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

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian National Railway in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CNR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CNR, but not buy additional shares or sell existing shares. View CNR analyst ratings or view top-rated stocks .

What is Canadian National Railway's stock price target for 2024?

13 Wall Street analysts have issued 1-year target prices for Canadian National Railway's stock. Their CNR share price targets range from C$164.00 to C$195.00. On average, they predict the company's stock price to reach C$183.00 in the next year. This suggests a possible upside of 4.6% from the stock's current price. View analysts price targets for CNR or view top-rated stocks among Wall Street analysts .

How have CNR shares performed in 2024?

Canadian National Railway's stock was trading at C$166.55 at the beginning of 2024. Since then, CNR shares have increased by 5.0% and is now trading at C$174.93. View the best growth stocks for 2024 here .

When is Canadian National Railway's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024. View our CNR earnings forecast .

How were Canadian National Railway's earnings last quarter?

Canadian National Railway (TSE:CNR) posted its quarterly earnings data on Tuesday, January, 23rd. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.06. The company had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.38 billion. Canadian National Railway had a net margin of 33.43% and a trailing twelve-month return on equity of 27.11%.

How often does Canadian National Railway pay dividends? What is the dividend yield for Canadian National Railway?

Canadian National Railway declared a quarterly dividend on Tuesday, January 23rd. Investors of record on Thursday, March 7th will be paid a dividend of 0.845 per share on Thursday, March 28th. This represents a $3.38 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Wednesday, March 6th. This is a positive change from the stock's previous quarterly dividend of C$0.79. Read our dividend analysis for CNR .

Is Canadian National Railway a good dividend stock?

Canadian National Railway (TSE:CNR) pays an annual dividend of C$3.38 per share and currently has a dividend yield of 1.91%. The dividend payout ratio is 39.62%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for CNR .

What other stocks do shareholders of Canadian National Railway own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian National Railway investors own include Intact Financial (IFC) , Constellation Software (CSU) , Toronto-Dominion Bank (TD) , Alimentation Couche-Tard (ATD.B) , Bank of Nova Scotia (BNS) , Royal Bank of Canada (RY) , BCE (BCE) , Enbridge (ENB) , Canadian National Railway (CNI) and Dollarama (DOL) .

How do I buy shares of Canadian National Railway?

Shares of CNR stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:CNR

Canadian National Railway (CNR) Stock Price, News & Analysis

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Free CNR Stock Alerts

C$174.93

-0.95 (-0.54%)

(As of 04/17/2024 ET)

Compare

Today's Range: C$172.62
▼
C$176.85
50-Day Range: C$170.25
▼
C$179.65
52-Week Range: C$143.13
▼
C$181.34

Volume: 1.00 million shs
Average Volume: 955,254 shs
Market Capitalization: C$112.00 billion

P/E Ratio: 20.51
Dividend Yield: 1.93%
Price Target: C$183.00

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Get Canadian National Railway alerts:

Canadian National Railway MarketRank™ Stock Analysis

Analyst Rating: Hold
2.23 Rating Score
Upside/Downside: 4.6% Upside
C$183.00 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.19
Based on 12 Articles This Week
Insider Trading: Acquiring Shares
C$1.10 M Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.93 out of 5 stars

2.1

Analyst's Opinion

Consensus Rating
Canadian National Railway has received a consensus rating of Hold. The company's average rating score is 2.23, and is based on 4 buy ratings, 8 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Canadian National Railway has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for CNR.

1.7

Dividend Strength

Dividend Yield
Canadian National Railway pays a meaningful dividend of 1.91%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Canadian National Railway does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Canadian National Railway is 39.62%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CNR.

2.3

News and Social Media Coverage

News Sentiment
Canadian National Railway has a news sentiment score of 0.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.30 average news sentiment score of Industrials companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for Canadian National Railway this week, compared to 3 articles on an average week.
Search Interest
Only 9 people have searched for CNR on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.
MarketBeat Follows
5 people have added Canadian National Railway to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Canadian National Railway insiders have bought 220.28% more of their company's stock than they have sold. Specifically, they have bought C$1,097,211.00 in company stock and sold C$342,577.00 in company stock.
Percentage Held by Insiders
Only 1.67% of the stock of Canadian National Railway is held by insiders.
Percentage Held by Institutions
78.81% of the stock of Canadian National Railway is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Canadian National Railway is 20.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.03.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canadian National Railway is 20.51, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 307.78.
Price to Earnings Growth Ratio
Canadian National Railway has a PEG Ratio of 2.06. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Canadian National Railway has a P/B Ratio of 5.59. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Canadian National Railway Stock (TSE:CNR)

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks. It offers trucking services, such as door-to-door services, import and export dray, interline services, and specialized services, comprising flatbed trucks, on-deck mobile transport trays, expedited cargo, and permit/overweight services; and supply chain services. It serves automotive, coal, fertilizers, temperature controlled cargo, forest products, dimensional, grain, metal and minerals, petroleum and chemicals, consumer goods, and third party logistics applications. The company operates a rail network of approximately 20,000 route-miles of track and shipping spanning. Canadian National Railway Company was incorporated in 1919 and is headquartered in Montreal, Canada.

