Evercore ISI Group Rates Canadian National Railway (CNI) buy

Evercore ISI Group has upgraded Canadian National Railway Company (NYSE: CNI) to a 'buy' rating, setting a price target of $124. This change was announced on June 25, 2026, and reflects Evercore's increased confidence in the company's future performance.

What Changed in Evercore ISI Group's Canadian National Railway Position

On June 25, 2026, Evercore ISI Group raised its rating on Canadian National Railway to 'buy', setting a new price target of $124. This move suggests optimism about the company's prospects.

Other Institutional Activity in Canadian National Railway

Several major institutional investors have recently adjusted their positions in Canadian National Railway. The Royal Bank of Canada added 1,395,155 shares, growing its stake by 5.3% to 27,509,225 shares, valued at approximately $2.83 billion. Caisse de Depot et Placement du Quebec significantly increased its holdings by 4,889,251 shares, marking a 35.2% increase to 18,784,173 shares worth about $1.93 billion. FIL Ltd also boosted its position by 1,095,474 shares, a 7.0% rise, reaching 16,841,218 shares valued at roughly $1.73 billion. Meanwhile, 1832 Asset Management L.P. slightly trimmed its stake by 64,506 shares, a 0.3% decrease, maintaining 18,683,240 shares worth around $1.92 billion.

Canadian National Railway Company Stock Up 1.4%

Shares of Canadian National Railway (NYSE: CNI) traded near $115.91 on Thursday. The company boasts a market capitalization of $69.23 billion and a P/E ratio of 21.06. The stock's 52-week range is between $90.74 and $122.48, with a 50-day moving average of $114.16 and a 200-day moving average of $102.79. The company's beta is 1.002, indicating a volatility level similar to the market.

Recent Earnings

Canadian National Railway reported revenue of $17.28 billion, though it saw a slight revenue decline of 0.5%. The company's net margin stands at 27.2%, with a return on equity of 21.8%. The next earnings report is expected on July 24, 2026.

Dividend

Canadian National Railway offers an annual dividend rate of $2.62, yielding 2.31%. The dividend payout ratio is 47.13%, reflecting a healthy distribution of earnings to shareholders.

Insider Buying and Selling at Canadian National Railway Company

Recent insider activity includes several sales by Donald Keith Reardon, who sold shares on multiple occasions, including 7,892 shares at $122 on July 25, 2024, under a planned sale. Derek Taylor also sold 6,540 shares at $98.36 on December 23, 2025.

Analysts Set New Price Targets

On June 25, 2026, Evercore ISI Group upgraded Canadian National Railway to 'buy', setting a $124 price target. B of A Securities maintained its 'buy' rating with a $134 target on June 23, 2026. The consensus among analysts is a 'buy' recommendation, with an average target price of approximately $116.

About Canadian National Railway Company

Canadian National Railway Company, headquartered in Montreal, Quebec, operates a comprehensive transportation network across Canada and the United States. The company provides rail, intermodal, and trucking services, catering to a wide range of industries including automotive, coal, and consumer goods. Led by CEO Tracy A. Robinson, Canadian National Railway employs over 23,500 people and has been serving customers since its incorporation in 1919.

Bottom Line

Evercore ISI Group's upgrade of Canadian National Railway to a 'buy' rating with a $124 target reflects growing confidence in the company's performance. Investors often track such analyst updates for insights into potential stock movements. However, it's important to remember that these ratings are based on past data and may not reflect current conditions.