
CNI Stock Forecast & Price Target
CNI Analyst Ratings
Bulls say
Canadian National Railway (CN) experienced a notable year in 2024, generating CAD 17 billion in revenue with significant contributions from various segments, particularly intermodal containers, petroleum and chemicals, and grain and fertilizers. The company reported a year-over-year increase of 4.1% in revenue ton-miles (RTMs) during the fourth quarter, with particularly strong growth in intermodal (10.5%) and grain and fertilizers (8.6%), underscoring operational efficiency and robust demand across key markets. Additionally, a marked improvement in labor productivity (14% y/y) and increased locomotive availability (92.5%) reflects the company’s commitment to operational excellence, positioning CN favorably for future performance.
Bears say
Canadian National Railway's outlook is negatively affected by forecasts indicating a slowdown in revenue ton miles (RTM) growth, projected at just +1.1% for 2026, which is below previous estimates. The company has experienced a decline in yield, down 0.9% year-over-year, resulting from reduced volumes in higher-yield merchandise segments, along with a substantial decrease in the Forest Products segment, now estimated at -6%. Additionally, risks stemming from economic volatility, adverse weather conditions, and unfavorable currency fluctuations pose significant challenges to the railway's near-term growth and operational fluidity.
This aggregate rating is based on analysts' research of Canadian National Railway Company and is not a guaranteed prediction by Public.com or investment advice.
CNI Analyst Forecast & Price Prediction
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