CNR Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CNR Stock News Headlines

March 28, 2024 | insidertrades.com

Shauneen Elizabeth Bruder Acquires 488 Shares of Canadian National Railway (TSE:CNR) Stock

April 16, 2024 | americanbankingnews.com

Canadian National Railway (TSE:CNR) Price Target Raised to C$195.00 at Sanford C. Bernstein

April 17, 2024 | American Alternative (Ad)

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April 16, 2024 | americanbankingnews.com

Canadian National Railway (CNR) to Release Earnings on Tuesday

April 14, 2024 | americanbankingnews.com

Desjardins Increases Canadian National Railway (TSE:CNR) Price Target to C$195.00

April 13, 2024 | americanbankingnews.com

Canadian National Railway (TSE:CNR) Given Consensus Rating of "Hold" by Brokerages

April 13, 2024 | americanbankingnews.com

Analysts Issue Forecasts for Canadian National Railway's Q2 2024 Earnings (TSE:CNR)

April 9, 2024 | msn.com

Better Stock: CNR or CP

April 17, 2024 | American Alternative (Ad)

Your Money is Not Safe

April 9, 2024 | theglobeandmail.com

New LNG entrant plots rail shipments in B.C., avoiding need for long pipeline

April 8, 2024 | americanbankingnews.com

Q2 2024 EPS Estimates for Canadian National Railway (TSE:CNR) Decreased by Analyst

April 5, 2024 | finanznachrichten.de

Canadian National Railway Company: CN Continues to Advance Decarbonization Efforts with EMD Mainline Hybrid Locomotive from Progress Rail

April 3, 2024 | msn.com

2 Stocks With Dividend Growth, Through Good Times and Bad

March 15, 2024 | finance.yahoo.com

Canadian National Railway (TSE:CNR) Has More To Do To Multiply In Value Going Forward

March 9, 2024 | msn.com

Better Stock: CNR vs CP

March 4, 2024 | msn.com

Federal Court judge scraps Ottawa's green light for CN Rail hub in Ontario

February 22, 2024 | msn.com

This Homegrown Railroad Is a No-Brainer Value Stock

February 16, 2024 | finance.yahoo.com

CN Files a Notice of Dispute

February 16, 2024 | ca.finance.yahoo.com

Canadian National Railway Company (CNR.TO)

February 12, 2024 | msn.com

Better Buy in February 2024: BNS Stock vs. Canadian National Railway Stock

February 9, 2024 | msn.com

Better Buy in February 2024: Aritzia Stock vs. Canadian National Railway Stock

February 1, 2024 | msn.com

Passive Income: 3 Safe Dividend Stocks to Own for the Next Decade

January 31, 2024 | msn.com

RRSP Investors: Is CNR Stock a Buy Today?

January 29, 2024 | theglobeandmail.com

PlasCred Circular Innovations Inc. Enters MOU with CN Rail

January 29, 2024 | finance.yahoo.com

The Zacks Analyst Blog Highlights Simmons First National, Independent Bank, S&P Global, HBT Financial and Canadian National Railway

January 24, 2024 | nasdaq.com

Canadian National Railway Co Q4 Profit Increases, beats estimates

January 23, 2024 | theglobeandmail.com

CN Rail revenues and efficiency slip, but CEO predicts growth

See More Headlines

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Company Calendar

Last Earnings: 1/23/2024
Ex-Dividend for 3/28 Dividend: 3/06/2024
Dividend Payable: 3/28/2024
Today: 4/17/2024
Next Earnings (Confirmed): 4/23/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Industrials
Industry: Railroads
Sub-Industry: N/A
Current Symbol: TSE:CNR
CUSIP: N/A
CIK: N/A
Web: www.cn.ca
Phone: +1-514-3996569
Fax: N/A
Employees: 24,987
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$183.00
High Stock Price Target: C$195.00
Low Stock Price Target: C$164.00
Potential Upside/Downside: +4.6%
Consensus Rating: Hold
Rating Score (0-4): 2.23
Research Coverage: 13 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$8.53
Trailing P/E Ratio: 20.51
Forward P/E Ratio: 21.83
P/E Growth: 2.06
Net Income: C$5.62 billion
Net Margins: 33.43%
Pretax Margin: N/A
Return on Equity: 27.11%
Return on Assets: 8.56%

Debt

Debt-to-Equity Ratio: 93.89
Current Ratio: 0.61
Quick Ratio: 0.58

Sales & Book Value

Annual Sales: C$16.83 billion
Price / Sales: 6.65
Cash Flow: C$0.61 per share
Price / Cash Flow: 285.86
Book Value: C$31.30 per share
Price / Book: 5.59

Miscellaneous

Outstanding Shares: 640,240,000
Free Float: N/A
Market Cap: C$112.00 billion
Optionable: Not Optionable
Beta: 0.65

