Canadian National Railway Company (CNI) Stock Price & Analysis
Canadian National Railway Company (CNI) closed at USD 124.93 on Thursday, October 22, 2026, up 2.36% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 122.05; the Oct 22, 2026 session ranged USD 122.27–125.59 on volume of 2,213,571 shares. Market capitalization is $75.47B, with a 52-week range of USD 90.74–131.55 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:12 UTC.
Also available as compact Markdown for AI agents: nexqual.com/CNI.md
Key facts (CNI)
- 6 of 80 tracked superinvestors hold CNI (13F, Q2 2026): 0 new, 1 added, 2 reduced, 3 unchanged.
- Analysts: Buy (mean 2.43 on a 1–5 scale) (30 analysts), mean target USD 137.2 (range 112.1–152.22).
- Total return with dividends: 1Y +32.4% vs S&P 500 +14.9%; 5Y +1.8% vs S&P 500 +80.3%.
- Next earnings: 2026-10-30, EPS estimate USD 2.08, revenue estimate $4.65B.
Superinvestors (SEC 13F-HR, Q2 2026) (CNI)
6 of 80 tracked investors hold CNI. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Bill Gates | Gates Foundation Trust | 17.95% | $6.18B | Unchanged |
| Chris Hohn | TCI Fund Management | 2.13% | $1.12B | Reduced -4.2% |
| Prem Watsa | Fairfax Financial Holdings | 0.11% | $3.0M | Unchanged |
| Thomas Gayner | Markel Group | 0.05% | $6.4M | Unchanged |
| Lee Ainslie | Maverick Capital | 0.03% | $2.8M | Added +25.1% |
| First Eagle Investment | First Eagle Investment Management | <0.01% | $279K | Reduced -2.4% |
Analysts (CNI)
Consensus Buy (mean 2.43 on a 1–5 scale), 30 analysts; mean target USD 137.2 (low 112.1, high 152.22).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-07 | Citigroup | Target lowered | Buy | $151 → $143 |
| 2026-10-02 | Susquehanna | Target lowered | Neutral | $142 → $130 |
| 2026-09-23 | B of A Securities | Target lowered | Buy | $146 → $143 |
| 2026-08-31 | Argus Research | Reiterated | Hold | |
| 2026-07-27 | Evercore ISI Group | Target raised | Outperform | $124 → $139 |
| 2026-07-27 | RBC Capital | Target raised | Outperform | $195 → $205 |
| 2026-07-27 | Wells Fargo | Target raised | Overweight | $135 → $145 |
| 2026-07-27 | Barclays | Target raised | Equal-Weight | $109 → $130 |
| 2026-07-14 | Susquehanna | Downgrade | Positive → Neutral | $138 → $140 |
| 2026-07-09 | Citigroup | Target raised | Buy | $124 → $141 |
| 2026-07-08 | Wells Fargo | Target raised | Overweight | $110 → $135 |
| 2026-06-25 | Barclays | Target raised | Equal-Weight | $99 → $109 |
Total return (dividends reinvested) (CNI)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +32.4% | +1.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +32.6% | +0.4% |
| Volatility (annualized) | 22.0% | 19.3% |
| Max drawdown | -12.4% (Mar 2026→Mar 2026) | -27.8% (Mar 2024→Aug 2025) |
CNI analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $2.08 | $2.03 | +2.7% | $4.65B | 25 |
| Next quarter (ends Dec 2026) | $2.17 | $2.17 | +0.1% | $4.86B | 22 |
| Current fiscal year (ends Dec 2026) | $8.12 | $7.94 | +2.3% | $18.63B | 28 |
| Next fiscal year (ends Dec 2027) | $8.98 | $8.85 | +1.4% | $19.43B | 29 |
CNI options: expected move
Options price a move of about ±5.4% (±$6.75) by Nov 20, 2026, which includes earnings on Oct 30, 2026.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 23.9% | ±5.4% |
| Dec 18, 2026 | 56 | 21.4% | ±6.8% |
| Jan 15, 2027 | 84 | 22.0% | ±8.5% |
| Feb 19, 2027 | 119 | 22.8% | ±10.4% |
| Mar 19, 2027 | 147 | 22.1% | ±11.2% |
| Apr 16, 2027 | 175 | 22.1% | ±12.2% |
30-day implied volatility 23% vs 18.1% realized over the last 30 trading days. Put/call ratio (volume) 1.99. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:12 UTC)
| Price | USD 124.93 |
|---|---|
| Change | ▲ 2.36% (up) |
| Previous Close | USD 122.05 |
| Open | USD 122.3 |
| Day Range | USD 122.27 – 125.59 |
