Desjardins Comments on Canadian National Railway’s FY2024 Earnings (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI) – Equities research analysts at Desjardins increased their FY2024 earnings estimates for Canadian National Railway in a report released on Tuesday, April 23rd. Desjardins analyst B. Poirier now expects that the company will post earnings per share of $8.05 for the year, up from their previous forecast of $7.96. Desjardins 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 FY2025 earnings at $8.97 EPS.

Other equities research analysts also recently issued reports about the stock. Raymond James lifted their price objective on shares of Canadian National Railway from C$185.00 to C$190.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. JPMorgan Chase & Co. boosted their target price on shares of Canadian National Railway from C$158.00 to C$164.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Royal Bank of Canada boosted their target price on shares of Canadian National Railway from C$171.00 to C$172.00 and gave the company a “sector perform” rating in a research report on Wednesday. ATB Capital boosted their target price on shares of Canadian National Railway from C$165.00 to C$180.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 24th. Finally, UBS Group decreased their target price on shares of Canadian National Railway from C$205.00 to C$202.00 in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$184.50.

Canadian National Railway Trading Up 0.5 %

TSE:CNR opened at C$171.25 on Friday. Canadian National Railway has a 12 month low of C$143.13 and a 12 month high of C$181.34. The firm has a fifty day simple moving average of C$175.91 and a 200-day simple moving average of C$165.81. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 93.89. The company has a market capitalization of C$109.64 billion, a P/E ratio of 20.08, a PEG ratio of 2.06 and a beta of 0.65.

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

Insiders Place Their Bets

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

Canadian National Railway Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a $0.845 dividend. The ex-dividend date is Friday, June 7th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 1.97%. Canadian National Railway’s dividend payout ratio (DPR) is currently 39.62%.

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.