Canadian National Railway (TSE:CNR) Price Target Cut to C$181.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target dropped by investment analysts at Desjardins from C$192.00 to C$181.00 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target would indicate a potential upside of 11.59% from the stock’s previous close. Desjardins also issued estimates for Canadian National Railway’s Q3 2024 earnings at $1.71 EPS, Q4 2024 earnings at $2.11 EPS, FY2024 earnings at $7.32 EPS, FY2025 earnings at $8.32 EPS, FY2026 earnings at $9.18 EPS, FY2027 earnings at $10.01 EPS and FY2028 earnings at $11.02 EPS.

A number of other research analysts have also commented on the stock. National Bankshares decreased their price target on shares of Canadian National Railway from C$190.00 to C$186.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. ATB Capital dropped their price target on Canadian National Railway from C$180.00 to C$177.00 in a report on Wednesday, July 24th. BMO Capital Markets decreased their price objective on Canadian National Railway from C$188.00 to C$182.00 in a report on Wednesday, July 24th. UBS Group reduced their target price on shares of Canadian National Railway from C$202.00 to C$189.00 in a research report on Wednesday, July 24th. Finally, Stephens raised shares of Canadian National Railway to a “hold” rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$174.93.

Canadian National Railway Trading Up 2.6 %

Canadian National Railway stock opened at C$162.20 on Wednesday. The stock has a 50-day simple moving average of C$158.83 and a 200 day simple moving average of C$167.52. The stock has a market capitalization of C$102.10 billion, a P/E ratio of 19.26, a PEG ratio of 2.06 and a beta of 0.65. 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 52 week low of C$143.13 and a 52 week high of C$181.34.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%. The business had revenue of C$4.33 billion for the quarter, compared to analyst estimates of C$4.40 billion. Analysts expect that Canadian National Railway will post 8.8716518 earnings per share for the current year.

Insider Buying and Selling at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder purchased 544 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were acquired at an average price of C$160.21 per share, with a total value of C$87,156.42. In other news, Director Josephine Ann Marie Depass Olsovsky acquired 2,610 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was acquired at an average price of C$115.29 per share, for a total transaction of C$300,906.90. Also, Director Shauneen Elizabeth Bruder purchased 544 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The stock was bought at an average price of C$160.21 per share, for a total transaction of C$87,156.42. Company insiders own 1.69% 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.