Zacks Research Issues Pessimistic Forecast for CNI Earnings

Canadian National Railway Company (NYSE:CNI) (TSE:CNR) – Research analysts at Zacks Research reduced their Q3 2026 earnings estimates for Canadian National Railway in a research note issued to investors on Friday, October 24th. Zacks Research analyst Team now forecasts that the transportation company will post earnings per share of $1.46 for the quarter, down from their prior forecast of $1.49. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Canadian National Railway’s current full-year earnings is $5.52 per share. Zacks Research also issued estimates for Canadian National Railway’s FY2026 earnings at $6.02 EPS, Q2 2027 earnings at $1.72 EPS, Q3 2027 earnings at $1.61 EPS and FY2027 earnings at $6.77 EPS.

Other equities research analysts also recently issued research reports about the company. Bank of America dropped their target price on Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. National Bank Financial cut Canadian National Railway from an “outperform” rating to a “sector perform” rating in a report on Wednesday, July 23rd. Citigroup reduced their target price on Canadian National Railway from $121.00 to $119.00 and set a “buy” rating for the company in a report on Monday, October 13th. Raymond James Financial upgraded Canadian National Railway from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 17th. Finally, Wells Fargo & Company lowered their price target on shares of Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $113.90.

Canadian National Railway Stock Down 0.6%

CNI opened at $94.79 on Monday. Canadian National Railway has a 12 month low of $91.07 and a 12 month high of $114.13. The company has a market cap of $58.65 billion, a PE ratio of 18.23, a price-to-earnings-growth ratio of 2.18 and a beta of 0.96. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. The company has a 50 day moving average of $95.04 and a 200 day moving average of $98.84.

Institutional Trading of Canadian National Railway

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Addison Advisors LLC lifted its stake in Canadian National Railway by 124.0% during the second quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock worth $28,000 after purchasing an additional 150 shares during the last quarter. First Horizon Corp purchased a new stake in shares of Canadian National Railway during the third quarter valued at approximately $30,000. Dagco Inc. bought a new position in shares of Canadian National Railway in the first quarter worth approximately $32,000. Curio Wealth LLC increased its stake in shares of Canadian National Railway by 31,600.0% in the second quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock worth $33,000 after buying an additional 316 shares during the period. Finally, Brooklyn Investment Group raised its holdings in Canadian National Railway by 354.3% during the 1st quarter. Brooklyn Investment Group now owns 427 shares of the transportation company’s stock valued at $42,000 after buying an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Company Profile

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.