Canadian National Railway (CNI) Stock Forecast, Price & News

14 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, 9 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CNI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CNI, but not buy additional shares or sell existing shares.
View CNI analyst ratings or view top-rated stocks.

14 brokers have issued 1 year price targets for Canadian National Railway's stock. Their CNI share price forecasts range from $109.00 to $181.00. On average, they expect the company's stock price to reach $145.71 in the next year. This suggests a possible upside of 23.6% from the stock's current price.
View analysts price targets for CNI or view top-rated stocks among Wall Street analysts.

Canadian National Railway's stock was trading at $118.88 at the start of the year. Since then, CNI shares have decreased by 0.9% and is now trading at $117.86.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our CNI earnings forecast.

Canadian National Railway (NYSE:CNI) posted its quarterly earnings data on Monday, October, 18th. The transportation company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.40. The transportation company had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.51 billion. Canadian National Railway had a net margin of 30.21% and a trailing twelve-month return on equity of 24.62%. Canadian National Railway's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the business posted $1.04 earnings per share.

Canadian National Railway declared a quarterly dividend on Tuesday, July 25th. Stockholders of record on Friday, September 8th will be given a dividend of $0.5996 per share on Friday, September 29th. This represents a $2.40 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, September 7th. This is an increase from the stock's previous quarterly dividend of $0.58.
Read our dividend analysis for CNI.

Canadian National Railway (NYSE:CNI) pays an annual dividend of $2.39 per share and currently has a dividend yield of 2.03%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 40.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNI will have a dividend payout ratio of 37.64% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNI.

125 employees have rated Canadian National Railway Chief Executive Officer Jean-Jacques Ruest on Glassdoor.com. Jean-Jacques Ruest has an approval rating of 46% among the company's employees. This puts Jean-Jacques Ruest in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian National Railway investors own include CA (CA), BlackRock (BLK), Canadian National Railway (CNR), Chipotle Mexican Grill (CMG), Micron Technology (MU), NVIDIA (NVDA), Walt Disney (DIS), AT&T (T), Pfizer (PFE) and Starbucks (SBUX).

Canadian National Railway trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNI."

Canadian National Railway's stock is owned by a number of institutional and retail investors. Top institutional investors include Bank of New York Mellon Corp (2.10%), TD Asset Management Inc (1.75%), Mackenzie Financial Corp (1.62%), Jarislowsky Fraser Ltd (1.40%), National Bank of Canada FI (0.92%) and Bank of Nova Scotia (0.84%).
View institutional ownership trends.

Shares of CNI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of CNI stock can currently be purchased for approximately $117.86.

Canadian National Railway (NYSE:CNI) has a market capitalization of $77.66 billion and generates $17.43 billion in revenue each year. The transportation company earns $3.94 billion in net income (profit) each year or $5.84 on an earnings per share basis.

The company employs 23,971 workers across the globe.

Canadian National Railway's mailing address is 935 DE LA GAUCHETIERE ST W, MONTREAL A8, H3B 2M9. The official website for the company is www.cn.ca. The transportation company can be reached via phone at (888) 888-5909 or via fax at 514-399-6090.