Canadian National Railway (CNR) Stock Forecast & Price Target

C$154.96

+0.82 (+0.53%)

(As of 10/8/2024 ET)

Canadian National Railway - Analysts' Recommendations and Stock Price Forecast (2024)

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.

Consensus Rating

Hold

Based on 16 Analyst Ratings

Sell
1

Hold
8

Buy
7

Based on 16 Wall Street analysts who have issued ratings for Canadian National Railway in the last 12 months, the stock has a consensus rating of "Hold." Out of the 16 analysts, 1 has given a sell rating, 8 have given a hold rating, 6 have given a buy rating, and 1 has given a strong buy rating for CNR.

Consensus Price Target

C$174.86
12.84% Upside

According to the 16 analysts' twelve-month price targets for Canadian National Railway, the average price target is C$174.86. The highest price target for CNR is C$189.00, while the lowest price target for CNR is C$160.00. The average price target represents a forecasted upside of 12.84% from the current price of C$154.96.

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CNR Analyst Ratings Over Time

Type	Current Forecast 10/9/23 to 10/8/24	1 Month Ago 9/9/23 to 9/8/24	3 Months Ago 7/11/23 to 7/10/24	1 Year Ago 10/9/22 to 10/9/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)
Hold	8 Hold rating(s)	9 Hold rating(s)	7 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	C$174.86	C$179.29	C$183.14	C$169.33
Forecasted Upside	12.84% Upside	14.59% Upside	13.40% Upside	15.70% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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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	2.44	2.70
Consensus Rating	Hold	Moderate Buy
News Sentiment Rating	Positive News See Recent CNR News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/8/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Neutral	C$176.00 ➝ C$169.00	+9.61%
10/7/2024	Wells Fargo & Company 3 of 5 stars	C. Wetherbee Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight
9/30/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Sector Perform	C$160.00 ➝ C$169.00	+7.21%
9/25/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	C$165.00 ➝ C$162.00	+3.11%
9/12/2024	ATB Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$177.00 ➝ C$167.00	+3.60%
9/11/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$182.00 ➝ C$178.00	+13.40%
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9/11/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	C$170.00 ➝ C$160.00	+1.94%
9/11/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$187.00 ➝ C$180.00	+14.68%
9/11/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Gupta Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	C$187.00 ➝ C$180.00	+14.68%
9/11/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$192.00 ➝ C$181.00	+15.32%
7/24/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Imbro Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
7/24/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$202.00 ➝ C$189.00	+19.18%
7/24/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$190.00 ➝ C$186.00	+17.28%
7/24/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	C$185.00 ➝ C$180.00	+13.50%
7/8/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Vernon Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform	C$195.00 ➝ C$179.00	+12.91%
6/26/2024	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Doerksen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
1/24/2024	Veritas Investment Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Reduce	C$168.00	+0.41%
1/25/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target		C$162.00	+2.37%
1/25/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$156.00 ➝ C$154.00	-2.69%
1/10/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jordan Alliger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Sell	C$150.00	-7.67%
12/20/2022	Atb Cap Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Murray Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Sector Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:16 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 1, 2024. 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 is expected to post strong Q3 2024 earnings of $1.71 per share, indicating financial stability and potential growth.
Recent stock performance shows Canadian National Railway stock is up 2.6% on the market, demonstrating positive investor sentiment.
Canadian National Railway has a market capitalization of C$102.10 billion, reflecting its position as a major player in the industry.
The company has a diverse business model involving rail, intermodal, trucking, and marine transportation, reducing dependency on a single sector.
Analysts have given Canadian National Railway an average rating of "Hold" with a price target of C$174.93, suggesting a balanced investment opportunity.

Canadian National Railway
Bear Case

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

Several analysts have lowered their price targets for Canadian National Railway, indicating potential concerns about future performance.
The company's debt-to-equity ratio of 107.62 is significantly high, which may pose risks in case of economic downturns or financial instability.
Canadian National Railway's current ratio of 0.63 and quick ratio of 0.58 suggest potential liquidity challenges in the short term.
The stock's 12-month high of C$181.34 may indicate limited room for significant short-term capital appreciation.
With one analyst rating the stock as a sell and nine as hold, there may be uncertainty in the market regarding Canadian National Railway's future performance.

CNR Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Canadian National Railway is C$174.86, with a high forecast of C$189.00 and a low forecast of C$160.00.
: 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian National Railway in the last twelve months. There is currently 1 sell rating, 8 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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.
: According to analysts, Canadian National Railway's stock has a predicted upside of 12.84% based on their 12-month stock forecasts.
: Over the previous 90 days, Canadian National Railway's stock had 4 upgrades by analysts.
: Canadian National Railway has been rated by research analysts at ATB Capital, Barclays, BMO Capital Markets, CIBC, Desjardins, JPMorgan Chase & Co., National Bankshares, Raymond James, Royal Bank of Canada, Scotiabank, Stephens, TD Securities, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Canadian National Railway less than other "industrials" companies. The consensus rating for Canadian National Railway is Hold while the average consensus rating for "industrials" companies is Moderate Buy. Learn more on how CNR compares to other companies.