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Canadian National Railway (CNI) Stock Forecast & Price Target

$116.43
-0.34 (-0.29%)
(As of 09/27/2024 ET)
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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 18 Analyst Ratings
Sell
0
Hold
15
Buy
3

Based on 18 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 18 analysts, 15 have given a hold rating, 2 have given a buy rating, and 1 has given a strong buy rating for CNI.

Consensus Price Target

$127.64
9.63% Upside
According to the 18 analysts' twelve-month price targets for Canadian National Railway, the average price target is $127.64. The highest price target for CNI is $143.00, while the lowest price target for CNI is $119.00. The average price target represents a forecasted upside of 9.63% from the current price of $116.43.
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CNI Analyst Ratings Over Time

TypeCurrent Forecast
9/30/23 to 9/29/24		1 Month Ago
8/31/23 to 8/30/24		3 Months Ago
7/2/23 to 7/1/24		1 Year Ago
9/30/22 to 9/30/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
4 Buy rating(s)
Hold
15 Hold rating(s)
15 Hold rating(s)
17 Hold rating(s)
10 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$127.64$128.64$132.00$125.80
Forecasted Upside9.63% Upside9.18% Upside13.12% Upside16.13% Upside
Consensus Rating
Hold
Hold
Hold
Hold

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.
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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.
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Canadian National Railway Stock vs. The Competition

TypeCanadian National RailwayTransportation CompaniesS&P 500
Consensus Rating Score
2.22
2.58
2.50
Consensus RatingHoldModerate BuyHold
Predicted Upside9.63% Upside27.64% Upside6.16% Upside
News Sentiment Rating
Positive News

See Recent CNI News
Positive News
Positive News
Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
9/25/2024Evercore ISI
2 of 5 stars		 Lower TargetIn-Line ➝ In-Line$128.00 ➝ $119.00+1.59%
9/25/2024Barclays
3 of 5 stars		 Boost TargetEqual Weight ➝ Equal Weight$120.00 ➝ $121.00+3.30%
9/11/2024Bank of America
4 of 5 stars		 Lower TargetBuy ➝ Buy$132.00 ➝ $129.00+11.39%
7/24/2024Stephens
Subscribe to MarketBeat All Access for the recommendation accuracy rating		D. Imbro
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower TargetEqual Weight ➝ Equal Weight$127.00 ➝ $122.00+5.51%
7/24/2024Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		C. Wetherbee
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower TargetEqual Weight ➝ Equal Weight$130.00 ➝ $125.00+8.53%
7/24/2024Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetHold ➝ Hold$137.00 ➝ $133.00+15.58%
7/24/2024Benchmark
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingHold
7/24/2024Susquehanna
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$135.00 ➝ $130.00+13.18%
7/10/2024Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating		K. Gupta
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeHold ➝ Strong-Buy
7/8/2024Sanford C. Bernstein
Subscribe to MarketBeat All Access for the recommendation accuracy rating		D. Vernon
Subscribe to MarketBeat All Access for the recommendation accuracy rating		DowngradeOutperform ➝ Market Perform$146.25 ➝ $130.67+10.81%
6/27/2024National Bank Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		C. Doerksen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeSector Perform ➝ Outperform
4/8/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageHold$130.00+0.20%
1/24/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral$121.00 ➝ $128.00+3.34%
1/10/2024CIBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeSector Outperform ➝ Neutral
1/8/2024Susquehanna Bancshares
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral$115.00 ➝ $143.00+14.83%
1/8/2024TD Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeBuy ➝ Hold
11/27/2023Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeBuy ➝ Hold$125.00 ➝ $121.00+4.93%
10/11/2023JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ NeutralC$167.00 ➝ C$159.00
9/14/2023Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeMarket Perform ➝ Outperform
8/1/2023Argus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeBuy ➝ Hold
7/31/2023Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeOutperform ➝ Sector Perform
7/26/2023Desjardins
Subscribe to MarketBeat All Access for the recommendation accuracy rating		B. Poirier
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower TargetC$184.00 ➝ C$181.00
7/26/2023BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetC$177.00 ➝ C$175.00
5/4/2023Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeEqual Weight ➝ Overweight
4/25/2023Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost Target$126.00 ➝ $133.00+6.91%
1/10/2023The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeNeutral ➝ Sell
12/20/2022Atb 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 RatingSector Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 05:37 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, September 9, 2024. Please send any questions or comments about these Canadian National Railway pros and cons to contact@marketbeat.com.

Canadian National Railway
Bull Case

green Wall Street bull icon

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

  • Canadian National Railway has a strong net margin of 32.00%, indicating efficient cost management and profitability.
  • The company has a consistent return on equity of 23.58%, showcasing its ability to generate returns for shareholders.
  • With a current dividend yield of 2.13%, investors can benefit from regular income through dividends.
  • Canadian National Railway's stock price is currently at $115.31, potentially offering a good entry point for investors.
  • The company's diversified transportation and logistics business across Canada and the United States provides stability and growth opportunities.

Canadian National Railway
Bear Case

red Wall Street bear icon

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

  • Analysts have recently downgraded the stock rating, indicating potential concerns about future performance.
  • Canadian National Railway recently lowered its dividend payout ratio to 39.07%, which may impact income for dividend-focused investors.
  • The stock price has experienced a 1.7% decline, suggesting short-term volatility and market sentiment.
  • Several analysts have set lower price targets for the stock, signaling potential downside risk in the near term.
  • The company's debt-to-equity ratio of 0.93 may raise concerns about financial leverage and stability.

CNI Forecast - Frequently Asked Questions

According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Canadian National Railway is $127.64, with a high forecast of $143.00 and a low forecast of $119.00.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian National Railway in the last year. There are currently 15 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 9.63% based on their 12-month stock forecasts.

Over the previous 90 days, Canadian National Railway's stock had 1 upgrade and 1 downgrade by analysts.

Canadian National Railway has been rated by research analysts at Bank of America, Barclays, Benchmark, Evercore ISI, Sanford C. Bernstein, Scotiabank, Stephens, Stifel Nicolaus, Susquehanna, 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 9/29/2024 by MarketBeat.com Staff
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