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

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian National Railway in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 7 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.
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16 brokerages have issued 12-month target prices for Canadian National Railway's shares. Their CNI share price forecasts range from $109.00 to $180.00. On average, they predict the company's stock price to reach $143.22 in the next twelve months. This suggests a possible upside of 24.5% from the stock's current price.
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Canadian National Railway's stock was trading at $118.88 at the beginning of 2023. Since then, CNI shares have decreased by 3.2% and is now trading at $115.06.
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Canadian National Railway saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 6,250,000 shares, an increase of 21.4% from the April 30th total of 5,150,000 shares. Based on an average daily volume of 1,190,000 shares, the short-interest ratio is presently 5.3 days. Approximately 1.0% of the shares of the stock are sold short.
View Canadian National Railway's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our CNI earnings forecast.

Canadian National Railway will be holding an earnings conference call on Tuesday, July 25th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Canadian National Railway (NYSE:CNI) released its quarterly earnings data on Monday, October, 18th. The transportation company reported $1.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.40. The transportation company earned $3.59 billion during the quarter, compared to the consensus estimate of $3.51 billion. Canadian National Railway had a net margin of 30.61% and a trailing twelve-month return on equity of 25.00%. The company's revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.04 EPS.

Canadian National Railway declared a quarterly dividend on Monday, April 24th. Stockholders of record on Friday, June 9th will be paid a dividend of $0.5835 per share on Friday, June 30th. This represents a $2.33 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Thursday, June 8th.
Read our dividend analysis for CNI.

Canadian National Railway (NYSE:CNI) pays an annual dividend of $2.29 per share and currently has a dividend yield of 1.96%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 37.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNI will have a dividend payout ratio of 35.50% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNI.

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.

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).

Canadian National Railway trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNI."

Canadian National Railway's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Wellington Management Group LLP (3.06%), Bank of New York Mellon Corp (2.06%), Mackenzie Financial Corp (1.71%), FIL Ltd (1.47%), Jarislowsky Fraser Ltd (1.44%) and Egerton Capital UK LLP (1.31%).
View institutional ownership trends.

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.
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One share of CNI stock can currently be purchased for approximately $115.06.

Canadian National Railway (NYSE:CNI) has a market capitalization of $76.32 billion and generates $13.16 billion in revenue each year. The transportation company earns $3.94 billion in net income (profit) each year or $6.03 on an earnings per share basis.

The company employs 23,971 workers across the globe.

Canadian National Railway's mailing address is 935 DE LA GAUCHETIERE ST W, MONTREAL A8, H3B 2M9. The official website for the company is www.cn.ca. The transportation company can be reached via phone at (888) 888-5909 or via fax at 514-399-6090.