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 second-quarter earnings of $1.50 per share, which exceeded the consensus estimate of $1.39 by $0.11, demonstrating strong profitability with a return on equity of 22.22% and a net margin of 26.92%.
• Analysts currently assign a consensus rating of Moderate Buy with an average price target of $137.49, which represents significant upside potential from the current stock price of $120.12 as of October 19, 2026.
• Revenue for the most recent quarter reached $3.35 billion, beating the consensus estimate of $3.26 billion and marking an 11.3% increase compared to the same quarter in the prior year, reflecting robust business growth.
• The stock offers a dividend yield of 2.13% with a payout ratio of 46.10%, providing a sustainable income stream for investors while the company maintains a debt-to-equity ratio of 0.99.