CNI - Canadian National Railway Company

NYSE - NYSE Delayed Price. Currency in USD
88.52
+0.44 (+0.50%)
At close: 4:00PM EDT
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close88.08
Open89.11
Bid79.36 x 800
Ask88.55 x 1000
Day's Range88.42 - 90.04
52 Week Range65.13 - 96.53
Volume483,867
Avg. Volume988,241
Market Cap62.833B
Beta (5Y Monthly)0.63
PE Ratio (TTM)15.07
EPS (TTM)5.87
Earnings DateN/A
Forward Dividend & Yield1.68 (1.90%)
Ex-Dividend DateJun 08, 2020
1y Target Est123.33
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • GlobeNewswire

    CN Investing $10 Million in Nova Scotia

    CN (CNR.TO) (CNI) announced today that, as part of its strategic investments to support growing demand and enable supply chains, it plans to invest over $10 million (CAD) across Nova Scotia in 2020. The investments will focus on the replacement of rail and ties, rebuilding road crossing surfaces as well as maintenance work on bridges, culverts, signal systems and other track infrastructure.

  • GlobeNewswire

    CN Investing $310 Million in Ontario

    CN (CNR.TO) (CNI) announced today that, as part of its strategic investments to support growing demand and enable supply chains, it plans to invest approximately $310 million (CAD) across Ontario in 2020. The investments will focus on intermodal facilities, the replacement of rail and ties, as well as the maintenance of bridges, level crossings, culverts, signal systems and other track infrastructure.

  • CN Plans Nearly C$1 Billion In Capital Projects
    Benzinga

    CN Plans Nearly C$1 Billion In Capital Projects

    Canadian National Railway (NYSE: CNI) is investing C$985 million (US$720.1 million) in capital improvement projects in the provinces of Alberta, British Columbia and Quebec in 2020.The capital projects come as CN has laid out its long-term intentions to bolster its eastern operations while also expanding network capacity in western Canada to handle greater export volumes. CN's overall capital budget for 2020 is $2.9 billion, and executives have said that CN will use the lower-volume environment of 2020 to conduct track maintenance to ensure the network's health. The lower-volume environment enables CN "to further strengthen our railroad in terms of having the additional time available out there on the track," said Rob Reilly, CN"s chief operating officer during the company's first-quarter earnings call on April 27.Earlier this month, CN touted its expanding propane export capabilities at Prince Rupert in British Columbia. And in February, the Canadian government laid out plans to invest $15 million in rail-related infrastructure in energy-producing Alberta.Capital Projects In British ColumbiaCN expects to spend approximately $445 million this year in expansion projects and maintenance in British Columbia. The railway has invested more than $1.3 billion in the province in the last five years.Projects that CN says will expand capacity include the construction of 3.5 miles of double track between Vancouver and Edmonton; new sidings in the rail corridor between Edmonton and Prince Rupert; and continued support of multi-year infrastructure projects at the ports of Vancouver and Prince Rupert that are being done in collaboration with the Canadian government and the port authorities of Vancouver and Prince Rupert.Maintenance projects include the replacement of more than 100 miles of rail, the installation of over 209,000 new railroad ties and over 46,000 concrete ties, the rebuild of 22 road crossing surfaces and maintenance work on bridges, culverts, signal systems and other track infrastructure, CN said. CN has 2,814 route miles in the province.CN's British Columbia facilities include coal, grain and intermodal terminals at the Port of Vancouver, as well as a major rail classification yard and multiple distribution centers for forest products, metals and automotive products in the greater Vancouver area. CN also has CargoFlo bulk handling facilities in Vancouver and Ashcroft and an intermodal terminal at Prince George.Capital Projects In QuebecAbout $235 million will be for capital projects in Quebec, including projects to advance information technology and positive train control, the replacement of rail and ties, and the maintenance of track infrastructure. The railway said it has spent more than $1.8 billion in the province in the last five years.Maintenance improvements include replacing more than 20 miles of rail, installing approximately 140,000 new railroad ties, rebuilding 47 road crossing surfaces and maintenance work on bridges, culverts, signal systems, and other track infrastructure, CN said. CN has 2,041 route miles in the province.Facilities in Montreal include a major rail classification yard and repair shops and CN's headquarters. They also include an intermodal terminal, logistics park, automotive and metals distribution centers, and a CargoFlo bulk handling facility, in addition to service to the Port of Montreal.In Quebec City, CN has a large classification yard as well as access to a deep-water port and metals, automotive, and forest products distribution centers. CN has also been partnering with Hutchison Ports and the Port of Quebec to construct a new intermodal container terminal that will have a capacity of 700,000 twenty-foot equivalent units (TEUs). CN expects the container terminal to be open in spring 2024.Capital Projects In AlbertaCN is also spending approximately $305 million on capital projects in Alberta. Projects include the construction of five miles of double track between Vancouver and Edmonton near Hinton, the replacement of rail ties and maintenance work on level crossings, bridges, culverts, signal systems, and other track infrastructure. The railway has spent more than $1.4 billion in the last five years on capital projects in the province.CN's maintenance projects in Alberta include the replacement of approximately 71 miles of rail track, the installation of over 210,000 new railroad ties, and the rebuilding of 28 road crossing surfaces. CN has 2,522 route miles in Alberta.CN's facilities in Alberta support the province's agricultural and energy sectors, as well as intermodal business at Calgary and Edmonton. Calgary facilities include a logistics park, an automotive distribution facility, a forest products distribution center, and a CN CargoFlo bulk handling facility. CN's footprint in Edmonton includes automotive distribution and CargoFlo bulk handling facilities, and metals and forest products distribution centers. CN also has rail classification yards in Edmonton and Calgary, as well as railcar and locomotive repair shops at Edmonton's Walker Yard. Click here for more FreightWaves articles by Joanna Marsh.Related articles:CN benefits from British Columbia's growing propane exportsCanadian National eyes growth opportunities in intermodal, crude-by-railCanada invests in rail infrastructure in energy-producing AlbertaSee more from Benzinga * Teknowlogi Uses AI To Automate Email Quote Requests * Rising Ocean Freight Rates The Result Of Blank Sailings * Amazon Doling Out 0 Million 'Thank You' To Workers(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • GlobeNewswire

