Canadian National Railway (CNI) Stock Price, News & Analysis

Company Overview

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. It offers trucking services, such as door-to-door services, import and export dray, interline services, and specialized services, comprising flatbed trucks, on-deck mobile transport trays, expedited cargo, and permit/overweight services; and supply chain services. It serves automotive, coal, fertilizers, temperature controlled cargo, forest products, dimensional, grain, metal and minerals, petroleum and chemicals, consumer goods, and third party logistics applications. The company operates a rail network of approximately 20,000 route-miles of track and shipping spanning. Canadian National Railway Company was incorporated in 1919 and is headquartered in Montreal, Canada.

Key Stats

• Today's Range: $110.63 to $111.67
• 50-Day Range: $110.83 to $120.63
• 52-Week Range: $103.96 to $134.02
• Volume: 1.10 million shs
• Average Volume: 1.11 million shs
• Market Capitalization: $70.18 billion
• P/E Ratio: 17.78
• Dividend Yield: 2.24%
• Price Target: $125.18
• Consensus Rating: Hold

Canadian National Railway Stock Analysis - MarketRank™

Canadian National Railway scored higher than 96% of companies evaluated by MarketBeat, and ranked 5th out of 126 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

Canadian National Railway has received a consensus rating of Hold. The company's average rating score is 2.30, and is based on 3 buy ratings, 14 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Canadian National Railway has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 13.64%

Earnings Growth

Earnings for Canadian National Railway are expected to grow by 13.64% in the coming year, from $5.50 to $6.25 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Canadian National Railway is 17.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.56.

Price to Earnings Ratio vs. Sector

The P/E ratio of Canadian National Railway is 17.78, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 22.31.

Price to Earnings Growth Ratio

Canadian National Railway has a PEG Ratio of 2.50. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Canadian National Railway has a P/B Ratio of 4.79. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.38% of the float of Canadian National Railway has been sold short.

Short Interest Ratio / Days to Cover

Canadian National Railway has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Canadian National Railway has recently decreased by 9.65%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Canadian National Railway pays a meaningful dividend of 2.19%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Canadian National Railway does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Canadian National Railway is 39.71%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Canadian National Railway will have a dividend payout ratio of 39.84% next year. This indicates that Canadian National Railway will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.2 / 5
• Environmental Score: -4.45

Percentage of Shares Shorted

0.38% of the float of Canadian National Railway has been sold short.

Short Interest Ratio / Days to Cover

Canadian National Railway has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Canadian National Railway has recently decreased by 9.65%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.04

News Sentiment

Canadian National Railway has a news sentiment score of 0.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.47 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 50 news articles for Canadian National Railway this week, compared to 9 articles on an average week.

Search Interest

13 people have searched for CNI on MarketBeat in the last 30 days. This is an increase of 225% compared to the previous 30 days.

MarketBeat Follows

5 people have added Canadian National Railway to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Canadian National Railway insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.40% of the stock of Canadian National Railway is held by insiders.

Percentage Held by Institutions

80.74% of the stock of Canadian National Railway is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CNI Stock Analysis - Frequently Asked Questions

How have CNI shares performed this year?

Canadian National Railway's stock was trading at $125.63 at the beginning of the year. Since then, CNI stock has decreased by 11.7% and is now trading at $110.97.
View the best growth stocks for 2024 here.

How were Canadian National Railway's earnings last quarter?

Canadian National Railway (NYSE:CNI) released its earnings results on Tuesday, October, 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.02. The business's quarterly revenue was up 3.1% compared to the same quarter last year.

Does Canadian National Railway have any subsidiaries?

Canadian National Railway subsidiaries include these companies: TransX, Grand Trunk Corporation, Grand Trunk Western Railroad Company, Illinois Central Corporation, Illinois Central Railroad Company, North American Railways Inc., and Wisconsin Central Ltd.

Who are Canadian National Railway's major shareholders?

Canadian National Railway's top institutional shareholders include Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (0.23%), Dixon Mitchell Investment Counsel Inc. (0.08%), Cardinal Capital Management Inc. (0.08%) and DekaBank Deutsche Girozentrale (0.07%).
View institutional ownership trends.

How do I buy shares of Canadian National Railway?

Shares of CNI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Canadian National Railway own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Canadian National Railway investors own include Bristol-Myers Squibb (BMY), Chevron (CVX), American Water Works (AWK), Humana (HUM), Voyager Therapeutics (VYGR), Comcast (CMCSA) and Waste Connections (WCN).

Company Calendar

• Ex-Dividend for 9/27 Dividend: 9/06/2024
• Dividend Payable: 9/27/2024
• Last Earnings: 10/22/2024
• Today: 10/26/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/28/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation
• Industry: Railroads, line - haul operating
• Sub-Industry: Transportation
• Current Symbol: NYSE:CNI
• CUSIP: N/A
• CIK: 16868
• Web: www.cn.ca
• Phone: (888) 888-5909
• Fax: 514-399-6090
• Employees: 24,987
• Year Founded: 1919

Price Target and Rating

• Average Stock Price Target: $125.18
• High Stock Price Target: $143.00
• Low Stock Price Target: $116.00
• Potential Upside/Downside: +12.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.30
• Research Coverage: 20 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $6.27
• Trailing P/E Ratio: 17.78
• Forward P/E Ratio: 20.17
• P/E Growth: 2.5
• Net Income: $4.17 billion
• Net Margins: 31.65%
• Pretax Margin: 36.74%
• Return on Equity: 23.49%
• Return on Assets: 8.71%

Debt

• Debt-to-Equity Ratio: 0.93
• Current Ratio: 0.63
• Quick Ratio: 0.48

Sales & Book Value

• Annual Sales: $17.16 billion
• Price / Sales: 4.09
• Cash Flow: $7.53 per share
• Price / Cash Flow: 14.74
• Book Value: $23.15 per share
• Price / Book: 4.79

Miscellaneous

• Outstanding Shares: 632,411,000
• Free Float: 614,664,000
• Market Cap: $70.17 billion
• Optionable: Optionable
• Beta: 0.88