Desjardins Issues Pessimistic Forecast for TSE:CNR Earnings

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Analysts at Desjardins cut their FY2024 earnings per share estimates for shares of Canadian National Railway in a research note issued on Tuesday, October 22nd. Desjardins analyst B. Poirier now anticipates that the company will post earnings of $7.28 per share for the year, down from their prior estimate of $7.32. Desjardins currently has a “Buy” rating and a $180.00 target price 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.

Other research analysts have also recently issued reports about the company. Sanford C. Bernstein dropped their price target on Canadian National Railway from C$179.00 to C$173.00 in a research note on Wednesday, October 9th. Barclays cut their price target on Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating on the stock in a research note on Wednesday, September 25th. Stephens upgraded shares of Canadian National Railway to a “hold” rating in a report on Wednesday, July 24th. National Bankshares reduced their target price on shares of Canadian National Railway from C$181.00 to C$178.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Scotiabank dropped their price target on shares of Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a research note on Wednesday, September 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$171.07.

Canadian National Railway Price Performance

CNR stock opened at C$154.25 on Thursday. Canadian National Railway has a 1 year low of C$144.23 and a 1 year high of C$181.34. 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 stock has a market cap of C$97.10 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 3.38 and a beta of 0.65. The company has a 50 day simple moving average of C$157.28 and a 200 day simple moving average of C$164.26.

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

Canadian National Railway Announces Dividend

The business 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 $0.845 dividend. This represents a $3.38 annualized dividend and a yield of 2.19%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s dividend payout ratio (DPR) is currently 40.14%.

Insider Transactions at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder bought 543 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was acquired at an average cost of C$157.53 per share, with a total value of C$85,539.88. In other Canadian National Railway news, Director Susan C. Jones purchased 1,230 shares of Canadian National Railway stock in a transaction that occurred on Tuesday, September 17th. The stock was acquired at an average price of C$162.05 per share, with a total value of C$199,324.82. Also, Director Shauneen Elizabeth Bruder purchased 543 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were acquired at an average price of C$157.53 per share, with a total value of C$85,539.88. Insiders have purchased 2,773 shares of company stock valued at $437,437 in the last 90 days. 2.64% of the stock is currently owned by corporate insiders.

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.