Raymond James has revised its rating for Canadian National Railway (CNI, Financial), shifting its stance from "Outperform" to "Market Perform." The firm has also adjusted the stock's price target downwards, setting it at $150, a reduction from the previous target of $180.
This change reflects the firm's growing concerns about the macroeconomic environment expected in 2025, which has tempered their confidence in the Canadian railroad's future prospects. During the first quarter, CN experienced significant volatility, partly attributable to a severe freeze in February. Although both CN and Canadian Pacific Kansas City (CP) managed to recover swiftly and ended on a positive note, the broader outlook has become less optimistic.
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 $118.42 with a high estimate of $164.45 and a low estimate of $77.04. The average target implies an upside of 21.35% from the current price of $97.59. 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 $137.43, suggesting a upside of 40.82% from the current price of $97.59. 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.
