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Canadian National Railway Company (CNI) Stock Forecast, Price Target & Predictions

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CNI Stock Forecast

Canadian National Railway Company stock forecast is as follows: an average price target of $125.00 (represents a 23.55% upside from CNI’s last price of $101.17) and a rating consensus of 'Buy', based on 21 wall street analysts offering a 1-year stock forecast.

CNI Price Target

The average price target for Canadian National Railway Company (CNI) is $125.00 based on 1-year price targets from 21 Wall Street analysts in the past 3 months, with a price target range of $130.00 to $119.00. This represents a potential 23.55% upside from CNI's last price of $101.17.

CNI Analyst Ratings

Buy

According to 21 Wall Street analysts, Canadian National Railway Company's rating consensus is 'Buy'. The analyst rating breakdown for CNI stock is 0 'Strong Buy' (0.00%), 13 'Buy' (61.90%), 8 'Hold' (38.10%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Canadian National Railway Company Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 11, 2024Benjamin NolanStifel Nicolaus$130.00$115.8912.18%28.50%
Oct 08, 2024Ariel RosaCitigroup$125.00$113.4410.19%23.55%
Oct 04, 2024Ken HoexterNational Bank$122.00$113.547.45%20.59%
Sep 25, 2024Jonathan ChappellEvercore ISI$119.00$117.910.92%17.62%
Sep 11, 2024Ken HoexterBank of America Securities$129.00$115.7811.42%27.51%
Jul 24, 2024Christian WetherbeeWells Fargo$125.00$119.984.18%23.55%
Jul 24, 2024Brandon OglenskiNational Bank$120.00$119.980.02%18.61%
Jul 17, 2024Benjamin NolanStifel Nicolaus$137.00$122.3911.94%35.42%
Jul 08, 2024David VernonNational Bank$130.67$117.9210.81%29.16%
Jun 06, 2024Christian WetherbeeWells Fargo$130.00$126.642.65%28.50%
Apr 12, 2024Benjamin NolanStifel Nicolaus$134.00$129.433.53%32.45%
Apr 08, 2024Stephanie MooreNational Bank$130.00$129.740.20%28.50%
Mar 28, 2024Bascome MajorsSusquehanna$140.00$131.656.34%38.38%
Mar 21, 2024Ken HoexterNational Bank$140.00$132.835.40%38.38%
Jul 27, 2022Benjamin NolanStifel Nicolaus$113.00$121.48-6.98%11.69%
Jul 18, 2022Bascome MajorsSusquehanna$127.00$112.4312.96%25.53%
Jul 15, 2022Wells Fargo$115.00$110.823.77%13.67%
May 19, 2022Christian WeatherbeeNational Bank$132.00$112.7017.13%30.47%
Apr 27, 2022Stephens$136.00$118.8714.41%34.43%
Apr 27, 2022Wells Fargo$130.00$118.569.65%28.50%
Jan 26, 2022Jonathan ChappellEvercore ISI$139.00$118.2417.56%37.39%
Jan 26, 2022Kevin ChiangCIBC$131.30$118.2411.04%29.78%
Jan 26, 2022Steve HansenRaymond James$143.23$118.2421.14%41.58%
Jan 26, 2022Ravi ShankerMorgan Stanley$125.73$118.246.33%24.27%
Jan 04, 2022Justin LongStephens$105.04$121.20-13.33%3.82%
Oct 20, 2021Cherilyn RadbourneTD Securities$139.26$129.707.37%37.65%
Sep 23, 2021Jordan AlligerGoldman Sachs$120.95$115.364.85%19.55%
Sep 20, 2021Jason SeidlCowen & Co.$119.00$113.015.30%17.62%
Sep 01, 2021Rick PatersonLoop Capital Markets$124.93$120.443.73%23.49%
Sep 01, 2021Christian WetherbeeCitigroup$111.40$120.44-7.50%10.12%
Jun 21, 2021Benjamin NolanStifel Nicolaus$118.00$103.7713.71%16.64%
May 28, 2021Thomas WadewitzUBS$128.91$110.7016.45%27.42%
Apr 14, 2021Bascome MajorsSusquehanna$125.00$115.028.68%23.55%

The latest Canadian National Railway Company stock forecast, released on Oct 11, 2024 by Benjamin Nolan from Stifel Nicolaus, set a price target of $130.00, which represents a 12.18% increase from the stock price at the time of the forecast ($115.89), and a 28.50% increase from CNI last price ($101.17).

