Canadian National Railway

Tri-coastal Access And Operational Efficiency Will Unlock Value

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

07 Nov 24

Updated

12 Jan 26

Views

950

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

-8.5%

7D

1.3%

Loading

1Y

-8.5%

7D

1.3%

You can edit this narrative until Jan 13 11:05 AM. Then, changes will post as Updates.

Author's Valuation

CA$154.9511.3% undervalued

AnalystConsensusTarget Fair Value

Shared on 12 Jan 26

Fair value Increased 0.065%

CNR: Share Repurchases Will Support Earnings Compounding And Future Upside Potential

Analysts have nudged their fair value estimate for Canadian National Railway slightly higher to $154.95 from $154.85, reflecting updated views on revenue growth, profit margins and future P/E assumptions. What's in the News From July 1, 2025 to September 30, 2025, Canadian National Railway repurchased 7,700,000 shares for CAD 1,041m, representing 1.23% of its shares.

Shared on 17 Dec 25

Fair value Increased 2.84%

CNR: Share Buybacks Will Support Earnings Compounding Amid Modest Macro Risks

Analysts have modestly raised their price target on Canadian National Railway, lifting estimated fair value by about C$4 to roughly C$155. This reflects slightly stronger expectations for revenue growth, margin expansion, and a lower future earnings multiple.

Shared on 18 Oct 25

Fair value Decreased 0.50%

Analysts have slightly lowered their price target for Canadian National Railway from $151.33 to $150.57, citing modest adjustments to discount rates and growth expectations. Analyst Commentary Recent analyst discussions around Canadian National Railway reflect a generally optimistic outlook, with several factors contributing to the positive sentiment.

Shared on 04 Oct 25

Fair value Decreased 0.94%

Analysts have revised Canadian National Railway's fair value price target down by approximately $1.43 CAD to $151.33. This change is attributed to modest reductions in the revenue growth outlook and a slight increase in discount rates, despite improved profit margin projections.

Shared on 01 May 25

Fair value Decreased 6.42%

Shared on 23 Apr 25

Fair value Decreased 0.88%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

Fair value Decreased 0.68%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Decreased 1.62%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Increased 0.70%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

Fair value Decreased 0.14%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 12 Mar 25

Fair value Increased 6.12%

AnalystConsensusTarget has increased revenue growth from 4.9% to 5.6%.

AnalystConsensusTarget Fair Value

CA$154.95

11.3% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

4.26%

Transportation revenue growth rate

0.24%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

7.49%

Calculation

CA$5.63b

Earnings '29

x

19.84x

PE Ratio '29

=

CA$111.78b

Market Cap '29

CA$111.78b

Market Cap '29

/

581.41m

No. shares '29

=

CA$192.25

Share Price '29

CA$192.25 Share Price '29

Discounted to 2026 @ 7.48% p.a.

=

CA$154.84

Fair Value '26