Canadian National Railway (CNI) Stock Forecast & Price Target

$115.37

-1.34 (-1.15%)

(As of 09/6/2024 ET)

Canadian National Railway - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 19 Analyst Ratings

Based on 19 Wall Street analysts who have issued ratings for Canadian National Railway in the last 12 months, the stock has a consensus rating of "Hold." Out of the 19 analysts, 15 have given a hold rating, 3 have given a buy rating, and 1 has given a strong buy rating for CNI.

Consensus Price Target

$128.64
11.50% Upside

High Forecast	$145.00
Average Forecast	$128.64
Low Forecast	$116.00

According to the 19 analysts' twelve-month price targets for Canadian National Railway, the average price target is $128.64. The highest price target for CNI is $145.00, while the lowest price target for CNI is $116.00. The average price target represents a forecasted upside of 11.50% from the current price of $115.37.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)	4 Buy rating(s)
Hold	15 Hold rating(s)	15 Hold rating(s)	17 Hold rating(s)	9 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$128.64	$128.64	$132.64	$125.10
Forecasted Upside	11.50% Upside	8.23% Upside	7.18% Upside	6.27% Upside

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CNI Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CNI Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Canadian National Railway Stock vs. The Competition

Type	Canadian National Railway	Transportation Companies	S&P 500
Consensus Rating Score	2.26	2.58	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	11.50% Upside	38.68% Upside	11.36% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/24/2024	Stephens 4 of 5 stars	D. Imbro Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$127.00 ➝ $122.00	+5.51%
7/24/2024	Barclays 3 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$128.00 ➝ $120.00	+4.36%
7/24/2024	Wells Fargo & Company 3 of 5 stars	C. Wetherbee Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$130.00 ➝ $125.00	+8.53%
7/24/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$137.00 ➝ $133.00	+15.58%
7/24/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
7/24/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$135.00 ➝ $130.00	+13.18%
Get the Latest News and Ratings for CNI and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Canadian National Railway and its competitors with MarketBeat's FREE daily newsletter.
7/10/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Gupta Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
7/8/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Vernon Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform	$146.25 ➝ $130.67	+10.81%
6/27/2024	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Doerksen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform ➝ Outperform
4/10/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$140.00 ➝ $145.00	+10.70%
4/8/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$130.00	+0.20%
1/24/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$121.00 ➝ $128.00	+3.34%
1/10/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Sector Outperform ➝ Neutral
1/8/2024	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$115.00 ➝ $143.00	+14.83%
1/8/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
11/27/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$125.00 ➝ $121.00	+4.93%
10/11/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	C$167.00 ➝ C$159.00
9/21/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	In-Line ➝ In-Line	$119.00 ➝ $116.00	+2.40%
9/14/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform
8/1/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
7/31/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Sector Perform
7/26/2023	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Poirier Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$184.00 ➝ C$181.00
7/26/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$177.00 ➝ C$175.00
5/4/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight
4/25/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$126.00 ➝ $133.00	+6.91%
1/10/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Sell
12/20/2022	Atb Cap Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Murray Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Sector Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:22 PM ET.

CNI Forecast - Frequently Asked Questions

What is Canadian National Railway's forecast for 2024?: According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Canadian National Railway is $128.64, with a high forecast of $145.00 and a low forecast of $116.00.
Should I buy or sell Canadian National Railway stock right now?: 19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian National Railway in the last twelve months. There are currently 15 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CNI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CNI, but not buy additional shares or sell existing shares.
Does Canadian National Railway's stock price have much upside?: According to analysts, Canadian National Railway's stock has a predicted upside of 8.23% based on their 12-month stock forecasts.
Has Canadian National Railway been upgraded or downgraded by Wall Street analysts recently?: Over the previous 90 days, Canadian National Railway's stock had 2 upgrades and 1 downgrade by analysts.
What analysts cover Canadian National Railway?: Canadian National Railway has been rated by research analysts at Barclays, Benchmark, National Bank Financial, Sanford C. Bernstein, Scotiabank, Stephens, Stifel Nicolaus, Susquehanna, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like Canadian National Railway more than its competitors?: Analysts like Canadian National Railway less than other "transportation" companies. The consensus rating for Canadian National Railway is Hold while the average consensus rating for "transportation" companies is Moderate Buy. Learn more on how CNI compares to other companies.