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

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian National Railway in the last twelve months. There are currently 1 sell rating, 14 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research 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?

18 Wall Street analysts have issued 1-year price objectives for Canadian National Railway's shares. Their CNI share price targets range from $83.00 to $170.00. On average, they anticipate the company's share price to reach $128.42 in the next year. This suggests a possible upside of 9.0% 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 2023?

Canadian National Railway's stock was trading at $118.88 at the start of the year. Since then, CNI shares have decreased by 0.9% and is now trading at $117.79. View the best growth stocks for 2023 here .

Are investors shorting Canadian National Railway?

Canadian National Railway saw a increase in short interest in November. As of November 15th, there was short interest totaling 11,000,000 shares, an increase of 25.7% from the October 31st total of 8,750,000 shares. Based on an average daily trading volume, of 1,260,000 shares, the short-interest ratio is currently 8.7 days. Currently, 1.8% of the shares of the company are short sold. 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, January 23rd 2024. View our CNI earnings forecast .

How were Canadian National Railway's earnings last quarter?

Canadian National Railway (NYSE:CNI) issued its quarterly earnings results on Tuesday, October, 24th. The transportation company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.29 by $0.03. The transportation company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.01 billion. Canadian National Railway had a net margin of 29.08% and a trailing twelve-month return on equity of 23.53%.

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

Canadian National Railway announced a quarterly dividend on Tuesday, October 24th. Investors of record on Thursday, December 7th will be given a dividend of $0.5811 per share on Thursday, December 28th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, December 6th. Read our dividend analysis for CNI .

Is Canadian National Railway a good dividend stock?

Canadian National Railway (NYSE:CNI) pays an annual dividend of $2.29 per share and currently has a dividend yield of 1.95%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 41.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNI will have a dividend payout ratio of 38.75% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CNI .

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 CA (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 Wellington Management Group LLP (3.08%), Massachusetts Financial Services Co. MA (2.59%), Bank of New York Mellon Corp (2.10%), Caisse DE Depot ET Placement DU Quebec (2.02%), TD Asset Management Inc (1.74%) and Mackenzie Financial Corp (1.58%). 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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. 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

Lowest-Rated StocksLowest-Rated

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

$117.79

-0.59 (-0.50%)

(As of 12/8/2023 ET)

Compare

Today's Range: $117.77
▼
$119.45
50-Day Range: $104.54
▼
$118.76
52-Week Range: $103.96
▼
$129.47

Volume: 806,745 shs
Average Volume: 1.15 million shs
Market Capitalization: $76.38 billion

P/E Ratio: 21.53
Dividend Yield: 1.94%
Price Target: $128.42

Canadian National Railway MarketRank™ Stock Analysis

Analyst Rating: Hold
2.11 Rating Score
Upside/Downside: 9.0% Upside
$128.42 Price Target
Short Interest: Bearish
1.75% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -3.98
Upright™ Environmental Score
News Sentiment: 1.14
Based on 11 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 11.09%
From $5.32 to $5.91 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.09 out of 5 stars

Transportation Sector

48th out of 94 stocks

Railroads, Line - Haul Operating Industry

3rd out of 5 stocks

2.1

Analyst's Opinion

Consensus Rating
Canadian National Railway has received a consensus rating of Hold. The company's average rating score is 2.11, and is based on 3 buy ratings, 14 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $128.42, Canadian National Railway has a forecasted upside of 9.0% from its current price of $117.79.
Amount of Analyst Coverage
Canadian National Railway has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
1.75% of the float of Canadian National Railway has been sold short.
Short Interest Ratio / Days to Cover
Canadian National Railway has a short interest ratio ("days to cover") of 8.7.
Change versus previous month
Short interest in Canadian National Railway has recently increased by 25.71%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Canadian National Railway pays a meaningful dividend of 1.95%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Canadian National Railway has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Canadian National Railway is 41.86%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Canadian National Railway will have a dividend payout ratio of 38.75% next year. This indicates that Canadian National Railway will be able to sustain or increase its dividend.

1.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Canadian National Railway has received a -28.67% net impact score from Upright. The largest negative impact of Canadian National Railway in category "GHG emissions" seems to be driven mostly by its "Diesel rail freight transport services", "Truck freight transport services", and "Refrigerated truck freight transport services" products. See details.
Environmental Sustainability
The Environmental Impact score for Canadian National Railway is -3.98.

