Canadian National Railway (CNI) Stock Forecast & Price Target

$109.64 -2.14 (-1.91%)

(As of 04:30 PM 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 20 Analyst Ratings

Sell
1

Hold
13

Buy
6

Based on 20 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 20 analysts, 1 has given a sell rating, 13 have given a hold rating, 4 have given a buy rating, and 2 have given a strong buy rating for CNI.

Consensus Price Target

$125.48
14.45% Upside

According to the 20 analysts' twelve-month price targets for Canadian National Railway, the average price target is $125.48. The highest price target for CNI is $143.00, while the lowest price target for CNI is $116.00. The average price target represents a forecasted upside of 14.45% from the current price of $109.64.

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CNI Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)
Hold	13 Hold rating(s)	14 Hold rating(s)	15 Hold rating(s)	14 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$125.48	$125.18	$128.64	$121.73
Forecasted Upside	14.45% Upside	12.80% Upside	9.72% Upside	8.69% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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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	2.35	2.58	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	12.30% Upside	32.05% Upside	6.42% Upside
News Sentiment Rating	Positive News See Recent CNI News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/12/2024	Citigroup 3 of 5 stars	A. Rosa Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$126.00 ➝ $130.00	+16.41%
10/24/2024	Benchmark 2 of 5 stars		Reiterated Rating	Hold
10/23/2024	Veritas 0 of 5 stars	D. Fong Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
10/23/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Imbro Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Equal Weight ➝ Equal Weight	$116.00 ➝ $116.00	+1.98%
10/23/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$130.00 ➝ $132.00	+15.50%
10/23/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	In-Line ➝ In-Line	$119.00 ➝ $116.00	+1.67%
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10/23/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$130.00 ➝ $125.00	+11.37%
10/10/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Spracklin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform ➝ Outperform
10/9/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sell ➝ Sell	$131.00 ➝ $124.00	+9.16%
10/9/2024	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	Lower Target	Market Perform ➝ Market Perform	$130.67 ➝ $126.29	+11.18%
10/7/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Wetherbee Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight	$125.00 ➝ $125.00	+10.09%
10/4/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$129.00 ➝ $122.00	+6.80%
9/25/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$120.00 ➝ $121.00	+3.30%
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
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
4/8/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$130.00	+0.20%
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
9/14/2023	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
7/26/2023	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%
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 Tuesday at 05:28 PM ET.

Should I Buy Canadian National Railway Stock? CNI Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 25, 2024. Please send any questions or comments about these Canadian National Railway pros and cons to contact@marketbeat.com.

Canadian National Railway
Bull Case

Here are some ways that investors could benefit from investing in Canadian National Railway:

Recent earnings report showed a strong performance with $1.72 earnings per share (EPS), exceeding analysts' expectations of $1.70, indicating robust profitability.
The company reported a revenue of $4.11 billion, surpassing estimates and reflecting a year-over-year growth of 3.1%, which suggests a positive trend in business operations.
Canadian National Railway has a high return on equity of 23.62%, demonstrating effective management and the ability to generate profits from shareholders' equity.
The current stock price is $111.43, which may present a buying opportunity for investors looking for value in the transportation sector.
The company maintains a healthy dividend yield of 2.19%, with a payout ratio of 39.90%, indicating a commitment to returning value to shareholders while retaining sufficient earnings for growth.

Canadian National Railway
Bear Case

Investors should be bearish about investing in Canadian National Railway for these reasons:

Several analysts have downgraded their price targets for the stock, with some firms setting a "sell" rating, which may indicate a lack of confidence in future performance.
The stock has experienced fluctuations, with a twelve-month low of $107.54, suggesting potential volatility that could concern risk-averse investors.
Despite a solid EPS, the price-to-earnings ratio of 17.74 may be considered high compared to industry averages, potentially indicating overvaluation.
The company has a debt-to-equity ratio of 0.96, which, while manageable, suggests that it is close to a 1:1 ratio, indicating a reliance on debt financing that could pose risks in economic downturns.
Analysts have mixed ratings on the stock, with a majority holding a "hold" rating, which may suggest uncertainty about the stock's future performance.

CNI Forecast - Frequently Asked Questions

: According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Canadian National Railway is $125.48, with a high forecast of $143.00 and a low forecast of $116.00.
: 20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian National Railway in the last twelve months. There is currently 1 sell rating, 13 hold ratings, 4 buy ratings and 2 strong buy ratings 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.
: According to analysts, Canadian National Railway's stock has a predicted upside of 14.45% based on their 12-month stock forecasts.
: Over the previous 90 days, Canadian National Railway's stock had 4 upgrades and 1 downgrade by analysts.
: Canadian National Railway has been rated by research analysts at Bank of America, Barclays, Benchmark, Citigroup, Evercore ISI, Royal Bank of Canada, Sanford C. Bernstein, Stephens, Stifel Nicolaus, Susquehanna, The Goldman Sachs Group, Veritas, and Wells Fargo & Company in the past 90 days.
: 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.

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This page (NYSE:CNI) was last updated on 11/26/2024 by MarketBeat.com Staff

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Canadian National Railway (CNI) Stock Forecast & Price Target