Stifel has revised its price target for Canadian National Railway (CNI, Financial), reducing it from $125 to $115, while maintaining a Buy rating on the stock. The adjustment comes as the firm assesses the company's first-quarter performance, noting that carload volumes showed some variability depending on the operator, although overall they weren't deemed particularly poor.
Despite these mixed results, the firm anticipates that CN's performance will largely align with its earlier projections, albeit potentially on the lower end. However, Stifel emphasized that a more significant concern lies beyond the first quarter, pointing instead to broader issues taking place in Washington, D.C., which they suggest could have an impact on future developments.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 23 analysts, the average target price for Canadian National Railway Co (CNI, Financial) is $116.60 with a high estimate of $165.16 and a low estimate of $76.68. The average target implies an upside of 16.88% from the current price of $99.76. More detailed estimate data can be found on the Canadian National Railway Co (CNI) Forecast page.
Based on the consensus recommendation from 30 brokerage firms, Canadian National Railway Co's (CNI, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Canadian National Railway Co (CNI, Financial) in one year is $131.03, suggesting a upside of 31.35% from the current price of $99.76. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Canadian National Railway Co (CNI) Summary page.
