FY2028 Earnings Estimate for TSE:CNR Issued By Desjardins

Key Points

• Desjardins predicts Canadian National Railway (TSE:CNR) will achieve FY2028 earnings per share of $10.08, with a "Buy" rating and a price target of $151.00, compared to the current consensus of $8.26.
• Recent analyst activities include Barclays lowering their target to C$135.00 and Raymond James raising theirs to C$162.00, reflecting diverse outlooks on the stock.
• Canadian National Railway recently declared a quarterly dividend of $0.8875 per share, with a yield of 2.6%, indicating a healthy payout ratio of 47.79%.

Canadian National Railway (TSE:CNR - Free Report) NYSE: CNI - Research analysts at Desjardins issued their FY2028 earnings per share estimates for Canadian National Railway in a research note issued on Monday, October 6th. Desjardins analyst B. Poirier anticipates that the company will post earnings per share of $10.08 for the year. Desjardins has a "Buy" rating and a $151.00 price objective on the stock. The consensus estimate for Canadian National Railway's current full-year earnings is $8.26 per share.

Several other analysts have also commented on the company. Barclays dropped their price objective on Canadian National Railway from C$145.00 to C$135.00 in a report on Wednesday, July 23rd. Evercore ISI lowered Canadian National Railway from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 23rd. Raymond James Financial raised Canadian National Railway from a "hold" rating to a "moderate buy" rating and lifted their price target for the stock from C$150.00 to C$162.00 in a research note on Thursday, July 17th. National Bankshares lowered Canadian National Railway from an "outperform" rating to a "sector perform" rating and lowered their price target for the stock from C$170.00 to C$150.00 in a research note on Wednesday, July 23rd. Finally, Scotiabank lowered their price target on Canadian National Railway from C$153.00 to C$150.00 and set an "outperform" rating on the stock in a research note on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$152.07.

Canadian National Railway Stock Up 0.3%

Shares of CNR opened at C$135.25 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 107.59. Canadian National Railway has a 12 month low of C$126.11 and a 12 month high of C$160.88. The stock's 50 day moving average is C$130.56 and its two-hundred day moving average is C$136.97. The firm has a market cap of C$84.42 billion, a P/E ratio of 18.66, a PEG ratio of 3.38 and a beta of 0.92.

Canadian National Railway Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 29th were paid a dividend of $0.8875 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $3.55 dividend on an annualized basis and a yield of 2.6%. Canadian National Railway's payout ratio is 47.79%.

Insiders Place Their Bets

In related news, Director Shauneen Elizabeth Bruder acquired 7,600 shares of the stock in a transaction on Thursday, July 24th. The shares were bought at an average price of C$131.40 per share, with a total value of C$998,624.04. Also, Director Susan C. Jones acquired 1,520 shares of the stock in a transaction on Thursday, July 24th. The shares were bought at an average cost of C$130.96 per share, for a total transaction of C$199,065.28. Insiders own 2.64% of the company's stock.

Canadian National Railway Company Profile

Canadian National's railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2019, CN delivered almost 6 million carloads over its 19,600 miles of track. CN generated roughly CAD 14 billion in total revenue by hauling intermodal containers (25% of consolidated revenue), petroleum and chemicals (21%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive shipments (6%), and coal (4%).

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