# Canadian National Railway Company (CNI)

> Source: Nexqual · https://nexqual.com/CNI · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Canadian National Railway Company (CNI), nexqual.com/CNI" · informational, not investment advice.

**Price:** USD 124.93 (+2.36% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 122.05 · day 122.27–125.59 · 52w 90.74–131.55 · market cap $75.5B · NYQ

## Key facts
- 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)
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
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)
|  | 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) |

## Peers (Railroads)
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%

## More
Full page: https://nexqual.com/CNI · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $2.08 | $2.03 | +2.7% | $4.65B | 25 |
| Next quarter (ends 2026-12-31) | $2.17 | $2.17 | +0.1% | $4.86B | 22 |
| Current fiscal year (ends 2026-12-31) | $8.12 | $7.94 | +2.3% | $18.63B | 28 |
| Next fiscal year (ends 2027-12-31) | $8.98 | $8.85 | +1.4% | $19.43B | 29 |