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

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price decreased by research analysts at Desjardins from C$192.00 to C$181.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target points to a potential upside of 11.59% from the company’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 firms have also weighed in on CNR. ATB Capital dropped their price objective on Canadian National Railway from C$180.00 to C$177.00 in a research note on Wednesday, July 24th. National Bank Financial upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 26th. JPMorgan Chase & Co. lowered their price objective on shares of Canadian National Railway from C$180.00 to C$176.00 in a research report on Wednesday, July 24th. Wells Fargo & Company upgraded shares of Canadian National Railway to a “hold” rating in a report on Wednesday, July 24th. Finally, Scotiabank decreased their target price on shares of Canadian National Railway from C$188.00 to C$187.00 in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$174.93.

Canadian National Railway Stock Up 2.6 %

CNR opened at C$162.20 on Wednesday. Canadian National Railway has a 1-year low of C$143.13 and a 1-year high of C$181.34. The firm’s 50 day simple moving average is C$158.83 and its two-hundred day simple moving average is C$167.52. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62. The company has a market capitalization of C$102.10 billion, a PE ratio of 19.26, a PEG ratio of 2.06 and a beta of 0.65.

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

Insider Buying and Selling at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder purchased 544 shares of Canadian National Railway stock in a transaction dated Tuesday, June 25th. The shares were acquired at an average price of C$160.21 per share, for a total transaction of C$87,156.42. In other news, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of the business’s stock in a transaction dated 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 bought 544 shares of Canadian National Railway stock in a transaction on Tuesday, June 25th. The stock was acquired at an average price of C$160.21 per share, for a total transaction of C$87,156.42. 1.69% of the stock is owned by company 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.