Canadian National Railway (NYSE:CNI) Hits New 12-Month High – Still a Buy?

07 Jul 2026, 15:00 by Mitch Edgeman · The Markets Daily

Canadian National Railway Company (NYSE:CNI – Get Free Report) (TSE:CNR) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $122.60 and last traded at $121.6280, with a volume of 18505 shares. The stock had previously closed at $121.66.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CNI. Royal Bank Of Canada upped their price target on Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Sanford C. Bernstein raised their price objective on shares of Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a research report on Tuesday, March 31st. Citigroup boosted their price objective on shares of Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings raised shares of Canadian National Railway from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Finally, Canadian Imperial Bank of Commerce increased their target price on shares of Canadian National Railway from C$182.00 to C$185.00 and gave the stock an “outperformer” rating in a research note on Thursday, June 25th. Ten equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $126.12.

Read Our Latest Report on CNI

Canadian National Railway Stock Performance

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 stock has a market cap of $74.07 billion, a PE ratio of 22.21, a PEG ratio of 2.29 and a beta of 0.96. The company’s 50-day moving average price is $116.00 and its two-hundred day moving average price is $107.84.

Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) last announced its earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.31. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.15 billion. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.85 earnings per share. On average, equities research analysts forecast that Canadian National Railway Company will post 5.75 EPS for the current year.

Canadian National Railway Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were paid a dividend of $0.915 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $3.66 annualized dividend and a yield of 3.0%. Canadian National Railway’s payout ratio is 48.55%.

Hedge Funds Weigh In On Canadian National Railway

Several institutional investors have recently modified their holdings of the company. Lincluden Management Ltd. lifted its holdings in shares of Canadian National Railway by 4.1% in the 3rd quarter. Lincluden Management Ltd. now owns 434,344 shares of the transportation company’s stock worth $40,717,000 after acquiring an additional 17,257 shares during the last quarter. Kensington Investment Counsel LLC bought a new position in shares of Canadian National Railway during the 3rd quarter valued at $3,079,000. Scharf Investments LLC purchased a new position in Canadian National Railway in the 4th quarter worth $8,283,000. CIBC Bancorp USA Inc. purchased a new position in Canadian National Railway in the 3rd quarter worth $32,174,000. Finally, Fisher Asset Management LLC lifted its stake in Canadian National Railway by 10.5% in the fourth quarter. Fisher Asset Management LLC now owns 2,279,778 shares of the transportation company’s stock worth $225,356,000 after purchasing an additional 216,963 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Company Profile

(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.