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Key Executives

Ms. Tracy A. Robinson (Age 60)
President, CEO & Director
Comp: $2.62M
Mr. Ghislain Houle (Age 60)
Executive VP & CFO
Comp: $1.42M
Mr. Dominique Malenfant (Age 62)
Executive VP and Chief Information & Technology Officer
Comp: $1.3M
Mr. Doug MacDonald
Executive VP & Chief Marketing Officer
Mr. Derek Taylor
Executive VP & Chief Field Operating Officer
Mr. Patrick Timothy Whitehead
Executive VP & Chief Network Operating Officer
Greg Hamilton
Senior Manager of Investor Relations
Mr. Olivier Chouc
Senior VP & Chief Legal Officer
Jonathan Abecassis
Senior Manager of Media Relations
Ms. Josée Girard
Senior VP & Chief Human Resources Officer

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

Should I Buy Canadian National Railway Stock? CNR Pros and Cons Explained

Pros

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

Canadian National Railway's stock price has been steadily increasing, indicating positive investor sentiment and potential for capital appreciation.
The company operates a vast rail network of approximately 20,000 route-miles, providing a strong foundation for consistent revenue generation.
Canadian National Railway offers diverse transportation and logistics services, catering to a wide range of industries, which can help mitigate risks associated with economic fluctuations in specific sectors.
With a market capitalization of C$114.29 billion, Canadian National Railway is a well-established and financially stable company, offering a sense of security to investors.
The company's strategic partnerships and continuous business development initiatives position it well for long-term growth and profitability in the transportation and logistics industry.

Cons

Investors should be bearish about investing in Canadian National Railway for these reasons:

Canadian National Railway's debt-to-equity ratio of 93.89 is significantly high, indicating a heavy reliance on debt financing which can pose risks in case of economic downturns or rising interest rates.
The company's current ratio of 0.61 and quick ratio of 0.58 suggest potential liquidity challenges in meeting short-term obligations, which could impact operational efficiency and financial stability.
Despite positive analyst ratings, the stock has received a "hold" average rating, indicating mixed opinions on its future performance and growth prospects.
Canadian National Railway's PE ratio of 20.93 and price-to-earnings-growth ratio of 2.06 may suggest that the stock is currently trading at a premium valuation, potentially limiting immediate upside for investors.
While the company has shown resilience, the transportation and logistics industry is subject to regulatory changes, economic uncertainties, and competitive pressures, which could affect Canadian National Railway's profitability and stock performance.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Canadian National Railway pros and cons to contact@marketbeat.com.

CNR Stock Analysis - Frequently Asked Questions

Should I buy or sell Canadian National Railway stock right now?: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian National Railway in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CNR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CNR, but not buy additional shares or sell existing shares.
View CNR analyst ratings or view top-rated stocks.
What is Canadian National Railway's stock price target for 2024?: 13 Wall Street analysts have issued 1-year target prices for Canadian National Railway's stock. Their CNR share price targets range from C$164.00 to C$195.00. On average, they predict the company's stock price to reach C$183.00 in the next year. This suggests a possible upside of 4.6% from the stock's current price.
View analysts price targets for CNR or view top-rated stocks among Wall Street analysts.
How have CNR shares performed in 2024?: Canadian National Railway's stock was trading at C$166.55 at the beginning of 2024. Since then, CNR shares have increased by 5.0% and is now trading at C$174.93.
View the best growth stocks for 2024 here.
When is Canadian National Railway's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our CNR earnings forecast.
How were Canadian National Railway's earnings last quarter?: Canadian National Railway (TSE:CNR) posted its quarterly earnings data on Tuesday, January, 23rd. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.06. The company had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.38 billion. Canadian National Railway had a net margin of 33.43% and a trailing twelve-month return on equity of 27.11%.

How often does Canadian National Railway pay dividends? What is the dividend yield for Canadian National Railway?: Canadian National Railway declared a quarterly dividend on Tuesday, January 23rd. Investors of record on Thursday, March 7th will be paid a dividend of 0.845 per share on Thursday, March 28th. This represents a $3.38 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Wednesday, March 6th. This is a positive change from the stock's previous quarterly dividend of C$0.79.
Read our dividend analysis for CNR.
Is Canadian National Railway a good dividend stock?: Canadian National Railway (TSE:CNR) pays an annual dividend of C$3.38 per share and currently has a dividend yield of 1.91%. The dividend payout ratio is 39.62%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for CNR.
What other stocks do shareholders of Canadian National Railway own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian National Railway investors own include Intact Financial (IFC), Constellation Software (CSU), Toronto-Dominion Bank (TD), Alimentation Couche-Tard (ATD.B), Bank of Nova Scotia (BNS), Royal Bank of Canada (RY), BCE (BCE), Enbridge (ENB), Canadian National Railway (CNI) and Dollarama (DOL).
How do I buy shares of Canadian National Railway?: Shares of CNR stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:CNR) was last updated on 4/17/2024 by MarketBeat.com Staff

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Canadian National Railway (CNR) Stock Price, News & Analysis

Canadian National Railway MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Canadian National Railway Stock (TSE:CNR)

CNR Stock Price History

CNR Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

Should I Buy Canadian National Railway Stock? CNR Pros and Cons Explained

Pros

Cons

CNR Stock Analysis - Frequently Asked Questions

Overall MarketRank^™