Canadian National Railway Company Price Target by Period

1M3M12M
# Anlaysts-414
Avg Price Target-$124.00$129.41
Last Closing Price$101.17$101.17$101.17
Upside/Downside-100.00%22.57%27.91%

In the current month, the average price target of Canadian National Railway Company stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Canadian National Railway Company's last price of $101.17. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Nov 12, 2024CitigroupNeutralBuyUpgrade
Oct 23, 2024CitigroupNeutralNeutralHold
Oct 23, 2024SusquehannaNeutralNeutralHold
Oct 10, 2024RBC CapitalSector PerformOutperformUpgrade
Oct 08, 2024CitigroupNeutralInitialise
Oct 07, 2024Wells FargoEqual-WeightOverweightUpgrade
Oct 04, 2024Bank of America SecuritiesBuyNeutralDowngrade
Sep 30, 2024RBC CapitalSector PerformSector PerformHold
Sep 25, 2024BarclaysEqual-WeightEqual-WeightHold
Sep 12, 2024National BankOutperformOutperformHold
Sep 11, 2024Raymond JamesOutperformOutperformHold
Sep 11, 2024BMO CapitalOutperformOutperformHold
Jul 24, 2024DesjardinsBuyBuyHold
Jul 24, 2024Wells FargoEqual-WeightEqual-WeightHold
Jul 24, 2024BarclaysEqual-WeightEqual-WeightHold
Jul 23, 2024National Securities CorporationOutperformOutperformHold
Jul 10, 2024Kansas City CapitalOutperformUpgrade
Jul 09, 2024ScotiabankOutperformUpgrade
Jul 08, 2024BernsteinMarket PerformDowngrade
Jun 27, 2024National Securities CorporationSector PerformOutperformUpgrade
Jun 06, 2024Wells FargoNeutralEqual-WeightInitialise
Apr 24, 2024TD SecuritiesHoldHoldHold
Apr 24, 2024RBC CapitalSector PerformSector PerformHold
Apr 08, 2024JefferiesHoldInitialise
Apr 03, 2024National Securities CorporationSector PerformSector PerformHold
Apr 01, 2024BMO CapitalOutperformOutperformHold
Mar 28, 2024SusquehannaNeutralNeutralHold
Apr 25, 2023BarclaysEqual-WeightEqual-WeightHold
Apr 25, 2023SusquehannaNeutralNeutralHold
Apr 25, 2023Wells FargoEqual-WeightEqual-WeightHold
Jan 11, 2023Goldman SachsPositiveDowngrade
Dec 14, 2022CIBCNeutralDowngrade
Sep 30, 2022BarclaysEqual-WeightEqual-WeightHold
Sep 12, 2022Bank of America SecuritiesBuyUpgrade
Jul 27, 2022DesjardinsHoldHoldHold
Jul 27, 2022UBSBuyBuyHold
Jul 18, 2022SusquehannaNeutralNeutralHold
Jul 15, 2022Wells FargoEqual-WeightEqual-WeightHold
Jul 13, 2022BarclaysEqual-WeightEqual-WeightHold
Jul 12, 2022Evercore ISIOutperformOutperformHold
May 26, 2022Evercore ISIOutperformUpgrade
Apr 27, 2022StephensEqual-WeightEqual-WeightHold
Apr 27, 2022Wells FargoEqual-WeightEqual-WeightHold

Canadian National Railway Company's last stock rating was published by Citigroup on Nov 12, 2024. The company Upgrade its CNI rating from "Neutral" to "Buy".

