Canadian National Railway (CNR) Stock Forecast & Price Target

C$168.06 +1.83 (+1.10%)

As of 04:29 PM Eastern

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Canadian National Railway - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 19 Analyst Ratings

Sell
0

Hold
7

Buy
12

Based on 19 Wall Street analysts who have issued ratings for Canadian National Railway in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 19 analysts, 7 have given a hold rating, 9 have given a buy rating, and 3 have given a strong buy rating for CNR.

Consensus Price Target

C$182.76
8.75% Upside

According to the 19 analysts' twelve-month price targets for Canadian National Railway, the average price target is C$182.76. The highest price target for CNR is C$205.00, while the lowest price target for CNR is C$120.00. The average price target represents a forecasted upside of 8.75% from the current price of C$168.06.

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.

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CNR Analyst Ratings Over Time

Type	Current Forecast 10/9/25 to 10/9/26	1 Month Ago 9/9/25 to 9/9/26	3 Months Ago 7/11/25 to 7/11/26	1 Year Ago 10/9/24 to 10/9/25
Strong Buy	3 Strong Buy rating(s)	3 Strong Buy rating(s)	3 Strong Buy rating(s)	2 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	9 Buy rating(s)	7 Buy rating(s)
Hold	7 Hold rating(s)	8 Hold rating(s)	5 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	C$182.76	C$183.29	C$164.63	C$151.36
Forecasted Upside	8.75% Upside	8.88% Upside	-6.56% Downside	12.99% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

CNR Analyst Recommendations 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.

CNR 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	Industrials Companies
Consensus Rating Score	2.79	2.31
Consensus Rating	Moderate Buy	Hold
News Sentiment Rating	Neutral News See Recent CNR News	Neutral News

Recent Analyst Forecasts and Stock Ratings

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Upside/Downside

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/24/2026	Royal Bank Of Canada 3 of 5 stars		Lower Target	Outperform	C$205.00 ➝ C$198.00	+16.26%
9/23/2026	National Bank Financial 4 of 5 stars		Lower Target	Sector Perform	C$192.00 ➝ C$190.00	+12.31%
7/27/2026	Desjardins 4 of 5 stars		Boost Target	Buy	C$185.00 ➝ C$199.00	+9.29%
7/27/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Overweight	C$135.00 ➝ C$145.00	-20.37%
7/27/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Outperform	C$198.00 ➝ C$200.00	+9.84%
7/27/2026	ATB Cormark Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Sector Perform	C$166.00 ➝ C$185.00	+1.60%
7/27/2026	Scotia Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Sector Outperform	C$194.00 ➝ C$199.00	+9.29%
7/27/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Equal Weight	C$155.00 ➝ C$185.00	+1.60%
7/27/2026	TD Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	C$191.00 ➝ C$205.00	+12.58%
7/27/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		C$175.00 ➝ C$182.00	-0.05%
Get the Latest News and Ratings for CNR 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.
7/27/2026	Canadian Imperial Bank of Commerce Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		C$185.00 ➝ C$198.00	+8.74%
7/27/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		C$180.00 ➝ C$195.00	+7.09%
7/16/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		C$162.00 ➝ C$194.00	+8.05%
7/16/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		C$163.00 ➝ C$196.00	+9.17%
7/15/2026	Citizens Jmp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold
7/14/2026	Susquehanna Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
7/8/2026	Stephens Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold
6/25/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
2/2/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
2/2/2026	TD Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Buy	C$166.00 ➝ C$164.00	+25.82%
1/5/2026	Vertical Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
11/11/2025	Berenberg Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		C$148.00 ➝ C$152.00	+13.48%
11/3/2025	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	C$119.00 ➝ C$120.00	-10.78%
6/27/2025	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Kristina Ruggeri Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold
2/3/2025	Loop Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Rick Paterson Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Hold ➝ Strong Sell
10/23/2024	Veritas Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	D. Fong Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 06:19 PM ET.

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

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 Tuesday, October 6, 2026. Please send any questions or comments about these Canadian National Railway pros and cons to contact@marketbeat.com.

