Canadian National Railway Company (CNI) Stock Forecast, Price Target & Predictions
CNI Stock Forecast
Canadian National Railway Company stock forecast is as follows: an average price target of $129.42 (represents a 8.97% upside from CNI’s last price of $118.77) and a rating consensus of 'Buy', based on 20 wall street analysts offering a 1-year stock forecast.
CNI Price Target
The average price target for Canadian National Railway Company (CNI) is $129.42 based on 1-year price targets from 20 Wall Street analysts in the past 3 months, with a price target range of $143.23 to $111.40. This represents a potential 8.97% upside from CNI's last price of $118.77.
CNI Analyst Ratings
According to 20 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%), 11 'Buy' (55.00%), 9 'Hold' (45.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Canadian National Railway Company Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 11, 2024 | Ken Hoexter | Bank of America Securities | $129.00 | $115.78 | 11.42% | 8.61% |
| Jul 24, 2024 | Christian Wetherbee | Wells Fargo | $125.00 | $119.98 | 4.18% | 5.25% |
| Jul 24, 2024 | Brandon Oglenski | National Bank | $120.00 | $119.98 | 0.02% | 1.04% |
| Jul 17, 2024 | Benjamin Nolan | Stifel Nicolaus | $137.00 | $122.39 | 11.94% | 15.35% |
| Jul 08, 2024 | David Vernon | National Bank | $130.67 | $117.92 | 10.81% | 10.02% |
| Jun 06, 2024 | Christian Wetherbee | Wells Fargo | $130.00 | $126.64 | 2.65% | 9.46% |
| Apr 12, 2024 | Benjamin Nolan | Stifel Nicolaus | $134.00 | $129.43 | 3.53% | 12.82% |
| Apr 08, 2024 | Stephanie Moore | National Bank | $130.00 | $129.74 | 0.20% | 9.46% |
| Mar 28, 2024 | Bascome Majors | Susquehanna | $140.00 | $131.65 | 6.34% | 17.87% |
| Mar 21, 2024 | Ken Hoexter | National Bank | $140.00 | $132.83 | 5.40% | 17.87% |
The latest Canadian National Railway Company stock forecast, released on Sep 11, 2024 by Ken Hoexter from Bank of America Securities, set a price target of $129.00, which represents a 11.42% increase from the stock price at the time of the forecast ($115.78), and a 8.61% increase from CNI last price ($118.77).
Canadian National Railway Company Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 5 | 10 |
| Avg Price Target | $129.00 | $128.33 | $131.57 |
| Last Closing Price | $118.77 | $118.77 | $118.77 |
| Upside/Downside | 8.61% | 8.05% | 10.78% |
In the current month, the average price target of Canadian National Railway Company stock is $129.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 8.61% increase as opposed to Canadian National Railway Company's last price of $118.77. This month's average price target is up 0.52% compared to last quarter, and down -1.95% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 12, 2024 | National Bank | Outperform | Outperform | Hold |
| Sep 11, 2024 | Raymond James | Outperform | Outperform | Hold |
| Sep 11, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Jul 24, 2024 | Desjardins | Buy | Buy | Hold |
| Jul 24, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Jul 24, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Jul 23, 2024 | National Securities Corporation | Outperform | Outperform | Hold |
| Jul 10, 2024 | Kansas City Capital | - | Outperform | Upgrade |
| Jul 09, 2024 | Scotiabank | - | Outperform | Upgrade |
| Jul 08, 2024 | Bernstein | - | Market Perform | Downgrade |
Canadian National Railway Company's last stock rating was published by National Bank on Sep 12, 2024. The company gave CNI a "Outperform" rating, the same as its previous rate.