Canadian National Railway Company Financial Forecast

Canadian National Railway Company Revenue Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Revenue----------------$4.47B--$4.31B$4.54B$4.51B$4.34B$3.71B$3.75B$3.59B$3.60B$3.54B$3.66B$3.41B
Avg Forecast$4.98B$4.78B$4.83B$4.65B$4.75B$4.39B$4.53B$4.42B$4.48B$4.15B$4.24B$4.13B$4.25B$4.07B$4.39B$4.29B$4.37B$4.03B$4.13B$4.26B$4.45B$4.28B$4.10B$3.67B$3.70B$3.50B$3.64B$3.55B$3.65B$3.47B
High Forecast$5.14B$4.94B$4.99B$4.80B$4.91B$4.54B$4.68B$4.56B$4.63B$4.29B$4.38B$4.33B$4.54B$4.21B$4.54B$4.43B$4.48B$4.30B$4.27B$4.40B$4.60B$4.28B$4.10B$3.67B$3.70B$3.50B$3.64B$3.55B$3.65B$3.47B
Low Forecast$4.82B$4.62B$4.67B$4.50B$4.60B$4.25B$4.38B$4.27B$4.33B$4.01B$4.10B$3.91B$4.08B$3.94B$4.25B$4.14B$4.28B$3.83B$3.99B$4.12B$4.30B$4.28B$4.10B$3.67B$3.70B$3.50B$3.64B$3.55B$3.65B$3.47B
# Analysts6464646453581686482314132018171611111122114
Surprise %----------------1.02%--1.01%1.02%1.05%1.06%1.01%1.01%1.03%0.99%0.99%1.00%0.98%

Canadian National Railway Company's average Quarter revenue forecast for Mar 24 based on 4 analysts is $4.29B, with a low forecast of $4.14B, and a high forecast of $4.43B. CNI's average Quarter revenue forecast represents a -4.14% decrease compared to the company's last Quarter revenue of $4.47B (Dec 23).

Canadian National Railway Company EBITDA Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts6464646453581686482314132018171611111122114
EBITDA----------------$1.99B--$2.38B$2.60B$2.63B$2.46B$1.91B$2.08B$2.70B$1.94B$1.82B$1.89B$1.83B
Avg Forecast$2.67B$2.56B$2.59B$2.49B$2.55B$2.36B$2.43B$2.37B$2.40B$2.23B$2.28B$2.22B$2.28B$2.19B$2.36B$2.57B$2.35B$2.16B$2.22B$2.34B$2.07B$2.35B$2.24B$1.85B$2.03B$1.92B$2.00B$1.84B$2.00B$1.90B
High Forecast$2.76B$2.65B$2.68B$2.58B$2.63B$2.43B$2.51B$2.45B$2.48B$2.30B$2.35B$2.32B$2.44B$2.26B$2.44B$3.08B$2.40B$2.30B$2.29B$2.80B$2.48B$2.35B$2.24B$2.22B$2.03B$1.92B$2.00B$2.21B$2.00B$1.90B
Low Forecast$2.58B$2.48B$2.50B$2.41B$2.47B$2.28B$2.35B$2.29B$2.32B$2.15B$2.20B$2.10B$2.19B$2.11B$2.28B$2.06B$2.29B$2.06B$2.14B$1.87B$1.65B$2.35B$2.24B$1.48B$2.03B$1.92B$2.00B$1.47B$2.00B$1.90B
Surprise %----------------0.85%--1.02%1.26%1.12%1.10%1.03%1.03%1.41%0.97%0.99%0.95%0.97%

4 analysts predict CNI's average Quarter EBITDA for Mar 24 to be $2.57B, with a high of $3.08B and a low of $2.06B. This is 29.31% upper than Canadian National Railway Company's previous annual EBITDA (Dec 23) of $1.99B.