Canadian National Railway
Bull Case

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

Canadian National Railway shares are currently trading at $168.34, which is below the consensus price target of C$182.76 set by twenty brokerages, suggesting potential upside for investors who believe the recent pullback is temporary.
The company demonstrated strong financial performance in its most recent quarter, reporting earnings per share of C$2.08 and revenue of C$4.75 billion, supported by a robust net margin of 26.92% and a return on equity of 22.19%.
Insider confidence is high, with directors such as Justin M Howell, Albert Monaco, and Shauneen Elizabeth Bruder purchasing shares in early 2026 at prices ranging from C$135.68 to C$152.74, indicating that company leadership views the stock as undervalued.
Analyst sentiment remains positive with a consensus rating of "Moderate Buy," where nine analysts recommend a buy and three recommend a strong buy, reflecting confidence in the company's ability to maintain its dominant position in North American rail transportation.
The stock offers a dividend yield of 2.14%, providing income to investors while the company continues to transport over 300 million tons of goods annually, ensuring stable cash flows from its essential infrastructure role.

Canadian National Railway
Bear Case

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

Recent geopolitical tensions have introduced significant risk, as U.S.-Canada trade talks have collapsed and new tariff risks have emerged, which could negatively impact the volume of goods transported across the border and affect the company's revenue.
The company carries a high debt-to-equity ratio of 103.26, meaning it has more debt than equity, which could limit its financial flexibility and increase vulnerability to rising interest rates or economic downturns.
Some major financial institutions have recently lowered their price targets, such as Royal Bank Of Canada reducing its target from C$205.00 to C$198.00 and National Bank Financial lowering its target from C$192.00 to C$190.00, signaling caution about future growth prospects.
The stock has experienced volatility, including a 10% drop in late September 2026, and currently trades below its 50-day simple moving average of C$174.09, indicating short-term downward momentum that may persist.
With a beta of 1.16, the stock is more volatile than the overall market, meaning investors may experience larger price swings compared to less volatile sectors, which could be concerning for risk-averse portfolios.

CNR Forecast - Frequently Asked Questions

According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Canadian National Railway is C$182.76, with a high forecast of C$205.00 and a low forecast of C$120.00.

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian National Railway in the last year. There are currently 7 hold ratings, 9 buy ratings and 3 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CNR shares.

According to analysts, Canadian National Railway's stock has a predicted upside of 8.75% based on their 12-month stock forecasts.

Over the previous 90 days, Canadian National Railway's stock had 1 upgrade and 1 downgrade by analysts.

Canadian National Railway has been rated by research analysts at ATB Cormark Capital Markets, Barclays, BMO Capital Markets, Canadian Imperial Bank of Commerce, Citizens Jmp, Desjardins, JPMorgan Chase & Co., National Bank Financial, Raymond James Financial, Royal Bank Of Canada, Sanford C. Bernstein, Scotia, Scotiabank, Susquehanna, TD, and Wells Fargo & Company in the past 90 days.

Analysts like Canadian National Railway more than other "industrials" companies. The consensus rating for Canadian National Railway is Moderate Buy while the average consensus rating for "industrials" companies is Hold. Learn more on how CNR compares to other companies.

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MarketBeat monitors more than a dozen sources for Canadian National Railway analyst ratings, with the most recent rating issued on 9/24/2026.

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Canadian National Railway (CNR) Stock Forecast & Price Target

Canadian National Railway - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

CNR Analyst Ratings Over Time

CNR Analyst Recommendations By Month

CNR Price Targets by Month

Canadian National Railway Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

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

Canadian National Railway
Bull Case

Canadian National Railway
Bear Case

CNR Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

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Brokerages With Canadian National Railway Recommendations

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Canadian National Railway (CNR) Stock Forecast & Price Target

Canadian National Railway - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

CNR Analyst Ratings Over Time

CNR Analyst Recommendations By Month

CNR Price Targets by Month

Canadian National Railway Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

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

Canadian National Railway Bull Case

Canadian National Railway Bear Case

CNR Forecast - Frequently Asked Questions

What is Canadian National Railway's forecast for 2026?

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

Does Canadian National Railway's stock price have much upside?

Has Canadian National Railway been upgraded or downgraded by Wall Street analysts recently?

What analysts cover Canadian National Railway?

Do Wall Street analysts like Canadian National Railway more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Canadian National Railway Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Canadian National Railway
Bull Case

Canadian National Railway
Bear Case