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S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?

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

$131.62
+1.45 (+1.11%)
(As of 03/27/2024 ET)
Today's Range
$130.53
$131.69
50-Day Range
$122.76
$132.83
52-Week Range
$103.96
$134.02
Volume
683,969 shs
Average Volume
1.01 million shs
Market Capitalization
$84.28 billion
P/E Ratio
20.76
Dividend Yield
1.91%
Price Target
$131.60

Canadian National Railway MarketRank™ Stock Analysis

Analyst Rating
Hold
2.16 Rating Score
Upside/​Downside
0.0% Downside
$131.60 Price Target
Short Interest
Healthy
1.26% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.29
Upright™ Environmental Score
News Sentiment
0.68mentions of Canadian National Railway in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.09%
From $5.96 to $6.74 Per Share

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.

4.15 out of 5 stars

Transportation Sector

30th out of 114 stocks

Railroads, Line - Haul Operating Industry

3rd out of 7 stocks

CNI stock logo

About Canadian National Railway Stock (NYSE:CNI)

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.

CNI Stock Price History

CNI Stock News Headlines

CN Rail releases new Indigenous relations policy
the most reliable asset on earth is making a comeback
Global tensions have been pushing the price of gold to all time highs… Just recently, gold peaked at a record $2,000 (and is now closer to $2,200). And there’s something else critical at play right now in the world’s largest asset. Because of these critical factors, a lot of massive investment institutions are now pumping more money into gold. And as we speak, some are even calling for a massive rally in the precious metal.
Major Elon Musk Crypto Leak Revealed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
CN Files a Notice of Dispute
Canadian National Railway Co
Morgan Stanley upbeat on CN’s 2024 growth expectations
Canadian National Railway: A Bright Future Ahead
See More Headlines
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Company Calendar

Ex-Dividend for 12/28 Dividend
12/06/2023
Dividend Payable
12/28/2023
Last Earnings
1/23/2024
Ex-Dividend for 3/28 Dividend
3/06/2024
Today
3/27/2024
Dividend Payable
3/28/2024
Next Earnings (Estimated)
4/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Railroads, line - haul operating
Sub-Industry
N/A
Employees
24,987
Year Founded
1919

Price Target and Rating

Average Stock Price Target
$131.60
High Stock Price Target
$170.00
Low Stock Price Target
$83.00
Potential Upside/Downside
0.0%
Consensus Rating
Hold
Rating Score (0-4)
2.16
Research Coverage
19 Analysts

Profitability

Net Income
$4.17 billion
Pretax Margin
38.56%

Debt

Sales & Book Value

Annual Sales
$12.47 billion
Cash Flow
$7.72 per share
Book Value
$23.15 per share

Miscellaneous

Free Float
624,956,000
Market Cap
$84.28 billion
Optionable
Optionable
Beta
0.88

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Key Executives

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Canadian National Railway was last updated on Monday, March 25, 2024 at 11:11 AM.

Pros

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

  • Canadian National Railway has a strong rail network of approximately 20,000 route-miles of track, providing a solid foundation for its transportation and logistics business.
  • The company offers a diverse range of services including rail, intermodal, trucking, and marine transportation, allowing for multiple revenue streams and business resilience.
  • Recent analyst reports have indicated positive price targets for Canadian National Railway, suggesting potential growth opportunities for investors.
  • Canadian National Railway serves various industries such as automotive, coal, consumer goods, and more, diversifying its customer base and reducing dependency on a single sector.
  • The company's strategic partnerships and logistics parks enhance its supply chain services, contributing to operational efficiency and customer satisfaction.

Cons

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

  • Market analysts have issued hold or neutral ratings for Canadian National Railway, indicating potential challenges or uncertainties in the company's future performance.
  • While the company has a strong presence in the transportation industry, economic downturns or regulatory changes could impact its operations and financial results.
  • Investors should consider the current stock price of Canadian National Railway and evaluate whether it aligns with their investment goals and risk tolerance.
  • Competition within the transportation and logistics sector could intensify, affecting Canadian National Railway's market share and profitability.
  • External factors such as geopolitical events or natural disasters may disrupt the company's operations and supply chain, leading to potential financial losses.

CNI Stock Analysis - Frequently Asked Questions

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

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian National Railway in the last year. There are currently 16 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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.

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

19 Wall Street analysts have issued 12 month price targets for Canadian National Railway's shares. Their CNI share price targets range from $83.00 to $170.00. On average, they expect the company's share price to reach $131.60 in the next twelve months. This suggests that the stock has a possible downside of 0.0%.
View analysts price targets for CNI
or view top-rated stocks among Wall Street analysts.

How have CNI shares performed in 2024?

Canadian National Railway's stock was trading at $125.63 at the start of the year. Since then, CNI stock has increased by 4.8% and is now trading at $131.62.
View the best growth stocks for 2024 here
.

Are investors shorting Canadian National Railway?

Canadian National Railway saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 7,820,000 shares, a decrease of 14.3% from the February 29th total of 9,130,000 shares. Based on an average daily trading volume, of 983,600 shares, the days-to-cover ratio is presently 8.0 days. Approximately 1.3% of the shares of the stock are short sold.
View Canadian National Railway's Short Interest
.

When is Canadian National Railway's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, April 22nd 2024.
View our CNI earnings forecast
.

How were Canadian National Railway's earnings last quarter?

Canadian National Railway (NYSE:CNI) released its quarterly earnings data on Tuesday, January, 23rd. The transportation company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.02. The transportation company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Canadian National Railway had a trailing twelve-month return on equity of 23.56% and a net margin of 33.38%.

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

Canadian National Railway announced a quarterly dividend on Tuesday, January 23rd. Shareholders of record on Thursday, March 7th will be paid a dividend of $0.638 per share on Thursday, March 28th. This represents a $2.55 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Wednesday, March 6th. This is a boost from the stock's previous quarterly dividend of $0.58.
Read our dividend analysis for CNI
.

Is Canadian National Railway a good dividend stock?

Canadian National Railway (NYSE:CNI) pays an annual dividend of $2.51 per share and currently has a dividend yield of 1.93%. The dividend payout ratio is 39.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNI will have a dividend payout ratio of 37.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNI.

What guidance has Canadian National Railway issued on next quarter's earnings?

Canadian National Railway updated its FY 2024 earnings guidance on Tuesday, January, 23rd. The company provided earnings per share (EPS) guidance of 5.880-5.880 for the period, compared to the consensus EPS estimate of 5.960. The company issued revenue guidance of -.

What is Jean-Jacques Ruest's approval rating as Canadian National Railway's CEO?

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.

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 Xtrackers California Municipal Bond ETF (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).

Who are Canadian National Railway's major shareholders?

Canadian National Railway's stock is owned by many different institutional and retail investors. Top institutional investors include TCI Fund Management Ltd. (6.24%), Vanguard Group Inc. (3.49%), Vanguard Group Inc. (3.49%), Wellington Management Group LLP (3.41%), FIL Ltd (2.99%) and Massachusetts Financial Services Co. MA (2.59%).
View institutional ownership trends
.

How do I buy shares of Canadian National Railway?

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

Does Canadian National Railway have any subsidiaries?
The following companies are subsidiares of Canadian National Railway: Grand Trunk Corporation, Grand Trunk Western Railroad Company, Illinois Central Corporation, Illinois Central Railroad Company, North American Railways Inc., TransX, and Wisconsin Central Ltd.
Read More
This page (NYSE:CNI) was last updated on 3/28/2024 by MarketBeat.com Staff

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