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

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian National Railway in the last year. There are currently 1 sell rating, 14 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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.
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18 equities research analysts have issued twelve-month target prices for Canadian National Railway's stock. Their CNI share price targets range from $83.00 to $170.00. On average, they predict 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.
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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 0.9% and is now trading at $117.85.
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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 days-to-cover ratio is presently 8.7 days. Approximately 1.8% 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, January 23rd 2024.
View our CNI earnings forecast.

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

Canadian National Railway announced a quarterly dividend on Tuesday, October 24th. Stockholders 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 is Wednesday, December 6th.
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 1.95%. 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.

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's stock is owned by many different 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.

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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