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 in the third quarter of 2026, which surpasses the previous record of 7.48 million metric tonnes set in 2020 and indicates strong demand and supply-chain coordination.
• The company reported third-quarter earnings of $1.50 per share, which exceeded the consensus estimate of $1.39 by $0.11, while revenue of $3.35 billion also beat analyst expectations of $3.26 billion, demonstrating strong operational performance.
• Canadian National Railway currently trades at a stock price of $120.90, which is below the average analyst price target of $137.49, suggesting potential upside for investors as the consensus rating remains a Moderate Buy.
• The company maintains a solid dividend profile with a yield of 2.19% and a payout ratio of 46.10%, providing a steady income stream for investors while retaining sufficient earnings for future growth and operations.
• Canadian National Railway has a beta of 0.96, which is slightly below the market average of 1.0, indicating that the stock may offer slightly lower volatility compared to the broader market while still providing exposure to the transportation sector.