPS, Q4 2024 earnings at $2.43 EPS, FY2026 earnings at $9.94 EPS and FY2028 earnings at $11.96 EPS.

Other equities research analysts have also recently issued reports about the stock. Veritas Investment Research cut shares of Canadian National Railway from a “buy” rating to a “reduce” rating and set a C$168.00 price target for the company. in a report on Wednesday, January 24th. Royal Bank of Canada upped their price target on shares of Canadian National Railway from C$171.00 to C$172.00 and gave the company a “sector perform” rating in a report on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Canadian National Railway from C$158.00 to C$164.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. National Bankshares upped their price target on shares of Canadian National Railway from C$172.00 to C$190.00 in a report on Thursday, April 4th. Finally, Scotiabank upped their price objective on shares of Canadian National Railway from C$173.00 to C$184.00 and gave the company a “sector perform” rating in a research report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway currently has an average rating of “Hold” and a consensus target price of C$184.50.

Canadian National Railway Stock Down 4.8 %

CNR stock opened at C$168.35 on Thursday. The company has a debt-to-equity ratio of 93.89, a current ratio of 0.61 and a quick ratio of 0.58. Canadian National Railway has a 52-week low of C$143.13 and a 52-week high of C$181.34. The company has a 50-day moving average of C$176.07 and a two-hundred day moving average of C$165.60. The stock has a market capitalization of C$107.78 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results on Tuesday, January 23rd. The company reported C$2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.96 by C$0.06. Canadian National Railway had a net margin of 33.43% and a return on equity of 27.11%. The company had revenue of C$4.47 billion during the quarter, compared to analysts’ expectations of C$4.38 billion.

Insider Buying and Selling

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 488 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average price of C$177.40 per share, with a total value of C$86,571.20. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 488 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average price of C$177.40 per share, with a total value of C$86,571.20. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of C$131.26, for a total transaction of C$342,577.38. Company insiders own 1.67% of the company’s stock.

About Canadian National Railway

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.