3.4

News and Social Media Coverage

News Sentiment
Canadian National Railway has a news sentiment score of 1.14. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Canadian National Railway this week, compared to 5 articles on an average week.
Search Interest
Only 3 people have searched for CNI on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
MarketBeat Follows
9 people have added Canadian National Railway to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Canadian National Railway insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.40% of the stock of Canadian National Railway is held by insiders.
Percentage Held by Institutions
67.60% of the stock of Canadian National Railway is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Canadian National Railway are expected to grow by 11.09% in the coming year, from $5.32 to $5.91 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Canadian National Railway is 21.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.43.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canadian National Railway is 21.53, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 12.49.
Price to Earnings Growth Ratio
Canadian National Railway has a PEG Ratio of 3.26. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Canadian National Railway has a P/B Ratio of 4.82. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Canadian National Railway Stock (NYSE:CNI)

Canadian National Railway Company, together with its subsidiaries, engages in rail and related transportation business. The company offers rail services, which include equipment, custom brokage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services including temperature controlled cargo, port partnership, transloading and distribution, logistic parks, customs brokerage, trucking, and moving grains in containers. It also provides 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 and temperature controlled cargo, and permit/overweight services; and supply chain services. In addition, it serves automotive, coal, fertilizers, temperature controlled cargo, forest products, dimensional, grain, metal and minerals, petroleum and chemicals, and consumer goods applications. Further, the company operates a network of 20,000 route miles of track and shipping Canada and the United States. Canadian National Railway Company was incorporated in 1919 and is headquartered in Montreal, Canada.

CNI Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CNI Stock News Headlines

December 8, 2023 | americanbankingnews.com

FY2023 Earnings Estimate for Canadian National Railway Issued By Zacks Research (NYSE:CNI)

December 7, 2023 | americanbankingnews.com

Canadian National Railway Expected to Earn Q4 2023 Earnings of $1.58 Per Share (NYSE:CNI)

December 8, 2023 | Wealthpress (Ad)

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November 28, 2023 | americanbankingnews.com

Canadian National Railway (NYSE:CNI) Rating Lowered to Hold at Deutsche Bank Aktiengesellschaft

November 27, 2023 | markets.businessinsider.com

Hold Rating for Canadian National Railway: Prospects, Challenges and Growth Opportunities

November 27, 2023 | msn.com

Canadian National Railway slips after Deutsche Bank turns cautious

November 7, 2023 | finance.yahoo.com

Ghislain Houle and Patrick Whitehead to Address the Scotiabank Transportation and Industrials Conference on November 15

November 6, 2023 | finance.yahoo.com

Canadian National Railway Company: Looking for more favorable entry point

December 8, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

October 31, 2023 | msn.com

Canadian National Railway announces $600M debt offering

October 26, 2023 | markets.businessinsider.com

Analysts Are Bullish on These Industrial Goods Stocks: Norfolk Southern (NSC), Canadian National Railway (CNI)

October 25, 2023 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Industrial Goods Companies: RBC Bearings (RBC), Canadian National Railway (CNI) and Polaris (PII)

October 25, 2023 | investing.com

Canadian National Railway (CNI) Earnings Dates & Reports

October 25, 2023 | msn.com

Canadian National: Leveraging Competitive Advantage For Potential Double-Digit Returns

October 25, 2023 | finance.yahoo.com

Canadian National (CNI) Q3 Earnings & Revenues Lag Estimates

October 25, 2023 | finance.yahoo.com

Canadian National Railway Company (NYSE:CNI) Q3 2023 Earnings Call Transcript

October 25, 2023 | seekingalpha.com

Canadian National Has Entered Buy Zone: Navigating Challenges, Embracing Opportunity

October 25, 2023 | finanznachrichten.de

Canadian National Railway Company: CN Announces Third Quarter Results

October 24, 2023 | finance.yahoo.com

Taking market share from trucks will require cross-industry collaboration: CN

October 24, 2023 | financialpost.com

Strikes, wildfires and falling consumer demand derail CN profits

October 24, 2023 | financialpost.com

CN Railway Misses Estimates as Consumer Goods Shipments Drop

October 23, 2023 | benzinga.com

Canadian National Railway's Earnings Outlook

October 18, 2023 | finance.yahoo.com

CN to split chief operating officer role into 2

October 18, 2023 | finance.yahoo.com

CN Announces COO Succession and Evolution of Operating Structure

October 5, 2023 | finance.yahoo.com

CN Publishes Winter Plan for 2023-2024

October 4, 2023 | financialpost.com

Reason for rail outage still under investigation after thousands stranded in GTA

October 3, 2023 | finance.yahoo.com

Internet connectivity issues affect CN’s customer service portal

See More Headlines

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Company Calendar

Ex-Dividend for 9/29 Dividend: 9/07/2023
Dividend Payable: 9/29/2023
Last Earnings: 10/24/2023
Ex-Dividend for 12/28 Dividend: 12/06/2023
Today: 12/08/2023
Dividend Payable: 12/28/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 1/23/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Railroads, line - haul operating
Sub-Industry: N/A
Sector: Transportation
Current Symbol: NYSE:CNI
CUSIP: N/A
CIK: 16868
Web: www.cn.ca
Phone: (888) 888-5909
Fax: 514-399-6090
Employees: 23,971
Year Founded: 1919