    CN Investing $445 Million in British Columbia

    CN (CNR.TO) (CNI) announced today that, as part of its strategic investments to support growing demand and enable supply chains, it plans to invest approximately $445 million (CAD) across British Columbia in 2020. The investments will include expansion projects that will add track in yards to handle growing traffic, new sidings as well as continued investments in multi-year initiatives to increase capacity at the Port of Vancouver and at the Port of Prince Rupert in collaboration with the Government of Canada, the Vancouver Fraser Port Authority, and the Prince Rupert Port Authority.

  • GlobeNewswire

    CN Investing $305 Million in Alberta

    CN (CNR.TO) (CNI) announced today that, as part of its strategic investments to support growing demand and enable supply chains, it plans to invest approximately $305 million (CAD) across Alberta in 2020. The investments will include expansion projects such as the construction of double track to allow more trains to pass on CN’s mainline. The maintenance program will focus on the replacement of rail and ties, as well as maintenance work on level crossings, bridges, culverts, signal systems and other track infrastructure.

  • Moody's

    Grand Trunk Western Railroad Company -- Moody's affirms ratings of Canadian National Rail, senior unsecured at A2; outlook stable

    Moody's Investors Service, ("Moody's") affirmed the ratings of Canadian National Railway Company ("CN") including its A2 LT Issuer Rating, its A2 senior unsecured rating, its P-1 Commercial Paper rating and the A2 senior unsecured debt rating of Illinois Central Railroad Company, which is guaranteed by CN. CN is constrained by the decline in its credit metrics in more recent periods, affected by a strike in the fourth quarter of 2019, blockades on its network in the first quarter of 2020, but also due to large shareholder payments in the past two years by way of both dividends and share buybacks of approximately CAD3.2 billion/year at the same time that capital expenditures increased from CAD2.7 billion (in 2017) to CAD3.9 billion (in 2019).

  • GlobeNewswire

    CN Investing $235 Million in Quebec

    MONTRÉAL, June 25, 2020 (GLOBE NEWSWIRE) -- CN (CNR.TO) (CNI) announced today that it plans to invest approximately $235 million (CAD) across Quebec in 2020. The investments include various information technology projects, Positive Train Control, the replacement of rail and ties, as well as the maintenance of level crossings, culverts, signal systems and other track infrastructure.

  • GlobeNewswire

    CN to report second quarter 2020 financial and operating results on July 21, 2020

    MONTREAL, June 25, 2020 -- CN (TSX: CNR) (NYSE: CNI) will issue its second quarter 2020 financial and operating results on July 21, 2020, at 4:01 p.m. Eastern Daylight Time.

