Canadian National Railway
About: Canadian National's railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2023, CN generated CAD 16.8 billion in revenue by hauling intermodal containers (23% of consolidated revenue), petroleum and chemicals (19%), grain and fertilizers (19%), forest products (12%), metals and minerals (12%), automotive shipments (6%), and coal (6%). Other items constitute the remaining revenue.
Employees: 25,428
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 10 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
25% more call options, than puts
Call options by funds: $109M | Put options by funds: $87.2M
1% less funds holding
Funds holding: 838 [Q2] → 832 (-6) [Q3]
5% less repeat investments, than reductions
Existing positions increased: 279 | Existing positions reduced: 295
8% less first-time investments, than exits
New positions opened: 70 | Existing positions closed: 76
3.69% less ownership
Funds ownership: 69.93% [Q2] → 66.24% (-3.69%) [Q3]
6% less capital invested
Capital invested by funds: $52.6B [Q2] → $49.4B (-$3.23B) [Q3]
15% less funds holding in top 10
Funds holding in top 10: 27 [Q2] → 23 (-4) [Q3]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$116
15%
upside
Avg. target
$124
22%
upside
High target
$132
30%
upside
10 analyst ratings
2 positive
20%
7 neutral
70%
1 negative
10%
Citigroup Ariel Rosa 31% 1-year accuracy 8 / 26 met price target | 29%upside $130 | Buy Upgraded | 12 Nov 2024 |
Stephens & Co. Daniel Imbro 57% 1-year accuracy 13 / 23 met price target | 15%upside $116 | Equal-Weight Reiterated | 23 Oct 2024 |
Stifel Benjamin Nolan 32% 1-year accuracy 12 / 37 met price target | 30%upside $132 | Hold Maintained | 23 Oct 2024 |
Evercore ISI Group Jonathan Chappell 34% 1-year accuracy 10 / 29 met price target | 15%upside $116 | In-Line Maintained | 23 Oct 2024 |
Susquehanna Bascome Majors 53% 1-year accuracy 21 / 40 met price target | 24%upside $125 | Neutral Maintained | 23 Oct 2024 |
Financial journalist opinion
Based on 9 articles about CNI published over the past 30 days
Positive
Seeking Alpha
1 day ago
Canadian National Railway: Total Yield And Valuation Make It A Buy For 2025
I have upgraded Canadian National Railway to a Buy based on its attractive valuation and total yield potential. The company boasts a unique rail network spanning three coasts, has demonstrated strong operational efficiency, and has optimistic growth prospects tied to targeted infrastructure investments. For income- and defensive-minded investors, it offers the highest 5-year dividend CAGR, longest growth streak, and most competitive forward yield among peers, making it an attractive buy-and-hold option.
Positive
Zacks Investment Research
4 days ago
3 Railroad Stocks to Watch From the Challenging Industry
Shareholder-friendly initiatives bode well for the Zacks Transportation-Railroad industry. CP, CNI and NSC are well-poised to capitalize on the bullishness.
Neutral
GlobeNewsWire
1 week ago
CN Recognizes Customers, Suppliers and Supply Chain Partners for their Leadership in Sustainability
MONTREAL, Dec. 12, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced the recognition of 73 of its customers, suppliers and supply chain partners, for their leadership and commitment to sustainability. Through CN's EcoConnexions Partnership Program, the Company is celebrating businesses dedicated to building a more sustainable future by supporting climate action, reducing their environmental impact, promoting biodiversity and implementing more sustainable and ethical business practices.
Neutral
GlobeNewsWire
1 week ago
CN Reaches New Tentative Collective Agreement with Unifor
MONTREAL, Dec. 09, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that a new tentative four-year collective agreement has been reached with Unifor. The union represents approximately 3,300 employees at CN in Canada, working in different mechanical, clerical, and intermodal functions.
Positive
Seeking Alpha
2 weeks ago
My Top 15 High-Growth Dividend Stocks For December 2024
The SPDR S&P 500 ETF Trust posted a strong gain of 5.96% in November, resuming its strong run in 2024. The Top 15 dividend growth stocks for December 2024 offer an average dividend yield of 1.2% and appear to be about 22% undervalued based on dividend yield theory. Since its inception in September 2020, the watch list has achieved a 12.41% compound annual growth rate.
Positive
Zacks Investment Research
3 weeks ago
Here's Why Investors Should Retain Canadian National Stock for Now
CNI is benefiting from robust tech-savvy initiatives that boost safety at work. The economic downturn and elevated expenses are hurting the company's prospects.
Neutral
GlobeNewsWire
3 weeks ago
CN Releases New Indigenous Reconciliation Action Plan
MONTREAL, Nov. 26, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today released its first Indigenous Reconciliation Action Plan (IRAP), reaffirming its commitment to strengthen ties with Indigenous communities, foster mutually beneficial relationships, and create opportunities for meaningful collaboration on the journey toward genuine reconciliation. The IRAP commitments and actions were developed and shaped by the insights, priorities, and feedback received from Indigenous communities and CN employees that engage with these communities.
Positive
Seeking Alpha
3 weeks ago
Forget The S&P 500, Buy These Dividend Stocks Instead
Warren Buffett's cautious approach reveals his skepticism about today's market. He's stockpiling cash, signaling uncertainty and opportunity ahead. Amid volatile markets, dividend stocks shine as consistent income sources. They offer stability and growth, even in unpredictable conditions. These dividend picks are resilient, high-quality investments. They balance income with long-term potential, which is ideal for navigating the current market uncertainty.
Negative
Zacks Investment Research
4 weeks ago
Why Is CN (CNI) Down 4.6% Since Last Earnings Report?
CN (CNI) reported earnings 30 days ago. What's next for the stock?
Positive
Zacks Investment Research
1 month ago
3 Dividend Paying Railroad Stocks You May Count On
Here we pick three railroad stocks, Union Pacific (UNP), Canadian National (CNI) and Norfolk Southern (NSC), which have a solid five-year dividend growth history.
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