Q3 EPS Forecast for Canadian National Railway Cut by Analyst

Canadian National Railway Company (NYSE:CNI) (TSE:CNR) – Analysts at Raymond James Financial lowered their Q3 2025 EPS estimates for Canadian National Railway in a note issued to investors on Wednesday, October 22nd. Raymond James Financial analyst S. Hansen now anticipates that the transportation company will earn $1.24 per share for the quarter, down from their prior estimate of $1.37. Raymond James Financial currently has a “Outperform” rating on the stock. The consensus estimate for Canadian National Railway’s current full-year earnings is $5.52 per share. Raymond James Financial also issued estimates for Canadian National Railway’s Q4 2025 earnings at $1.44 EPS and FY2026 earnings at $5.86 EPS.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.Canadian National Railway’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period last year, the firm earned $1.84 earnings per share.

A number of other research firms have also recently commented on CNI. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Canadian National Railway in a report on Wednesday, July 23rd. Citigroup reduced their target price on Canadian National Railway from $121.00 to $119.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Susquehanna decreased their price target on Canadian National Railway from $120.00 to $115.00 and set a “positive” rating on the stock in a research note on Thursday, September 25th. Bank of America lowered their price target on Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Canadian National Railway in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $113.90.

Canadian National Railway Stock Performance

Canadian National Railway stock opened at $96.12 on Friday. The firm has a 50 day simple moving average of $94.96 and a 200-day simple moving average of $98.80. The stock has a market cap of $59.47 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 2.18 and a beta of 0.96. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58. Canadian National Railway has a 1-year low of $91.07 and a 1-year high of $114.13.

Institutional Investors Weigh In On Canadian National Railway

Institutional investors and hedge funds have recently modified their holdings of the company. Bennett Selby Investments LP boosted its holdings in Canadian National Railway by 2.2% during the 2nd quarter. Bennett Selby Investments LP now owns 4,796 shares of the transportation company’s stock valued at $499,000 after acquiring an additional 101 shares during the period. Heartland Advisors Inc. boosted its stake in shares of Canadian National Railway by 0.9% in the first quarter. Heartland Advisors Inc. now owns 12,293 shares of the transportation company’s stock valued at $1,198,000 after purchasing an additional 108 shares during the period. Creative Financial Designs Inc. ADV boosted its stake in shares of Canadian National Railway by 13.4% in the second quarter. Creative Financial Designs Inc. ADV now owns 929 shares of the transportation company’s stock valued at $97,000 after purchasing an additional 110 shares during the period. IFP Advisors Inc grew its holdings in shares of Canadian National Railway by 3.3% in the second quarter. IFP Advisors Inc now owns 3,582 shares of the transportation company’s stock valued at $373,000 after purchasing an additional 115 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in Canadian National Railway by 5.3% during the 2nd quarter. D.A. Davidson & CO. now owns 2,374 shares of the transportation company’s stock worth $247,000 after buying an additional 119 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.