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

17 Dec 25

Views

854

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

-8.3%

7D

-0.9%

Loading

1Y

-8.3%

7D

-0.9%

You can edit this narrative until Dec 18 12:10 AM. Then, changes will post as Updates.

Author's Valuation

CA$154.8513.3% undervalued

AnalystConsensusTarget Fair Value

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$154.85

13.3% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

4.35%

Transportation revenue growth rate

0.25%

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

7.47%

Calculation

CA$5.69b

Earnings '28

x

19.62x

PE Ratio '28

=

CA$111.67b

Market Cap '28

CA$111.67b

Market Cap '28

/

581.41m

No. shares '28

=

CA$192.06

Share Price '28

CA$192.06 Share Price '28

Discounted to 2025 @ 7.47% p.a.

=

CA$154.74

Fair Value '25