Canadian National Railway Company Financial Forecast
Canadian National Railway Company Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 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 | $5.28B | $5.08B | $5.09B | $4.88B | $4.96B | $4.82B | $4.76B | $4.63B | $4.79B | $4.47B | $4.49B | $4.40B | $4.56B | $4.27B | $4.39B | $4.29B | $4.37B | $4.03B | $4.13B | $4.26B | $4.45B | $4.28B | $4.10B | $2.94B | $2.90B | $2.76B | $2.95B | $2.83B | $2.86B | $2.61B |
| High Forecast | $5.58B | $5.37B | $5.37B | $5.16B | $5.24B | $5.09B | $5.03B | $4.90B | $5.06B | $4.73B | $4.74B | $4.65B | $4.82B | $4.38B | $4.64B | $4.53B | $4.48B | $4.30B | $4.36B | $4.50B | $4.70B | $4.53B | $4.10B | $3.06B | $3.02B | $2.87B | $3.07B | $2.95B | $2.98B | $2.72B |
| Low Forecast | $4.85B | $4.67B | $4.68B | $4.49B | $4.56B | $4.43B | $4.37B | $4.26B | $4.41B | $4.11B | $4.12B | $4.05B | $4.19B | $4.12B | $4.04B | $3.94B | $4.28B | $3.83B | $3.80B | $3.91B | $4.09B | $3.94B | $4.10B | $2.82B | $2.79B | $2.65B | $2.83B | $2.72B | $2.75B | $2.51B |
| # Analysts | 13 | 8 | 8 | 9 | 13 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 16 | 8 | 4 | 8 | 23 | 13 | 12 | 19 | 18 | 18 | 18 | 11 | 11 | 11 | 3 | 3 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | - | - | 1.01% | 1.02% | 1.05% | 1.06% | 1.26% | 1.29% | 1.30% | 1.22% | 1.25% | 1.28% | 1.31% |
Canadian National Railway Company's average Quarter revenue forecast for Mar 24 based on 4 analysts is $4.29B, with a low forecast of $3.94B, and a high forecast of $4.53B. 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 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 13 | 8 | 8 | 9 | 13 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 16 | 8 | 4 | 8 | 23 | 13 | 12 | 19 | 18 | 18 | 18 | 11 | 11 | 11 | 3 | 3 | 3 |
| 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 | $2.89B | $2.78B | $2.79B | $2.67B | $2.72B | $2.64B | $2.61B | $2.54B | $2.63B | $2.45B | $2.46B | $2.41B | $2.50B | $2.34B | $2.41B | $2.57B | $2.40B | $2.21B | $2.26B | $2.34B | $2.44B | $2.73B | $2.24B | $1.85B | $1.59B | $2.48B | $1.92B | $1.84B | $1.88B | $1.94B |
| High Forecast | $3.06B | $2.94B | $2.94B | $2.83B | $2.87B | $2.79B | $2.75B | $2.68B | $2.78B | $2.59B | $2.60B | $2.55B | $2.64B | $2.40B | $2.54B | $3.08B | $2.46B | $2.35B | $2.39B | $2.80B | $2.58B | $3.28B | $2.24B | $2.22B | $1.66B | $2.98B | $2.30B | $2.21B | $2.25B | $2.32B |
| Low Forecast | $2.66B | $2.56B | $2.56B | $2.46B | $2.50B | $2.43B | $2.40B | $2.34B | $2.41B | $2.25B | $2.26B | $2.22B | $2.30B | $2.26B | $2.21B | $2.06B | $2.34B | $2.10B | $2.08B | $1.87B | $2.24B | $2.19B | $2.24B | $1.48B | $1.53B | $1.99B | $1.54B | $1.47B | $1.50B | $1.55B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.83% | - | - | 1.02% | 1.07% | 0.96% | 1.10% | 1.03% | 1.31% | 1.09% | 1.01% | 0.99% | 1.01% | 0.95% |
