CIBC Reiterates Buy Rating for Canadian National Railway
CIBC maintains a bullish outlook on Canadian National Railway with a $185 target, a 53.73% upside from the current price.
Key Points
- CIBC analyst Kevin Chiang reiterated a buy rating for Canadian National Railway with a price target of $185 on June 25, 2026.
- CIBC's $185 price target implies 53.73% upside from Canadian National Railway Company's ($CNI) current $120.34 share price.
- Shares of Canadian National Railway traded at $115.91 on Thursday, with a market cap of approximately $69.23 billion and a P/E ratio of 21.06.
- Other analysts like Evercore ISI Group and B of A Securities also maintain buy ratings, with targets of $124 and $134 respectively.
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CIBC analyst Kevin Chiang reiterated a buy rating for Canadian National Railway Company (NYSE:CNI) on June 25, 2026, setting a price target of $185. This update comes as the stock traded around $115.91 on Thursday.
Canadian National Railway Company Stock Down 3.5%
Shares of Canadian National Railway traded near $115.91 on Thursday. The company boasts a market cap of about $69.23 billion and a P/E ratio of 21.06. Its forward P/E stands at 18.49, and it has a beta of 1.002, indicating moderate volatility. The stock's 52-week range is between $90.74 and $122.48, with a 50-day moving average of $114.16 and a 200-day moving average of $102.79. The company has a current ratio of 0.668 and a quick ratio of 0.403, alongside a debt-to-equity ratio of 105.664.
$CNI price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
In its recent earnings report, Canadian National Railway posted revenue of $17.28 billion, though it experienced a slight revenue decline of 0.5%. The company's net margin stands at 27.23% with a return on equity of 21.85%. The next earnings announcement is scheduled for July 24, 2026.
Dividend
Canadian National Railway pays an annual dividend of $2.62, yielding 2.31%. The dividend payout ratio is 47.13%, indicating a balanced approach between returning cash to shareholders and retaining earnings for growth.
Analysts Set New Price Targets
On June 25, 2026, CIBC maintained its buy rating for Canadian National Railway with a $185 price target. Also on the same date, Evercore ISI Group upgraded its rating to buy with a $124 target. B of A Securities maintained its buy rating on June 23, 2026, setting a target of $134. Overall, the consensus among 12 analysts is a buy, with an average target price of approximately $116.
About Canadian National Railway Company
Canadian National Railway Company, based in Montreal, Canada, is a major player in the rail and transportation industry across North America. The company provides a wide range of services including rail, intermodal, trucking, and logistics. Headed by CEO Tracy A. Robinson, CN employs over 23,500 people and serves numerous sectors like automotive, coal, and consumer goods.
Bottom Line
CIBC's reiterated buy rating and high price target for Canadian National Railway highlight continued confidence in the company's performance. While the 13F filings and analyst ratings provide valuable insights, they reflect positions and opinions at a specific point in time. Investors often track these updates to gauge market sentiment and potential future performance.
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