Free Trial

Canadian National Railway (CNR) Stock Forecast & Price Target

Canadian National Railway logo
C$181.97 +0.07 (+0.04%)
As of 12:05 PM Eastern

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

Consensus Rating

Sell
0
Hold
9
Buy
10

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, 9 have given a hold rating, 7 have given a buy rating, and 3 have given a strong buy rating for CNR.

Consensus Price Target

C$190.81
4.86% Upside
According to the 19 analysts' twelve-month price targets for Canadian National Railway, the average price target is C$190.81. The highest price target for CNR is C$211.00, while the lowest price target for CNR is C$145.00. The average price target represents a forecasted upside of 4.86% from the current price of C$181.97.
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.
Get the Latest News and Ratings for CNR and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Canadian National Railway and its competitors.

Sign Up
SMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

CNR Analyst Ratings Over Time

TypeCurrent Forecast
11/13/25 to 11/13/26
1 Month Ago
10/14/25 to 10/14/26
3 Months Ago
8/15/25 to 8/15/26
1 Year Ago
11/13/24 to 11/13/25
Strong Buy
3 Strong Buy rating(s)
3 Strong Buy rating(s)
3 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
7 Buy rating(s)
9 Buy rating(s)
9 Buy rating(s)
7 Buy rating(s)
Hold
9 Hold rating(s)
7 Hold rating(s)
8 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 TargetC$190.81C$182.76C$183.29C$152.53
Forecasted Upside4.86% Upside7.02% Upside4.22% Upside12.59% Upside
Consensus RatingModerate BuyModerate BuyModerate BuyModerate 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.
Skip Chart & View Analyst Rating History

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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Canadian National Railway Stock vs. The Competition

TypeCanadian National RailwayIndustrials Companies
Consensus Rating Score
2.68
2.29
Consensus RatingModerate BuyHold
News Sentiment Rating
Neutral News

See Recent CNR News
Positive News
Report Date
0 Results
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside
Details
11/2/2026
Desjardins logo
Desjardins
4 of 5 stars
 Boost TargetBuyC$199.00 ➝ C$200.00+12.75%
11/2/2026
TD logo
TD
Not Rated
 Boost TargetBuyC$205.00 ➝ C$211.00+18.95%
11/2/2026 Boost TargetOutperformC$198.00 ➝ C$200.00+12.75%
11/2/2026 Boost TargetSector PerformC$198.00 ➝ C$200.00+12.75%
11/2/2026 Boost TargetSector PerformC$190.00 ➝ C$194.00+9.37%
10/27/2026 Set TargetBuyC$200.00+13.71%
10/19/2026 DowngradeModerate Buy ➝ HoldC$200.00 ➝ C$195.00+14.78%
10/15/2026 Boost TargetSector PerformC$185.00 ➝ C$190.00+11.10%
10/15/2026 Lower TargetSector OutperformC$199.00 ➝ C$198.00+15.78%
7/27/2026 Boost TargetOverweightC$135.00 ➝ C$145.00-20.37%
7/27/2026 Boost TargetEqual WeightC$155.00 ➝ C$185.00+1.60%
7/27/2026 Boost TargetC$175.00 ➝ C$182.00-0.05%
7/27/2026 Boost TargetC$185.00 ➝ C$198.00+8.74%
7/27/2026 Boost TargetC$180.00 ➝ C$195.00+7.09%
7/16/2026 Boost TargetC$163.00 ➝ C$196.00+9.17%
7/15/2026 UpgradeHold
7/14/2026 DowngradeStrong-Buy ➝ Hold
7/8/2026 UpgradeHold
6/25/2026 UpgradeHold ➝ Strong-Buy
2/2/2026 DowngradeStrong-Buy ➝ Hold
2/2/2026 Lower TargetBuyC$166.00 ➝ C$164.00+25.82%
1/5/2026 UpgradeHold ➝ Strong-Buy
11/11/2025 Boost TargetC$148.00 ➝ C$152.00+13.48%
11/3/2025 Boost TargetBuyC$119.00 ➝ C$120.00-10.78%
6/27/2025UpgradeHold
2/3/2025DowngradeHold ➝ Strong Sell

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 12:30 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 Monday, November 9, 2026. Please send any questions or comments about these Canadian National Railway pros and cons to contact@marketbeat.com.

Canadian National Railway
Bull Case

green Wall Street bull icon

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

  • Canadian National Railway recently reported strong third-quarter results with earnings per share of C$2.16 and revenue of C$4.77 billion, demonstrating robust profitability with a net margin of 26.42% and a return on equity of 22.34%.
  • Analyst sentiment has turned increasingly positive, with TD raising its price target to C$211.00 and Desjardins lifting its target to C$200.00, both maintaining buy ratings that suggest significant upside potential from the current stock price of $179.45.
  • The stock has shown strong momentum, trading up to $179.45 and crossing above its 200-day moving average multiple times in recent months, indicating sustained investor confidence and a bullish technical trend.
  • Insider buying activity has been notable, with directors such as Albert Monaco and Justin M Howell purchasing shares in early 2026, which often signals management confidence in the company's future performance.
  • Canadian National Railway offers a dividend yield of 2.09%, providing income to investors while the company continues to grow its market capitalization to $107.616 billion and maintain a moderate buy consensus rating.

Canadian National Railway
Bear Case

red Wall Street bear icon

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

  • The company carries a high debt-to-equity ratio of 105.88, which indicates significant leverage and could pose financial risks if interest rates rise or economic conditions deteriorate.
  • Some analysts have downgraded their outlook, with Susquehanna lowering its rating from strong-buy to hold and Stephens raising the stock to a hold rating, reflecting concerns about valuation or growth sustainability.
  • Canadian National Railway has a beta of 1.23, meaning it is more volatile than the overall market and may experience larger price swings during periods of market uncertainty.
  • The current price-to-earnings ratio of 22.54 is relatively high compared to historical averages, suggesting the stock may be overvalued if earnings growth does not continue to accelerate.
  • Recent news indicates a change in the Chief Financial Officer, which could introduce uncertainty in financial management and strategic direction during a critical period of growth.

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$190.81, with a high forecast of C$211.00 and a low forecast of C$145.00.

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian National Railway in the last year. There are currently 9 hold ratings, 7 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 4.86% based on their 12-month stock forecasts.

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

Canadian National Railway has been rated by research analysts at ATB Cormark Capital Markets, Desjardins, National Bank Financial, Raymond James Financial, Royal Bank Of Canada, Scotia, Scotiabank, Stifel Nicolaus, and TD 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.


MarketBeat monitors more than a dozen sources for Canadian National Railway analyst ratings, with the most recent rating issued on 11/2/2026.
From Our Partners