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 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 13 | 8 | 8 | 9 | 13 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 16 | 8 | 4 | 8 | 23 | 13 | 12 | 19 | 18 | 18 | 18 | 11 | 11 | 11 | 3 | 3 | 3 |
| 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 | $1.78B | $1.67B | $1.63B | $1.39B | $1.60B | $1.54B | $1.47B | $1.30B | $1.49B | $1.37B | $1.30B | $1.18B | $1.35B | $1.20B | $1.22B | $1.34B | $1.26B | $1.08B | $1.14B | $1.22B | $1.31B | $1.70B | $1.13B | $964.23M | $985.93M | $1.55B | $1.03B | $981.85M | $1.01B | $1.04B |
| High Forecast | $1.91B | $1.79B | $1.75B | $1.49B | $1.72B | $1.66B | $1.58B | $1.40B | $1.60B | $1.47B | $1.40B | $1.27B | $1.44B | $1.28B | $1.31B | $1.61B | $1.30B | $1.22B | $1.22B | $1.46B | $1.41B | $2.05B | $1.13B | $1.16B | $1.04B | $1.86B | $1.23B | $1.18B | $1.22B | $1.25B |
| Low Forecast | $1.60B | $1.49B | $1.46B | $1.24B | $1.44B | $1.38B | $1.31B | $1.17B | $1.33B | $1.23B | $1.17B | $1.06B | $1.20B | $1.10B | $1.10B | $1.07B | $1.21B | $977.62M | $1.02B | $975.80M | $1.18B | $1.36B | $1.13B | $771.38M | $937.02M | $1.24B | $820.31M | $785.48M | $811.05M | $831.18M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.69% | - | - | 1.00% | 1.08% | 0.85% | 1.17% | 0.95% | 1.22% | 1.09% | 1.01% | 0.99% | 1.01% | 0.95% |
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 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 13 | 8 | 8 | 9 | 13 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 16 | 8 | 4 | 8 | 23 | 13 | 12 | 19 | 18 | 18 | 18 | 11 | 11 | 11 | 3 | 3 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $247.00M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $311.82M | $300.20M | $300.50M | $288.32M | $293.13M | $284.56M | $281.16M | $273.87M | $283.23M | $264.30M | $265.08M | $260.18M | $269.51M | $252.58M | $259.66M | $253.24M | $258.39M | $237.97M | $244.05M | $251.51M | $262.83M | $253.18M | $241.98M | $173.52M | $171.47M | $163.01M | $174.14M | $167.15M | $168.93M | $154.01M |
| High Forecast | $329.49M | $317.21M | $317.53M | $304.65M | $309.74M | $300.69M | $297.09M | $289.39M | $299.28M | $279.27M | $280.10M | $274.92M | $284.78M | $259.02M | $274.37M | $267.59M | $264.77M | $253.82M | $257.88M | $265.76M | $277.72M | $267.53M | $241.98M | $180.79M | $178.66M | $169.85M | $181.44M | $174.16M | $176.01M | $160.47M |
| Low Forecast | $286.70M | $276.02M | $276.30M | $265.09M | $269.52M | $261.64M | $258.51M | $251.81M | $260.42M | $243.00M | $243.73M | $239.22M | $247.80M | $243.73M | $238.74M | $232.84M | $252.80M | $226.48M | $224.39M | $231.25M | $241.66M | $232.79M | $241.98M | $166.89M | $164.93M | $156.79M | $167.50M | $160.77M | $162.48M | $148.13M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.96% | - | - | - | - | - | - | - | - | - | - | - | - | - |
Canadian National Railway Company's average Quarter SG&A projection for Mar 24 is $253.24M, based on 4 Wall Street analysts, with a range of $232.84M to $267.59M. The forecast indicates a 2.53% rise compared to CNI last annual SG&A of $247.00M (Dec 23).
