Canadian National Railway Company $CNI Stock: Cidel Asset Management Inc. Lowers Stake

Cidel Asset Management Inc. reduced its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 7.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 374,166 shares of the transportation company’s stock after selling 29,507 shares during the quarter. Canadian National Railway comprises 2.2% of Cidel Asset Management Inc.’s holdings, making the stock its 8th largest holding. Cidel Asset Management Inc.’s holdings in Canadian National Railway were worth $44,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in CNI. Aprio Wealth Management LLC raised its holdings in Canadian National Railway by 6.2% during the 3rd quarter. Aprio Wealth Management LLC now owns 6,718 shares of the transportation company’s stock worth $799,000 after purchasing an additional 392 shares during the last quarter. State of Wyoming lifted its position in shares of Canadian National Railway by 27.3% in the 3rd quarter. State of Wyoming now owns 10,085 shares of the transportation company’s stock worth $1,202,000 after purchasing an additional 2,164 shares during the period. Soltis Investment Advisors LLC acquired a new position in shares of Canadian National Railway in the 3rd quarter worth approximately $1,941,000. Brooklands Fund Management Ltd bought a new stake in shares of Canadian National Railway in the 3rd quarter valued at $4,065,000. Finally, Choreo LLC boosted its stake in shares of Canadian National Railway by 7.7% in the 3rd quarter. Choreo LLC now owns 20,343 shares of the transportation company’s stock valued at $2,419,000 after purchasing an additional 1,458 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CNI. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a research report on Monday, July 27th. Argus restated a “hold” rating on shares of Canadian National Railway in a report on Monday, August 31st. Royal Bank Of Canada boosted their target price on shares of Canadian National Railway from $195.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Stephens raised shares of Canadian National Railway to a “hold” rating in a research report on Wednesday, July 8th. Finally, Citigroup decreased their price target on Canadian National Railway from $151.00 to $143.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Nine equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $137.49.

Trending Headlines about Canadian National Railway

Here are the key news stories impacting Canadian National Railway this week:

• Positive Sentiment: CN reported third-quarter adjusted earnings of C$1.54 per share, exceeding the Zacks consensus estimate of C$1.49. Coverage also described higher profit and a revenue surge, helped by strong pricing across freight segments, indicating resilient demand and pricing power. Canadian National Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: The board approved a fourth-quarter dividend of C$0.915 per share, payable December 30 to shareholders of record on December 9. The continued dividend reinforces CNI’s income appeal and signals confidence in cash generation. CN Declares Fourth-Quarter 2026 Dividend
• Neutral Sentiment: The quarter’s results and operating performance were released before the market, giving investors updated information on freight demand, pricing and execution. The earnings beat is favorable, although investors may focus on the complete outlook and management commentary for evidence that momentum can continue. CN Delivers Strong Third Quarter Performance
• Negative Sentiment: CFO Ghislain Houle will retire effective February 1, 2027, with investor-relations executive Jamie Lockwood succeeding him. The internal appointment should support continuity, but leadership changes can temporarily increase execution and oversight concerns. CN Announces CFO Retirement and Successor

Canadian National Railway Price Performance

Shares of NYSE:CNI opened at $123.82 on Friday. Canadian National Railway Company has a twelve month low of $90.74 and a twelve month high of $131.55. The stock’s 50 day moving average is $121.69 and its 200-day moving average is $115.34. The company has a quick ratio of 0.61, a current ratio of 0.87 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $74.61 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 2.22 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Friday, October 30th. The transportation company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.05. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.27 billion. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.22%. Canadian National Railway’s revenue was down 99.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.83 EPS. Sell-side analysts forecast that Canadian National Railway Company will post 5.80 EPS for the current fiscal year.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a transportation and logistics company that operates a major freight railway network across Canada and the United States. The company provides rail, intermodal and related transportation services for shippers, connecting production and consumption centers with ports and distribution hubs.

CN transports a broad range of commodities and manufactured goods, including petroleum and chemicals, grain and fertilizers, forest products, metals and minerals, coal, automotive products and consumer goods.