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Canadian National Railway (CNI) Stock Forecast & Price Target

$123.04
-0.61 (-0.49%)
(As of 07/17/2024 ET)

Canadian National Railway - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 21 Wall Street analysts who have issued ratings for Canadian National Railway in the last 12 months, the stock has a consensus rating of "Hold." Out of the 21 analysts, 17 have given a hold rating, 3 have given a buy rating, and 1 has given a strong buy rating for CNI.

Consensus Price Target

$131.97
7.26% Upside
High Forecast$145.00
Average Forecast$131.97
Low Forecast$116.00

According to the 21 analysts' twelve-month price targets for Canadian National Railway, the average price target is $131.97. The highest price target for CNI is $145.00, while the lowest price target for CNI is $116.00. The average price target represents a forecasted upside of 7.26% from the current price of $123.04.

TypeCurrent Forecast
7/18/23 to 7/17/24
1 Month Ago
6/18/23 to 6/17/24
3 Months Ago
4/19/23 to 4/18/24
1 Year Ago
7/18/22 to 7/18/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
2 Buy rating(s)
4 Buy rating(s)
6 Buy rating(s)
Hold
17 Hold rating(s)
17 Hold rating(s)
17 Hold rating(s)
7 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$131.97$132.64$132.31$125.80
Forecasted Upside7.26% Upside7.18% Upside6.84% Upside6.21% Upside
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CNI Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CNI Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Canadian National Railway Stock vs. The Competition

TypeCanadian National RailwayTransportation CompaniesS&P 500
Consensus Rating Score
2.24
2.53
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside7.44% Upside28.65% Upside7.55% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/17/2024Stifel Nicolaus
4 of 5 stars
 Boost TargetHold ➝ Hold$134.00 ➝ $137.00+12.06%
7/16/2024Barclays
2 of 5 stars
 Lower TargetEqual Weight ➝ Equal Weight$130.00 ➝ $128.00+4.60%
7/10/2024Scotiabank
5 of 5 stars
K. Gupta
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UpgradeHold ➝ Strong-Buy
7/8/2024Sanford C. Bernstein
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D. Vernon
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DowngradeOutperform ➝ Market Perform$146.25 ➝ $130.67+10.81%
6/27/2024National Bank Financial
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C. Doerksen
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UpgradeSector Perform ➝ Outperform
6/25/2024Susquehanna
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 Lower TargetNeutral ➝ Neutral$142.00 ➝ $135.00+14.15%
6/7/2024Wells Fargo & Company
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 Initiated CoverageEqual Weight$130.00+2.65%
4/24/2024Stephens
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 Reiterated RatingEqual Weight ➝ Equal Weight$140.00+14.16%
4/24/2024Benchmark
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 Reiterated RatingHold
4/10/2024Bank of America
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 UpgradeNeutral ➝ Buy$140.00 ➝ $145.00+10.70%
4/8/2024Jefferies Financial Group
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 Initiated CoverageHold$130.00+0.20%
1/24/2024Citigroup
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 Boost TargetNeutral$121.00 ➝ $128.00+3.34%
1/10/2024CIBC
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 DowngradeSector Outperform ➝ Neutral
1/8/2024Susquehanna Bancshares
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 Boost TargetNeutral$115.00 ➝ $143.00+14.83%
1/8/2024TD Securities
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 DowngradeBuy ➝ Hold
11/27/2023Deutsche Bank Aktiengesellschaft
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 DowngradeBuy ➝ Hold$125.00 ➝ $121.00+4.93%
10/11/2023JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ NeutralC$167.00 ➝ C$159.00
9/21/2023Evercore ISI
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 Lower TargetIn-Line ➝ In-Line$119.00 ➝ $116.00+2.40%
9/14/2023Raymond James
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 UpgradeMarket Perform ➝ Outperform
8/1/2023Argus
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 DowngradeBuy ➝ Hold
7/31/2023Royal Bank of Canada
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 DowngradeOutperform ➝ Sector Perform
7/26/2023Desjardins
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B. Poirier
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Lower TargetC$184.00 ➝ C$181.00
7/26/2023BMO Capital Markets
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 Lower TargetC$177.00 ➝ C$175.00
5/4/2023Morgan Stanley
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 UpgradeEqual Weight ➝ Overweight
4/25/2023Credit Suisse Group
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 Boost Target$126.00 ➝ $133.00+6.91%
1/10/2023The Goldman Sachs Group
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 DowngradeNeutral ➝ Sell
12/20/2022Atb Cap Markets
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C. Murray
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Reiterated RatingSector Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 09:44 PM ET.

CNI Forecast - Frequently Asked Questions

What is Canadian National Railway's forecast for 2024?

According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for Canadian National Railway is $131.97, with a high forecast of $145.00 and a low forecast of $116.00.

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

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian National Railway in the last twelve months. There are currently 17 hold ratings, 3 buy ratings and 1 strong buy rating 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.

Does Canadian National Railway's stock price have much upside?

According to analysts, Canadian National Railway's stock has a predicted upside of 8.37% based on their 12-month stock forecasts.

Has Canadian National Railway been upgraded or downgraded by Wall Street analysts recently?

Over the previous 90 days, Canadian National Railway's stock had 2 upgrades and 1 downgrade by analysts.

What analysts cover Canadian National Railway?

Canadian National Railway has been rated by research analysts at Barclays, Benchmark, National Bank Financial, Sanford C. Bernstein, Scotiabank, Stephens, Stifel Nicolaus, Susquehanna, and Wells Fargo & Company in the past 90 days.

Do Wall Street analysts like Canadian National Railway more than its competitors?

Analysts like Canadian National Railway less than other "transportation" companies. The consensus rating for Canadian National Railway is Hold while the average consensus rating for "transportation" companies is Moderate Buy. Learn more on how CNI compares to other companies.


This page (NYSE:CNI) was last updated on 7/17/2024 by MarketBeat.com Staff

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