Canadian National Railway (CNR) Stock Forecast & Price Target

C$145.34 +0.47 (+0.32%)

(As of 12/20/2024 05:17 PM ET)

Canadian National Railway - Analysts' Recommendations and Stock Price Forecast (2025)

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

Moderate Buy

Based on 19 Analyst Ratings

Sell
1

Hold
7

Buy
11

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 "Moderate Buy." Out of the 19 analysts, 1 has given a sell rating, 7 have given a hold rating, 7 have given a buy rating, and 4 have given a strong buy rating for CNR.

Consensus Price Target

C$171.07
17.70% Upside

According to the 19 analysts' twelve-month price targets for Canadian National Railway, the average price target is C$171.07. The highest price target for CNR is C$190.00, while the lowest price target for CNR is C$126.00. The average price target represents a forecasted upside of 17.70% from the current price of C$145.34.

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CNR Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	4 Strong Buy rating(s)	3 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	9 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	C$171.07	C$171.07	C$174.93	C$166.47
Forecasted Upside	17.70% Upside	12.16% Upside	10.11% Upside	0.48% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Hold

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CNR 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.

CNR 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	Industrials Companies
Consensus Rating Score	2.74	2.73
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent CNR News	Neutral 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
12/19/2024	Evercore ISI 2 of 5 stars	J. Chappell Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
11/12/2024	Citigroup 3 of 5 stars	A. Rosa Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
10/24/2024	UBS Group 4 of 5 stars		Boost Target		C$189.00 ➝ C$190.00	+23.63%
10/23/2024	Veritas Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Fong Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
10/23/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$181.00 ➝ C$180.00	+14.53%
10/23/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	C$180.00 ➝ C$175.00	+11.35%
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10/23/2024	ATB Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$167.00 ➝ C$168.00	+6.90%
10/23/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$181.00 ➝ C$178.00	+13.26%
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	C$169.00 ➝ C$179.00	+12.83%
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		C$179.00 ➝ C$173.00	+11.22%
10/8/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	C$176.00 ➝ C$169.00	+9.61%
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
9/25/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	C$165.00 ➝ C$162.00	+3.11%
9/11/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$182.00 ➝ C$178.00	+13.40%
9/11/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	C$170.00 ➝ C$160.00	+1.94%
9/11/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$187.00 ➝ C$180.00	+14.68%
9/11/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Gupta Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	C$187.00 ➝ C$180.00	+14.68%
7/24/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Imbro Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
6/26/2024	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	Hold ➝ Strong-Buy
1/24/2024	Veritas Investment Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Reduce	C$168.00	+0.41%
1/25/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target		C$162.00	+2.37%
1/25/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$156.00 ➝ C$154.00	-2.69%
1/10/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jordan Alliger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Sell	C$150.00	-7.67%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:19 AM ET.

Should I Buy Canadian National Railway Stock? CNR 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 Tuesday, December 17, 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:

Current stock price is C$154.71, reflecting a recent increase of 1.4%, indicating positive market sentiment and potential for further growth.
Canadian National Railway has a strong market capitalization of C$97.39 billion, suggesting stability and a solid position in the rail industry.
The company recently declared a quarterly dividend of $0.845, which translates to an annualized dividend yield of 2.18%, providing a steady income stream for investors.
Analyst upgrades, such as Royal Bank of Canada's increase of the target price from C$169.00 to C$179.00, indicate growing confidence in the company's future performance.
With a diverse range of services including rail, intermodal, trucking, and logistics, Canadian National Railway is well-positioned to capitalize on various market opportunities.

Canadian National Railway
Bear Case

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

The company has a relatively high debt-to-equity ratio of 107.62, which may indicate financial risk and reliance on debt for growth.
Recent analyst reports show mixed ratings, with one analyst issuing a sell rating, suggesting some uncertainty about the stock's future performance.
Canadian National Railway's stock has a 52-week high of C$181.34, which may indicate that the stock is currently trading closer to its peak, limiting potential upside.
The quick ratio of 0.58 and current ratio of 0.63 suggest potential liquidity issues, which could impact the company's ability to meet short-term obligations.
Market volatility, as indicated by a beta of 0.65, suggests that while the stock may be less volatile than the market, it still faces risks that could affect its performance.

CNR Forecast - Frequently Asked Questions

: According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Canadian National Railway is C$171.07, with a high forecast of C$190.00 and a low forecast of C$126.00.
: 19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian National Railway in the last year. There is currently 1 sell rating, 7 hold ratings, 7 buy ratings and 4 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CNR shares.
: According to analysts, Canadian National Railway's stock has a predicted upside of 17.70% based on their 12-month stock forecasts.
: Over the previous 90 days, Canadian National Railway's stock had 6 upgrades by analysts.
: Canadian National Railway has been rated by research analysts at ATB Capital, Barclays, Citigroup, Desjardins, Evercore ISI, JPMorgan Chase & Co., National Bankshares, Royal Bank of Canada, Sanford C. Bernstein, TD Securities, UBS Group, Veritas, and Wells Fargo & Company in the past 90 days.
: Analysts like Canadian National Railway more than other "industrials" companies. The consensus rating score for Canadian National Railway is 2.74 while the average consensus rating score for "industrials" companies is 2.73. Learn more on how CNR compares to other companies.

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This page (TSE:CNR) was last updated on 12/21/2024 by MarketBeat.com Staff

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Canadian National Railway (CNR) Stock Forecast & Price Target