Zacks Research Has Negative Estimate for CNI Q3 Earnings

Canadian National Railway Company (NYSE:CNI) (TSE:CNR) – Stock analysts at Zacks Research cut their Q3 2026 EPS estimates for shares of Canadian National Railway in a report released on Friday, October 24th. Zacks Research analyst Team now anticipates that the transportation company will post earnings of $1.46 per share for the quarter, down from their previous estimate of $1.49. Zacks Research currently 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 analysts also recently issued reports about the stock. National Bank Financial downgraded shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 23rd. Wells Fargo & Company lowered their target price on shares of Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Evercore ISI downgraded shares of Canadian National Railway from an “outperform” rating to an “in-line” rating and set a $105.00 target price for the company. in a research note on Wednesday, July 23rd. Barclays reduced their price target on shares of Canadian National Railway from $99.00 to $97.00 and set an “equal weight” rating for the company in a report on Thursday, October 2nd. Finally, Citigroup reduced their price target on shares of Canadian National Railway from $121.00 to $119.00 and set a “buy” rating for the company in a report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $113.90.

Canadian National Railway Price Performance

NYSE:CNI opened at $94.67 on Monday. The firm has a market cap of $58.57 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 2.16 and a beta of 0.96. Canadian National Railway has a 12 month low of $91.07 and a 12 month high of $114.13. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. The company’s 50-day moving average price is $95.04 and its two-hundred day moving average price is $98.84.

Hedge Funds Weigh In On Canadian National Railway

Large investors have recently modified their holdings of the stock. Addison Advisors LLC raised its position in shares of Canadian National Railway by 124.0% in the second quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 150 shares during the period. Curio Wealth LLC grew its stake in Canadian National Railway by 31,600.0% during 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 in the last quarter. First Horizon Corp acquired a new stake in Canadian National Railway during the third quarter worth about $30,000. Dagco Inc. acquired a new stake in Canadian National Railway during the first quarter worth about $32,000. Finally, Brooklyn Investment Group boosted its stake in shares of Canadian National Railway by 354.3% in the 1st quarter. Brooklyn Investment Group now owns 427 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 333 shares in the last quarter. 80.74% of the stock is owned by institutional investors.

About Canadian National Railway

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.