Price Target and Rating

Average Stock Price Target: $128.42
High Stock Price Target: $170.00
Low Stock Price Target: $83.00
Potential Upside/Downside: +8.3%
Consensus Rating: Hold
Rating Score (0-4): 2.11
Research Coverage: 18 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.47
Trailing P/E Ratio: 21.68
Forward P/E Ratio: 22.29
P/E Growth: 3.26
Net Income: $3.94 billion
Net Margins: 29.08%
Pretax Margin: 38.57%
Return on Equity: 23.53%
Return on Assets: 9.51%

Debt

Debt-to-Equity Ratio: 0.81
Current Ratio: 0.72
Quick Ratio: 0.56

Sales & Book Value

Annual Sales: $16.90 billion
Price / Sales: 4.55
Cash Flow: $7.84 per share
Price / Cash Flow: 15.13
Book Value: $24.44 per share
Price / Book: 4.85

Miscellaneous

Outstanding Shares: 648,418,000
Free Float: 632,856,000
Market Cap: $76.88 billion
Optionable: Optionable
Beta: 0.92

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Key Executives

Ms. Tracy A. Robinson (Age 59)
President, CEO & Director
Comp: $2.55M
Mr. Ghislain Houle (Age 59)
Executive VP & CFO
Comp: $1.35M
Mr. Dominique Malenfant (Age 61)
Executive VP and Chief Information & Technology Officer
Comp: $1.24M
Mr. Doug MacDonald
Executive VP & Chief Marketing Officer
Mr. Edmond L. Harris (Age 73)
Consultant
Comp: $519.02k
Greg Hamilton
Senior Manager of Investor Relations
Mr. Olivier Chouc
Senior VP & Chief Legal Officer
Jonathan Abecassis
Senior Manager of Media Relations
Ms. Josée Girard
Senior VP & Chief Human Resources Officer
Mr. Keith Donald Reardon
Senior Vice-President of Consumer Product Supply Chain Growth

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

CNI Stock Analysis - Frequently Asked Questions

Should I buy or sell Canadian National Railway stock right now?: 18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian National Railway in the last twelve months. There are currently 1 sell rating, 14 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research 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?: 18 Wall Street analysts have issued 1-year price objectives for Canadian National Railway's shares. Their CNI share price targets range from $83.00 to $170.00. On average, they anticipate the company's share price to reach $128.42 in the next year. This suggests a possible upside of 9.0% 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 2023?: Canadian National Railway's stock was trading at $118.88 at the start of the year. Since then, CNI shares have decreased by 0.9% and is now trading at $117.79.
View the best growth stocks for 2023 here.
Are investors shorting Canadian National Railway?: Canadian National Railway saw a increase in short interest in November. As of November 15th, there was short interest totaling 11,000,000 shares, an increase of 25.7% from the October 31st total of 8,750,000 shares. Based on an average daily trading volume, of 1,260,000 shares, the short-interest ratio is currently 8.7 days. Currently, 1.8% of the shares of the company are short sold.
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, January 23rd 2024.
View our CNI earnings forecast.
How were Canadian National Railway's earnings last quarter?: Canadian National Railway (NYSE:CNI) issued its quarterly earnings results on Tuesday, October, 24th. The transportation company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.29 by $0.03. The transportation company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.01 billion. Canadian National Railway had a net margin of 29.08% and a trailing twelve-month return on equity of 23.53%.
How often does Canadian National Railway pay dividends? What is the dividend yield for Canadian National Railway?: Canadian National Railway announced a quarterly dividend on Tuesday, October 24th. Investors of record on Thursday, December 7th will be given a dividend of $0.5811 per share on Thursday, December 28th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, December 6th.
Read our dividend analysis for CNI.

Is Canadian National Railway a good dividend stock?: Canadian National Railway (NYSE:CNI) pays an annual dividend of $2.29 per share and currently has a dividend yield of 1.95%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 41.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNI will have a dividend payout ratio of 38.75% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNI.
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 CA (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 Wellington Management Group LLP (3.08%), Massachusetts Financial Services Co. MA (2.59%), Bank of New York Mellon Corp (2.10%), Caisse DE Depot ET Placement DU Quebec (2.02%), TD Asset Management Inc (1.74%) and Mackenzie Financial Corp (1.58%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 12/8/2023 by MarketBeat.com Staff

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