  • Reuters

    RPT-CN Rail sees eastern network revival on supply chain diversity, ports

    Canadian National Railway Co , the country's biggest railroad, is banking on growth in consumer products and supply-chain diversification in Asia, to revive traffic on its underutilized eastern Canadian rail lines, the company's chief executive told Reuters on Friday. "The tariff war and coronavirus have intensified and accelerated these trends," CN CEO Jean-Jacques Ruest said. "CN is very focused to repurpose that network, which is in great shape and only running at 50% capacity," Ruest said.

  • CN Rail sees eastern network revival on supply chain diversity, ports
    Reuters

    CN Rail sees eastern network revival on supply chain diversity, ports

    Canadian National Railway Co <CNR.TO>, the country's biggest railroad, is banking on growth in consumer products and supply-chain diversification in Asia, to revive traffic on its underutilized eastern Canadian rail lines, the company's chief executive told Reuters on Friday. "The tariff war and coronavirus have intensified and accelerated these trends," CN CEO Jean-Jacques Ruest said. "CN is very focused to repurpose that network, which is in great shape and only running at 50% capacity," Ruest said.

  • Corporate Canada joins travel industry's push to ease COVID-19 air curbs
    Reuters

    Corporate Canada joins travel industry's push to ease COVID-19 air curbs

    A group of 27 leading executives added to calls for Canada to ease coronavirus-led air restrictions in a letter published in the country's Globe and Mail newspaper on Thursday. The move lends support to the travel industry's push to relax air curbs as most international flights to and from Canada remain canceled. The executives, including the CEO of the largest Canadian lender Royal Bank of Canada, asked Prime Minister Justin Trudeau and provincial premiers to "find a responsible way to co-exist with COVID-19 until there is a vaccine."

  • Reuters

    Canadian grain exports flowing fast as pandemic lock-downs clear railway space

    Canadian grain exporters are boosting sales in a slumping global economy, as demand for commodities like oil weakens and frees up railway space. Major exporters include Richardson International, Viterra and Cargill. Declining coal and crude volumes and Canadian National Railway Co's recent purchases of locomotives and hopper cars have driven up grain shipments, said Sean Finn, CN executive vice president of corporate services.

  • Reuters

    As Canada reopens, the search for PPE consumes company resources

    Canadian companies are scouring the globe, often at great expense, to secure personal protective equipment (PPE) for staff and customers as businesses reopen and coronavirus restrictions are eased. While larger companies, such as Canadian National Railway Co , are tapping their own global networks to located PPE, smaller companies are battling higher costs to stock up.

  • Here is What Hedge Funds Think About Aegion Corp (AEGN)
    Insider Monkey

    Here is What Hedge Funds Think About Aegion Corp (AEGN)

    In this article we will take a look at whether hedge funds think Aegion Corp (NASDAQ:AEGN) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from […]

  • GlobeNewswire

    CN CEO and CFO to Speak on Company’s Post-Pandemic Plan at TD Securities Conference

    MONTREAL, June 11, 2020 -- JJ Ruest, President and Chief Executive Officer and Ghislain Houle, Executive Vice-President and Chief Financial Officer of CN (TSX: CNR) (NYSE:.

