Canadian National Railway (CNI) Stock Forecast & Price Target

$118.72

+2.77 (+2.39%)

(As of 12/1/2023 ET)

Today's Range: $115.80
▼
$118.87
50-Day Range: $104.54
▼
$118.76
52-Week Range: $103.96
▼
$129.47

Volume: 1.17 million shs
Average Volume: 1.18 million shs
Market Capitalization: $76.98 billion

P/E Ratio: 21.70
Dividend Yield: 1.95%
Price Target: $128.42

Canadian National Railway Consensus Analyst Rating 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.

Analysts' Consensus Rating

Hold
Based on 19 Analyst Ratings

Analysts' Consensus Price Target

$121.73
2.53% Upside

High Forecast	$140.00
Average Forecast	$121.73
Low Forecast	$113.00

Type	Current Forecast 12/2/22 to 12/2/23	1 Month Ago 11/2/22 to 11/2/23	3 Months Ago 9/3/22 to 9/3/23	1 Year Ago 12/2/21 to 12/2/22
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	8 Buy rating(s)
Hold	14 Hold rating(s)	13 Hold rating(s)	9 Hold rating(s)	9 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$121.73	$121.80	$125.10	$129.36
Predicted Upside	2.53% Upside	9.16% Upside	6.27% Upside	10.68% Upside

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CNI Analyst Ratings 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.

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.

Canadian National Railway Stock vs. The Competition

Type	Canadian National Railway	Transportation Companies	S&P 500
Consensus Rating Score	2.16	2.51	2.49
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	2.50% Upside	3,561.26% Upside	2,867.40% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/27/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$125.00 ➝ $121.00	+4.93%
10/25/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$115.00 ➝ $117.00	+10.25%
10/25/2023	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$112.00 ➝ $115.00	+8.32%
10/25/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$109.00 ➝ $113.00	+6.88%
10/11/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	C$167.00 ➝ C$159.00
10/5/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$131.00 ➝ $115.00	+8.03%
Get the Latest News and Ratings for CNI and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Canadian National Railway and its competitors with MarketBeat's FREE daily newsletter.
10/4/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$171.00 ➝ C$168.00
10/3/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$125.00 ➝ $122.00	+14.64%
9/27/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	C$172.00 ➝ C$170.00
9/21/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperformer ➝ Outperformer	C$175.00 ➝ C$173.00
9/21/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	In-Line ➝ In-Line	$119.00 ➝ $116.00	+2.40%
9/14/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform
8/1/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
7/31/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Sector Perform
7/26/2023	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Poirier Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$184.00 ➝ C$181.00
7/26/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$177.00 ➝ C$175.00
7/26/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$124.00 ➝ $122.00	+2.88%
5/4/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight
4/25/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$115.00 ➝ $125.00	+0.48%
4/25/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$126.00 ➝ $133.00	+6.91%
1/10/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Sell
12/20/2022	Atb Cap Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Murray Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Sector Perform

(Data available from 12/2/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

CNI Price Target - Frequently Asked Questions

What is Canadian National Railway's consensus rating and price target?: According to the issued ratings of 19 analysts in the last year, the consensus rating for Canadian National Railway stock is Hold based on the current 1 sell rating, 14 hold ratings and 4 buy ratings for CNI. The average twelve-month price prediction for Canadian National Railway is $121.73 with a high price target of $140.00 and a low price target of $113.00. Learn more on CNI's analyst rating history.
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.
Is Canadian National Railway being upgraded or downgraded by Wall Street analysts?: Over the previous 90 days, Canadian National Railway's stock had 2 downgrades and 1 upgrade by analysts.

Does Canadian National Railway's stock price have much upside?: According to analysts, Canadian National Railway's stock has a predicted upside of 8.77% based on their 12-month stock forecasts.
What analysts cover Canadian National Railway?: Canadian National Railway has been rated by Bank of America, Barclays, CIBC, Citigroup, Deutsche Bank Aktiengesellschaft, Evercore ISI, JPMorgan Chase & Co., National Bank Financial, Raymond James, Scotiabank, Stifel Nicolaus, and Susquehanna in the past 90 days.

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This page (NYSE:CNI) was last updated on 12/2/2023 by MarketBeat.com Staff

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