Royal Bank Of Canada Boosts Canadian National Railway (NYSE:CNI) Price Target to $178.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price objective lifted by stock analysts at Royal Bank Of Canada from $160.00 to $178.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Royal Bank Of Canada’s price target points to a potential upside of 59.01% from the stock’s previous close.

Several other equities analysts also recently weighed in on the company. UBS Group downgraded Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Evercore dropped their price objective on Canadian National Railway from $105.00 to $103.00 and set an “in-line” rating for the company in a research note on Monday, February 2nd. Citigroup raised their price objective on Canadian National Railway from $115.00 to $123.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Canadian National Railway in a research note on Monday, February 2nd. Finally, Vertical Research raised Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Nine equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $122.04.

Canadian National Railway Stock Performance

NYSE CNI opened at $111.94 on Thursday. Canadian National Railway has a 1-year low of $90.74 and a 1-year high of $115.80. The company has a market capitalization of $68.15 billion, a P/E ratio of 20.35, a PEG ratio of 2.16 and a beta of 0.95. The business has a 50 day moving average price of $107.47 and a 200 day moving average price of $101.32. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.47.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, meeting the consensus estimate of $1.31. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same period last year, the business posted $1.85 EPS. Canadian National Railway’s quarterly revenue was down .5% on a year-over-year basis. Sell-side analysts expect that Canadian National Railway will post 5.72 EPS for the current fiscal year.

Institutional Investors Weigh In On Canadian National Railway

Large investors have recently bought and sold shares of the stock. Cardinal Point Capital Management ULC grew its holdings in Canadian National Railway by 28.8% during the 3rd quarter. Cardinal Point Capital Management ULC now owns 124,426 shares of the transportation company’s stock valued at $11,730,000 after buying an additional 27,857 shares during the last quarter. Lincluden Management Ltd. boosted its holdings in shares of Canadian National Railway by 4.1% during the third quarter. Lincluden Management Ltd. now owns 434,344 shares of the transportation company’s stock worth $40,717,000 after purchasing an additional 17,257 shares during the last quarter. Kensington Investment Counsel LLC acquired a new stake in shares of Canadian National Railway during the third quarter worth $3,079,000. Lorne Steinberg Wealth Management Inc. boosted its holdings in shares of Canadian National Railway by 23.3% during the third quarter. Lorne Steinberg Wealth Management Inc. now owns 83,095 shares of the transportation company’s stock worth $7,834,000 after purchasing an additional 15,715 shares during the last quarter. Finally, Nicola Wealth Management LTD. boosted its holdings in shares of Canadian National Railway by 13.9% during the third quarter. Nicola Wealth Management LTD. now owns 198,800 shares of the transportation company’s stock worth $18,749,000 after purchasing an additional 24,200 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Key Headlines Impacting Canadian National Railway

Here are the key news stories impacting Canadian National Railway this week:

• Positive Sentiment: Broker upgrades and higher targets from RBC and Citi increase upside expectations — RBC raised its target to $178 with an “outperform” rating, and Citigroup raised its target to $124 with a “buy” rating, signaling strong analyst conviction in CNI’s medium-term earnings power. Article Title Article Title
• Positive Sentiment: Q1 results met earnings estimates, revenue grew year-over-year and the company raised its dividend — supports income and cash-flow narratives that investors favor for CNI. Article Title
• Neutral Sentiment: Board continuity: CN confirmed election of the director slate at its May 1 annual meeting, removing near-term governance uncertainty. Article Title
• Neutral Sentiment: Investor materials: The company’s Q1 results presentation and earnings call deck are available for deeper detail on volumes, segment trends and guidance drivers. Useful for modeling near-term revenue and margin assumptions. Article Title
• Negative Sentiment: Competitive risk: CN said it is reviewing Union Pacific and Norfolk Southern’s amended merger re-application to the Surface Transportation Board and will remain engaged — a combined UP–NS could reshape competitive dynamics and pricing power in key corridors, representing a downside risk for CN. Article Title
• Negative Sentiment: Mixed analyst signals: Barclays raised its target slightly but kept an “equal weight” rating with a target still below the current price, highlighting that some analysts see limited near-term upside or higher risk relative to peers. Article Title Article Title

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.