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NYSE:CNI

Canadian National Railway (CNI) Stock Price, News & Analysis

$127.28
-1.51 (-1.17%)
(As of 04:10 PM ET)
Today's Range
$127.07
$128.48
50-Day Range
$125.50
$132.83
52-Week Range
$103.96
$134.02
Volume
670,191 shs
Average Volume
992,478 shs
Market Capitalization
$81.50 billion
P/E Ratio
20.08
Dividend Yield
1.97%
Price Target
$134.33

Canadian National Railway MarketRank™ Stock Analysis

Analyst Rating
Hold
2.19 Rating Score
Upside/​Downside
5.1% Upside
$134.33 Price Target
Short Interest
Healthy
1.13% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.49
Upright™ Environmental Score
News Sentiment
0.65mentions of Canadian National Railway in the last 14 days
Based on 30 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.75%
From $5.96 to $6.72 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.83 out of 5 stars

Transportation Sector

41st out of 114 stocks

Railroads, Line-Haul Operating Industry

1st out of 2 stocks

CNI stock logo

About Canadian National Railway Stock (NYSE:CNI)

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks. It offers trucking services, such as door-to-door services, import and export dray, interline services, and specialized services, comprising flatbed trucks, on-deck mobile transport trays, expedited cargo, and permit/overweight services; and supply chain services. It serves automotive, coal, fertilizers, temperature controlled cargo, forest products, dimensional, grain, metal and minerals, petroleum and chemicals, consumer goods, and third party logistics applications. The company operates a rail network of approximately 20,000 route-miles of track and shipping spanning. Canadian National Railway Company was incorporated in 1919 and is headquartered in Montreal, Canada.

CNI Stock Price History

CNI Stock News Headlines

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CN Rail releases new Indigenous relations policy
See More Headlines
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Company Calendar

Last Earnings
1/23/2024
Ex-Dividend for 3/28 Dividend
3/06/2024
Dividend Payable
3/28/2024
Today
4/16/2024
Next Earnings (Confirmed)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Railroads, line-haul operating
Sub-Industry
N/A
Employees
24,987
Year Founded
1919

Price Target and Rating

Average Stock Price Target
$134.33
High Stock Price Target
$170.00
Low Stock Price Target
$83.00
Potential Upside/Downside
+5.1%
Consensus Rating
Hold
Rating Score (0-4)
2.19
Research Coverage
21 Analysts

Profitability

Net Income
$4.17 billion
Pretax Margin
38.56%

Debt

Sales & Book Value

Annual Sales
$12.47 billion
Cash Flow
$7.57 per share
Book Value
$23.15 per share

Miscellaneous

Free Float
624,956,000
Market Cap
$81.81 billion
Optionable
Optionable
Beta
0.88

Social Links

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Key Executives

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

Pros

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

  • Canadian National Railway has a strong track record of consistent growth and profitability, making it a reliable investment option.
  • The company has a diverse transportation and logistics portfolio, including rail, intermodal, trucking, and marine transportation, providing stability and resilience.
  • Recent strategic partnerships and acquisitions have expanded Canadian National Railway's market reach and potential for future growth.
  • With a vast network of over 20,000 route-miles of track, Canadian National Railway has a significant competitive advantage in the transportation industry.
  • The current stock price of Canadian National Railway is attractive for investors looking for a value opportunity.

Cons

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

  • Market volatility and economic uncertainties could impact the company's performance and stock price.
  • Regulatory changes or disruptions in the transportation industry could pose challenges for Canadian National Railway's operations.
  • Competitive pressures from other transportation companies may limit Canadian National Railway's market share and growth potential.
  • Environmental concerns and sustainability issues could affect the company's reputation and long-term viability.
  • Fluctuations in fuel prices and operating costs may impact Canadian National Railway's profitability and financial performance.
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 Wednesday, April 10, 2024. Please send any questions or comments about these Canadian National Railway pros and cons to contact@marketbeat.com.

CNI Stock Analysis - Frequently Asked Questions

Should I buy or sell Canadian National Railway stock right now?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian National Railway in the last twelve months. There are currently 17 hold ratings and 4 buy ratings 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.
View CNI analyst ratings
or view top-rated stocks.