| 52-Week Range | USD 90.74 – 131.55 |
| Volume | 2,213,571 shares |
| Market Cap | $75.47B |
| Exchange | NYQ |
Technical Analysis (CNI)
Nexqual's technical model rates CNI "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:12 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 63.03 (neutral) |
| vs SMA50 | Above (USD 122.05) |
| MACD | 0.28 (positive) |
Analyst Ratings (CNI)
Wall Street analysts rate CNI "Buy" based on 30 analysts, with a mean price target of USD 137.2 (range USD 112.1–152.22), per Nexqual as of October 23, 2026 at 09:12 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 30 |
| Mean Target | USD 137.2 |
| High Target | USD 152.22 |
| Low Target | USD 112.1 |
| Buy / Hold / Sell | 14 / 15 / 1 |
Earnings (CNI)
| Next Earnings Date | 2026-10-30 |
|---|---|
| EPS Estimate | USD 2.08 |
| Revenue Estimate | $4.65B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 2.08 vs est 1.96 ▲ beat |
| 2026-03-31 | USD 1.8 vs est 1.81 ▼ miss |
| 2025-12-31 | USD 2.08 vs est 1.98 ▲ beat |
| 2025-09-30 | USD 1.83 vs est 1.77 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:12 UTC.
Financials & Fundamentals (CNI)
| Total Revenue | $17.76B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +11.30% |
| Gross Margin | +55.96% |
| Operating Margin | +40.27% |
| Profit Margin | +26.92% |
| ROE | +22.02% |
| Debt / Equity | 1.04 |
| Current Ratio | 0.87 |
| Total Cash | $307.00M |
| Total Debt | $22.75B |
Source: Nexqual, October 23, 2026 at 09:12 UTC.
Financial Health Score (CNI)
Nexqual rates Canadian National Railway Company's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:12 UTC.
| Growth | Mixed — Revenue +1.5% YoY (annual), slow |
|---|---|
| Profitability | Strong — Gross margin 56%, operating 40% (last 12 months) |
| Balance Sheet | Weak — CAD 307M cash vs CAD 22.8B debt |
| Cash Flow | Solid — Operating cash flow CAD 7.02B (TTM) |
| Efficiency | Strong — ROE 22%, ROA 7.7% |
Ownership (CNI)
| Insider Ownership | +0.03% |
|---|---|
| Institutional Ownership | +73.88% |
| Shares Outstanding | 604.10M |
| Float | 603.25M |
Source: Nexqual, October 23, 2026 at 09:12 UTC.
Leadership (CNI)
Canadian National Railway Company is led by Tracy A. Robinson, President, CEO & Director, per Nexqual as of October 23, 2026 at 09:12 UTC.
| President, CEO & Director | Tracy A. Robinson |
|---|---|
| Executive VP & CFO | Ghislain Houle |
| Executive VP & COO | Patrick Timothy Whitehead |
| Vice President of Investor Relations & Special Projects | Jamie Lockwood |
| Senior Vice-President of Operations | James Thompson |
Major Backers & Investors (CNI)
Notable institutional backers of Canadian National Railway Company include Gates Foundation Trust, Royal Bank of Canada, FIL LTD, according to Nexqual as of October 23, 2026 at 09:12 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Gates Foundation Trust | 8.6% |
| Royal Bank of Canada | 5.17% |
| FIL LTD | 3.17% |
| Caisse De Depot Et Placement Du Quebec | 3.15% |
| 1832 Asset Management L.P. | 2.74% |
| Bank of Montreal /CAN/ | 2.46% |
| TD Asset Management, Inc | 1.64% |
| TCI Fund Management Ltd | 1.57% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 2.64% |
Source: Nexqual, October 23, 2026 at 09:12 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| NSC | Norfolk Southern Corporation | USD 338.23 | ▲ 3.09% |
| CP | Canadian Pacific Kansas City Li | USD 90.62 | ▲ 2.86% |
| CSX | CSX Corporation | USD 51.67 | ▲ 6.76% |
| WAB | Westinghouse Air Brake Technolo | USD 276.47 | ▼ 4.32% |
| UNP | Union Pacific Corporation | USD 298.09 | ▲ 3.55% |
| TRN | Trinity Industries, Inc. | USD 25.82 | ▲ 2.34% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:12 UTC. This page is informational and not investment advice.
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