Canadian National Railway (NYSE:CNI) Rating Increased to Outperform at Evercore

Posted by Geri Gentry on Jun 25th, 2026

Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) was upgraded by equities research analysts at Evercore from an “in-line” rating to an “outperform” rating in a report issued on Thursday, Marketbeat reports. The brokerage currently has a $124.00 price objective on the transportation company’s stock. Evercore’s price objective suggests a potential upside of 6.94% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Weiss Ratings upgraded shares of Canadian National Railway from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Canadian Imperial Bank of Commerce increased their price objective on Canadian National Railway from C$164.00 to C$182.00 and gave the company an “outperformer” rating in a research report on Tuesday, June 9th. Citigroup upped their price target on Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Bank of America lifted their price objective on Canadian National Railway from $132.00 to $134.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Sanford C. Bernstein boosted their price objective on Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a report on Tuesday, March 31st. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $125.21.

Read Our Latest Stock Analysis on CNI

Canadian National Railway Price Performance

Canadian National Railway stock opened at $115.95 on Thursday. The business’s fifty day moving average is $114.57 and its two-hundred day moving average is $106.74. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67. The firm has a market cap of $70.35 billion, a P/E ratio of 21.08, a P/E/G ratio of 2.20 and a beta of 0.96. Canadian National Railway has a 52 week low of $90.74 and a 52 week high of $122.48.

Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.31. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same period in the previous year, the business posted $1.85 earnings per share. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. Equities research analysts forecast that Canadian National Railway will post 5.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC bought a new stake in shares of Canadian National Railway during the first quarter worth $311,000. Focus Partners Wealth boosted its position in Canadian National Railway by 11.1% during the first quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company’s stock valued at $1,122,000 after purchasing an additional 1,146 shares during the last quarter. Schnieders Capital Management LLC. acquired a new position in shares of Canadian National Railway during the 2nd quarter worth approximately $202,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Canadian National Railway by 52.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,118 shares of the transportation company’s stock valued at $116,000 after buying an additional 383 shares during the last quarter. Finally, Baird Financial Group Inc. grew its stake in shares of Canadian National Railway by 2.9% in the second quarter. Baird Financial Group Inc. now owns 17,094 shares of the transportation company’s stock valued at $1,778,000 after buying an additional 474 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors.

About Canadian National Railway

(Get Free Report)

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.