Desjardins Cuts Canadian National Railway (TSE:CNR) Price Target to C$180.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target reduced by Desjardins from C$181.00 to C$180.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports. Desjardins currently has a buy rating on the stock. Desjardins also issued estimates for Canadian National Railway’s Q4 2024 earnings at $2.00 EPS, FY2024 earnings at $7.28 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.

Other equities analysts have also recently issued research reports about the company. Scotiabank dropped their target price on Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. ATB Capital upped their price objective on Canadian National Railway from C$167.00 to C$168.00 in a report on Wednesday. National Bankshares reduced their target price on Canadian National Railway from C$181.00 to C$178.00 and set an “outperform” rating for the company in a report on Wednesday. Stephens upgraded shares of Canadian National Railway to a “hold” rating in a research report on Wednesday, July 24th. Finally, TD Securities cut their price target on shares of Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Canadian National Railway has a consensus rating of “Moderate Buy” and a consensus price target of C$171.07.

Canadian National Railway Price Performance

Shares of TSE CNR opened at C$154.25 on Wednesday. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. The company has a market cap of C$97.10 billion, a PE ratio of 18.29, a P/E/G ratio of 3.38 and a beta of 0.65. The stock has a fifty day moving average price of C$157.28 and a 200 day moving average price of C$164.26. Canadian National Railway has a 1-year low of C$144.23 and a 1-year high of C$181.34.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). The firm had revenue of C$4.33 billion for the quarter, compared to analyst estimates of C$4.40 billion. Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%. Sell-side analysts forecast that Canadian National Railway will post 8.2610275 EPS for the current year.

Canadian National Railway Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be given a dividend of $0.845 per share. The ex-dividend date is Monday, December 9th. This represents a $3.38 annualized dividend and a dividend yield of 2.19%. Canadian National Railway’s dividend payout ratio is currently 40.14%.

Insider Activity at Canadian National Railway

In related news, Director David Lund Freeman purchased 1,000 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was bought at an average price of C$152.57 per share, with a total value of C$152,572.80. In other news, Director Shauneen Elizabeth Bruder acquired 543 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was acquired at an average price of C$157.53 per share, with a total value of C$85,539.88. Also, Director David Lund Freeman acquired 1,000 shares of Canadian National Railway stock in a transaction that occurred on Thursday, October 24th. The shares were purchased at an average cost of C$152.57 per share, for a total transaction of C$152,572.80. In the last 90 days, insiders have purchased 2,773 shares of company stock valued at $437,437. 2.64% of the stock is owned by corporate insiders.

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.