Canadian National Railway Company Net Income Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts6464646453581686482314132018171611111122114
Net Income----------------$2.13B--$1.22B$1.42B$1.46B$1.32B$918.00M$1.20B$1.69B$1.03B$974.00M$1.02B$985.00M
Avg Forecast$1.69B$1.57B$1.53B$1.34B$1.53B$1.38B$1.37B$1.24B$1.36B$1.23B$1.22B$1.10B$1.23B$1.08B$1.22B$1.34B$1.26B$1.08B$1.14B$1.22B$1.12B$1.27B$1.12B$964.23M$968.58M$895.38M$940.99M$981.85M$906.13M$920.09M
High Forecast$1.77B$1.64B$1.59B$1.40B$1.60B$1.44B$1.43B$1.29B$1.42B$1.28B$1.27B$1.20B$1.28B$1.13B$1.25B$1.61B$1.30B$1.22B$1.19B$1.46B$1.34B$1.27B$1.12B$1.16B$968.58M$895.38M$940.99M$1.18B$906.13M$920.09M
Low Forecast$1.62B$1.51B$1.46B$1.28B$1.46B$1.32B$1.31B$1.19B$1.30B$1.17B$1.17B$1.02B$1.19B$1.03B$1.19B$1.07B$1.21B$977.62M$1.09B$975.80M$892.15M$1.27B$1.12B$771.38M$968.58M$895.38M$940.99M$785.48M$906.13M$920.09M
Surprise %----------------1.69%--1.00%1.27%1.15%1.18%0.95%1.24%1.88%1.10%0.99%1.13%1.07%

Canadian National Railway Company's average Quarter net income forecast for Mar 24 is $1.34B, with a range of $1.07B to $1.61B. CNI's average Quarter net income forecast represents a -37.01% decrease compared to the company's last Quarter net income of $2.13B (Dec 23).

Canadian National Railway Company SG&A Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts6464646453581686482314132018171611111122114
SG&A----------------$247.00M-------------
Avg Forecast$211.86M$203.45M$205.40M$197.82M$202.24M$186.84M$192.55M$187.94M$190.59M$176.64M$180.54M$175.73M$180.73M$173.36M$186.96M$182.34M$186.04M$171.34M$175.72M$181.09M$189.24M$253.18M$241.98M$216.80M$218.54M$206.55M$215.37M$209.98M$215.70M$204.93M
High Forecast$218.88M$210.18M$212.20M$204.38M$208.94M$193.03M$198.93M$194.17M$196.90M$182.49M$186.52M$184.38M$193.33M$179.11M$193.15M$188.38M$190.64M$182.76M$181.54M$187.09M$195.51M$253.18M$241.98M$216.80M$218.54M$206.55M$215.37M$209.98M$215.70M$204.93M
Low Forecast$204.87M$196.73M$198.62M$191.29M$195.56M$180.67M$186.19M$181.73M$184.29M$170.80M$174.57M$166.54M$173.61M$167.64M$180.79M$176.32M$182.02M$163.07M$169.92M$175.11M$182.99M$253.18M$241.98M$216.80M$218.54M$206.55M$215.37M$209.98M$215.70M$204.93M
Surprise %----------------1.33%-------------

Canadian National Railway Company's average Quarter SG&A projection for Mar 24 is $182.34M, based on 4 Wall Street analysts, with a range of $176.32M to $188.38M. The forecast indicates a -26.18% fall compared to CNI last annual SG&A of $247.00M (Dec 23).

Canadian National Railway Company EPS Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts6464646453581686482314132018171611111122114
EPS----------------$3.30--$1.83$2.10$2.13$1.92$1.31$1.71$2.38$1.46$1.37$1.44$1.39
Avg Forecast$2.66$2.48$2.40$2.11$2.40$2.16$2.15$1.95$2.14$1.93$1.92$1.73$1.94$1.70$1.93$1.72$1.99$1.70$1.79$1.72$2.07$1.99$1.77$1.39$1.52$1.41$1.48$1.23$1.42$1.45
High Forecast$2.78$2.58$2.50$2.20$2.51$2.26$2.24$2.03$2.23$2.01$2.00$1.89$2.02$1.77$1.97$1.72$2.04$1.92$1.87$1.80$2.16$1.99$1.77$1.39$1.52$1.41$1.48$1.23$1.42$1.45
Low Forecast$2.55$2.37$2.30$2.02$2.30$2.07$2.06$1.86$2.05$1.84$1.83$1.61$1.87$1.62$1.88$1.71$1.90$1.54$1.72$1.65$1.98$1.99$1.77$1.39$1.52$1.41$1.48$1.23$1.42$1.45
Surprise %----------------1.66%--1.06%1.02%1.07%1.09%0.94%1.12%1.69%0.99%1.11%1.01%0.96%

