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

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Desjardins dropped their Q2 2024 earnings estimates for shares of Canadian National Railway in a report released on Tuesday, April 23rd. Desjardins analyst B. Poirier now expects that the company will post earnings of $1.86 per share for the quarter, down from their previous estimate of $1.88. Desjardins currently 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.

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

Several other analysts also recently commented on the stock. Veritas Investment Research downgraded shares of Canadian National Railway from a “buy” rating to a “reduce” rating and set a C$168.00 target price for the company. in a report on Wednesday, January 24th. National Bankshares lifted their target price on shares of Canadian National Railway from C$172.00 to C$190.00 in a report on Thursday, April 4th. UBS Group dropped their price objective on shares of Canadian National Railway from C$205.00 to C$202.00 in a research note on Wednesday. Barclays lifted their price objective on shares of Canadian National Railway from C$170.00 to C$175.00 in a research note on Thursday, April 4th. Finally, ATB Capital lifted their price objective on shares of Canadian National Railway from C$165.00 to C$180.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$184.50.

Canadian National Railway Stock Performance

Shares of CNR stock opened at C$168.35 on Thursday. The company has a market capitalization of C$107.78 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 2.06 and a beta of 0.65. The company has a debt-to-equity ratio of 93.89, a quick ratio of 0.58 and a current ratio of 0.61. The company has a 50-day simple moving average of C$176.07 and a 200 day simple moving average of C$165.60. Canadian National Railway has a 52 week low of C$143.13 and a 52 week high of C$181.34.

Insider Activity

In other news, Senior Officer Derek Michael Taylor sold 2,610 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of C$131.26, for a total value of C$342,577.38. In related news, Director Shauneen Elizabeth Bruder acquired 6,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average cost of C$168.44 per share, for a total transaction of C$1,010,640.00. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of C$131.26, for a total transaction of C$342,577.38. Corporate insiders own 1.67% of the company’s stock.

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.