Canadian National Railway (CNI) Stock Forecast & Price Target

Canadian National Railway
Bull Case

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

• Canadian National Railway recently set a new quarterly record for grain movement, transporting 7.94 million metric tonnes from Western Canada in the third quarter, which surpasses the previous record of 7.48 million metric tonnes set in 2020 and indicates strong demand for its logistics services.
• The company reported second-quarter earnings of $1.50 per share, beating the consensus estimate of $1.39 by $0.11, while revenue grew 11.3% year-over-year to $3.35 billion, demonstrating robust operational performance and profitability with a net margin of 26.92%.
• Canadian National Railway offers a dividend yield of 2.18% with a payout ratio of 46.10%, providing a steady income stream for investors while maintaining a sustainable level of cash distribution relative to its earnings.
• Analysts maintain a Moderate Buy consensus with an average price target of $137.49, which suggests approximately 18.8% upside potential from the current stock price of $115.66, reflecting institutional confidence in the company's future growth.
• The stock has demonstrated strong momentum by crossing above its 200-day moving average of $118.12 in early October, a technical indicator that often signals a shift toward a longer-term bullish trend for investors.