Canadian National Railway Company EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 13 | 8 | 8 | 9 | 13 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 16 | 8 | 4 | 8 | 23 | 13 | 12 | 19 | 18 | 18 | 18 | 11 | 11 | 11 | 3 | 3 | 3 |
| 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 | $2.80 | $2.62 | $2.57 | $2.18 | $2.52 | $2.42 | $2.31 | $2.05 | $2.34 | $2.16 | $2.05 | $1.86 | $2.12 | $1.88 | $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 | $3.01 | $2.81 | $2.75 | $2.34 | $2.71 | $2.60 | $2.48 | $2.20 | $2.51 | $2.32 | $2.20 | $1.99 | $2.27 | $2.01 | $2.07 | $1.84 | $2.04 | $1.92 | $1.92 | $1.85 | $2.22 | $2.14 | $1.77 | $1.46 | $1.61 | $1.48 | $1.56 | $1.30 | $1.50 | $1.53 |
| Low Forecast | $2.51 | $2.34 | $2.30 | $1.95 | $2.26 | $2.17 | $2.06 | $1.83 | $2.10 | $1.93 | $1.83 | $1.66 | $1.89 | $1.73 | $1.72 | $1.54 | $1.90 | $1.54 | $1.60 | $1.54 | $1.85 | $1.78 | $1.77 | $1.32 | $1.45 | $1.34 | $1.41 | $1.17 | $1.35 | $1.37 |
| 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 $1.54 and a high estimate of $1.84. 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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| GBX | Greenbrier Companies | $48.07 | $56.00 | 16.50% | Buy |
| CSX | CSX | $33.52 | $37.63 | 12.26% | Buy |
| NSC | Norfolk Southern | $245.80 | $271.22 | 10.34% | Buy |
| CNI | Canadian National Railway Company | $118.77 | $129.42 | 8.97% | Buy |
| FSTR | L.B. Foster Company | $19.86 | $21.00 | 5.74% | Hold |
| CP | Canadian Pacific Railway | $86.32 | $87.53 | 1.40% | Buy |
| UNP | Union Pacific | $249.12 | $247.56 | -0.63% | Buy |
| TRN | Trinity Industries | $31.90 | $30.00 | -5.96% | Buy |
| WAB | Westinghouse Air Brake | $168.98 | $147.20 | -12.89% | Buy |
CNI Forecast FAQ
Is Canadian National Railway Company a good buy?
Yes, according to 20 Wall Street analysts, Canadian National Railway Company (CNI) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 11 'Buy' recommendations, accounting for 55.00% of CNI's total ratings.
What is CNI's price target?
Canadian National Railway Company (CNI) average price target is $129.42 with a range of $111.4 to $143.23, implying a 8.97% from its last price of $118.77. The data is based on 20 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 8.97% (from the last price of $118.77 to the average price target of $129.42), up by 20.60% based on the highest stock price target, and down by -6.20% 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 $129.42 does not support the claim that Canadian National Railway Company can reach $200 in the near future.
What is Canadian National Railway Company's current price target trend?
1 Wall Street analyst forecast a $129 price target for Canadian National Railway Company (CNI) this month, up 8.61% from its last price of $118.77. Compared to the last 3 and 12 months, the average price target increased by 8.05% and increased by 10.78%, respectively.
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 $19.17B (high $20.26B, low $17.63B), average EBITDA is $10.5B (high $11.1B, low $9.66B), average net income is $5.92B (high $6.35B, low $5.3B), average SG&A $1.13B (high $1.2B, low $1.04B), and average EPS is $9.3 (high $9.98, low $8.32). CNI's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $20.32B (high $21.47B, low $18.69B), average EBITDA is $11.14B (high $11.77B, low $10.24B), average net income is $6.47B (high $6.94B, low $5.79B), average SG&A $1.2B (high $1.27B, low $1.1B), and average EPS is $10.17 (high $10.91, low $9.1).
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 $15.76B by 8.52%. Apple's EBITDA was $9.6B, beating the average prediction of $9.26B by 3.63%. The company's net income was $5.12B, missing the average estimation of $5.12B by -0.00%. Apple's SG&A was $0, missing the average forecast of $931.51M 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 $2.4B by -17.07%. 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, missing the average forecast of $258.39M by -4.41%. Lastly, the company's EPS was $3.3, beating the average prediction of $1.99 by 66.15%