According to 4 Wall Street analysts, Canadian National Railway Company's projected average Quarter EPS for Mar 24 is $1.72, with a low estimate of $1.71 and a high estimate of $1.72. This represents a -48.02% decrease compared to CNI previous annual EPS of $3.30 (Dec 23).

Canadian National Railway Company Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
CPCanadian Pacific Railway$73.52$94.5628.62%Buy
CNICanadian National Railway Company$102.95$125.0021.42%Buy
CSXCSX$32.93$38.5016.91%Buy
UNPUnion Pacific$229.88$268.6716.87%Buy
NSCNorfolk Southern$242.47$276.6714.10%Buy
WABWestinghouse Air Brake$198.19$212.507.22%Buy
TRNTrinity Industries$36.68$35.00-4.58%Buy
GBXGreenbrier Companies$65.71$56.00-14.78%Buy
FSTRL.B. Foster Company$28.55$21.00-26.44%Hold

CNI Forecast FAQ

Is Canadian National Railway Company a good buy?

Yes, according to 21 Wall Street analysts, Canadian National Railway Company (CNI) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 13 'Buy' recommendations, accounting for 61.90% of CNI's total ratings.

What is CNI's price target?

Canadian National Railway Company (CNI) average price target is $125 with a range of $119 to $130, implying a 23.55% from its last price of $101.17. The data is based on 21 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Canadian National Railway Company stock go up soon?

According to Wall Street analysts' prediction for CNI stock, the company can go up by 23.55% (from the last price of $101.17 to the average price target of $125), up by 28.50% based on the highest stock price target, and up by 17.62% based on the lowest stock price target.

Can Canadian National Railway Company stock reach $200?

CNI's average twelve months analyst stock price target of $125 does not support the claim that Canadian National Railway Company can reach $200 in the near future.

What are Canadian National Railway Company's analysts' financial forecasts?

Canadian National Railway Company's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $18.09B (high $18.69B, low $17.49B), average EBITDA is $9.7B (high $10.02B, low $9.38B), average net income is $5.51B (high $5.75B, low $5.28B), average SG&A $769.58M (high $795.07M, low $744.17M), and average EPS is $8.66 (high $9.04, low $8.29). CNI's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $19.24B (high $19.88B, low $18.6B), average EBITDA is $10.32B (high $10.66B, low $9.98B), average net income is $6.14B (high $6.4B, low $5.87B), average SG&A $818.54M (high $845.64M, low $791.5M), and average EPS is $9.65 (high $10.06, low $9.23).

Did the CNI's actual financial results beat the analysts' financial forecasts?

Based on Canadian National Railway Company's last annual report (Dec 2022), the company's revenue was $17.11B, beating the average analysts forecast of $16.5B by 3.70%. Apple's EBITDA was $9.6B, beating the average prediction of $8.5B by 12.84%. The company's net income was $5.12B, beating the average estimation of $4.47B by 14.51%. Apple's SG&A was $0, missing the average forecast of $901.21M by -100.00%. Lastly, the company's EPS was $7.46, beating the average prediction of $7.21 by 3.45%. In terms of the last quarterly report (Dec 2023), Canadian National Railway Company's revenue was $4.47B, beating the average analysts' forecast of $4.37B by 2.25%. The company's EBITDA was $1.99B, missing the average prediction of $2.35B by -15.28%. Canadian National Railway Company's net income was $2.13B, beating the average estimation of $1.26B by 68.57%. The company's SG&A was $247M, beating the average forecast of $186.04M by 32.77%. Lastly, the company's EPS was $3.3, beating the average prediction of $1.99 by 66.15%