What is Canadian National Railway's stock price target for 2024?

21 equities research analysts have issued 12-month price targets for Canadian National Railway's shares. Their CNI share price targets range from $83.00 to $170.00. On average, they expect the company's share price to reach $134.33 in the next year. This suggests a possible upside of 5.1% from the stock's current price.
View analysts price targets for CNI
or view top-rated stocks among Wall Street analysts.

How have CNI shares performed in 2024?

Canadian National Railway's stock was trading at $125.63 at the beginning of the year. Since then, CNI stock has increased by 1.7% and is now trading at $127.77.
View the best growth stocks for 2024 here
.

Are investors shorting Canadian National Railway?

Canadian National Railway saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 7,000,000 shares, a decline of 10.5% from the March 15th total of 7,820,000 shares. Based on an average daily volume of 1,010,000 shares, the short-interest ratio is presently 6.9 days. Currently, 1.1% of the shares of the stock are sold short.
View Canadian National Railway's Short Interest
.

When is Canadian National Railway's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our CNI earnings forecast
.

How can I listen to Canadian National Railway's earnings call?

Canadian National Railway will be holding an earnings conference call on Tuesday, April 23rd at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Canadian National Railway's earnings last quarter?

Canadian National Railway (NYSE:CNI) issued its quarterly earnings data on Tuesday, January, 23rd. The transportation company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.02. The transportation company earned $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Canadian National Railway had a net margin of 33.38% and a trailing twelve-month return on equity of 23.56%.

How often does Canadian National Railway pay dividends? What is the dividend yield for Canadian National Railway?

Canadian National Railway declared a quarterly dividend on Tuesday, January 23rd. Investors of record on Thursday, March 7th will be paid a dividend of $0.638 per share on Thursday, March 28th. This represents a $2.55 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Wednesday, March 6th. This is a boost from the stock's previous quarterly dividend of $0.58.
Read our dividend analysis for CNI
.

Is Canadian National Railway a good dividend stock?

Canadian National Railway (NYSE:CNI) pays an annual dividend of $2.51 per share and currently has a dividend yield of 1.95%. The dividend payout ratio is 39.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNI will have a dividend payout ratio of 37.35% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNI.

What guidance has Canadian National Railway issued on next quarter's earnings?

Canadian National Railway issued an update on its FY 2024 earnings guidance on Tuesday, January, 23rd. The company provided EPS guidance of 5.880-5.880 for the period, compared to the consensus EPS estimate of 5.960. The company issued revenue guidance of -.

What is Jean-Jacques Ruest's approval rating as Canadian National Railway's CEO?

125 employees have rated Canadian National Railway Chief Executive Officer Jean-Jacques Ruest on Glassdoor.com. Jean-Jacques Ruest has an approval rating of 46% among the company's employees. This puts Jean-Jacques Ruest in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Canadian National Railway own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian National Railway investors own include Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Canadian National Railway (CNR), Chipotle Mexican Grill (CMG), Micron Technology (MU), NVIDIA (NVDA), Walt Disney (DIS), AT&T (T), Pfizer (PFE) and Starbucks (SBUX).

Who are Canadian National Railway's major shareholders?

Canadian National Railway's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Cardinal Capital Management Inc. (0.07%), Addenda Capital Inc. (0.07%), Osher Van de Voorde Investment Management (0.02%), Global Assets Advisory LLC (0.01%), First Financial Bank Trust Division (0.01%) and Atwater Malick LLC (0.01%).
View institutional ownership trends
.

How do I buy shares of Canadian National Railway?

Shares of CNI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Canadian National Railway have any subsidiaries?
The following companies are subsidiares of Canadian National Railway: Grand Trunk Corporation, Grand Trunk Western Railroad Company, Illinois Central Corporation, Illinois Central Railroad Company, North American Railways Inc., TransX, and Wisconsin Central Ltd.
Read More
This page (NYSE:CNI) was last updated on 4/16/2024 by MarketBeat.com Staff

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