  • CN Benefits From British Columbia's Growing Propane Exports
    Benzinga

    CN Benefits From British Columbia's Growing Propane Exports

    Three vessels carrying Canadian propane destined for international markets departed from AltaGas' Ridley Island Propane Export Terminal on Thursday, beating a previous record by 50%, according to Canadian National Railway Company (NYSE: CNI). CN exclusively serves the facilities at the Port of Prince Rupert, which is where the AltaGas Ridley Terminal is located. The terminal has moved over 1 million metric tonnes of propane since it launched in May 2019. The increase in propane export volumes comes amid ongoing capacity expansions to grow propane export volumes out of British Columbia.Usually two vessels leave the Port of Prince Rupert monthly with propane, but this week, it was three vessels, according to CN."CN's investments in its Edmonton to Prince Rupert corridor continue to help support and enable strong and reliable supply chains," said Robert Reilly, executive vice president and chief operating officer at CN. "By investing in capacity, we are supporting our customers' ability to grow and expand to new markets."CN's increase in exports comes as more companies in British Columbia are seeking to take advantage of the global market for propane. The Canada Energy Regulator (CER) said on May 20 that British Columbia is gaining in its share of propane exports, with the province shipping 64,872 barrels per day (b/d) of propane in January, compared with Alberta's exports of 83,354 b/d.British Columbia is the second-largest exporting province of Canadian propane due in large part to two marine export terminals at its border points: the Ridley terminal, which is the first propane export terminal on Canada's west coast and has a capacity of 40,000 b/d, and Petrogas' 30,000-b/d marine terminal in Ferndale, Washington, according to CER. Natural gas production in western Canada has also increased in recent years, enabling more propane production from natural gas processing, CER said.  Canada's propane exports from January to January 2020 by transport mode. Source: CERThe Ridley terminal came into service in May 2019 and is one of four propane export terminals that have been proposed for Canada's west coast in recent years, according to a July 2019 CER market report. Others are the 25,000-b/d Prince Rupert Export Terminal on Watson Island, which is being built by Pembia and has a tentative in-service date in the first quarter of 2021; a proposed 40,000-b/d terminal also on Ridley Island that would be operated by Vopak Pacific Canada; and a proposed 46,000-b/d terminal at Kitimat, which would be operated by Pacific Traverse. The latter two facilities could come online in 2022 and 2023, respectively, but are pending regulatory approvals and final investment decisions, CER said.The Canadian government has also been seeking to expand rail-related energy capacity in western Canada. In February, Transport Canada announced plans to invest C$15 million in rail-related improvements in Alberta to reduce bottlenecks on the western Canadian rail network along sites near  energy production facilities.Flickr/Miroslav VolekSee more from Benzinga * Canadian Railroads Shatter Previous May Grain Records * Canadian Pacific Finalizes US Portion Of Atlantic Canada Short Line * Rail Pins Hopes On Auto Manufacturing As US Carloads Sustain Record Decline(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • GlobeNewswire

    CN Propane Supply Chain Sets New Record

    The Ridley Island Propane Export Terminal exclusively uses CN’s transcontinental rail network to safely transport propane from Alberta and British Columbia for export to global markets. “CN’s investments in its Edmonton to Prince Rupert corridor continue to help support and enable strong and reliable supply chains,” declared Robert Reilly, executive vice president and chief operating officer at CN.

  • Hedge Funds Are Souring On Canadian National Railway Company (CNI)?
    Insider Monkey

    Hedge Funds Are Souring On Canadian National Railway Company (CNI)?

    In this article we will check out the progression of hedge fund sentiment towards Canadian National Railway Company (NYSE:CNI) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 […]

  • A Trio of Stocks for the Value Investor
    GuruFocus.com

    A Trio of Stocks for the Value Investor

    High sales and earnings at compelling valuations Continue reading...

  • GlobeNewswire

    CN Breaks Grain Record for Third Consecutive Month

    CN (CNR.TO) (CNI) Announced today that it moved over 2.52 million metric tonnes (MMT) of western Canadian grain, ahead of the previous May record of 2.40 MMT set in 2014 and over 20% ahead of the three year average. When looking at Canada-wide performance, CN also set a record for May with over 2.60 MMT moved compared to the previous record of 2.52 MMT set in 2014.

  • The Zacks Analyst Blog Highlights: T-Mobile US, Citigroup, Blackstone Group, Regeneron Pharmaceuticals and Canadian National Railway
    Zacks

    The Zacks Analyst Blog Highlights: T-Mobile US, Citigroup, Blackstone Group, Regeneron Pharmaceuticals and Canadian National Railway

    The Zacks Analyst Blog Highlights: T-Mobile US, Citigroup, Blackstone Group, Regeneron Pharmaceuticals and Canadian National Railway

  • GlobeNewswire

    Ghislain Houle, CN Executive Vice-President and Chief Financial Officer, to Participate in Two Virtual Investor Conferences on June 2 and 9

    MONTREAL, May 29, 2020 -- Ghislain Houle, Executive Vice-President and Chief Financial Officer of CN (TSX: CNR) (NYSE: CNI), will participate in two virtual investor.

  • CN (CNI) Up 3.5% Since Last Earnings Report: Can It Continue?
    Zacks

    CN (CNI) Up 3.5% Since Last Earnings Report: Can It Continue?

    CN (CNI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Canadian National to Expand Intermodal Service Offering
    Zacks

    Canadian National to Expand Intermodal Service Offering

    Canadian National's (CNI) new intermodal rail service between Moncton and Halifax is expected to aid growth in the Atlantic region.