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Canadian National Railway ( (TSE:CNR) ) just unveiled an update.
Canadian National Railway reported first-quarter 2026 results on April 29, 2026, highlighting record revenue ton miles and its best first-quarter employee productivity and fuel efficiency in five years. The railway generated C$4.38 billion in revenue, down 1% year over year, but lifted free cash flow by 44% to C$900 million, while diluted EPS edged up 1% and adjusted EPS eased amid higher winter-related costs and a higher tax rate.
Operationally, CN posted 3% growth in gross and revenue ton miles, faster train speeds and car velocity, lower dwell and reduced operating expenses per gross ton mile, underscoring tighter execution and asset discipline. The company continued to return capital to shareholders by repurchasing nearly 6 million shares for C$869 million and declared a second-quarter dividend of C$0.915 per share, while maintaining a 2026 outlook of flattish volume growth and capital spending of about C$2.8 billion as it navigates macroeconomic and geopolitical risks.
The most recent analyst rating on (TSE:CNR) stock is a Buy with a C$160.00 price target. To see the full list of analyst forecasts on Canadian National Railway stock, see the TSE:CNR Stock Forecast page.
Spark’s Take on CNR Stock
According to Spark, TipRanks’ AI Analyst, CNR is a Outperform.
The score is driven primarily by strong financial profitability and supportive trend/momentum signals. It is tempered by higher leverage and soft recent free-cash-flow growth, a valuation that is not cheap at ~20x earnings, and a cautious earnings outlook tied to flat volumes, tariff/trade uncertainty, and a planned near-term increase in leverage.
To see Spark’s full report on CNR stock, click here.
More about Canadian National Railway
Canadian National Railway Company (CN) is a major North American freight railway operating an extensive transcontinental network across Canada and into the U.S., moving bulk commodities, manufactured goods and intermodal traffic. The company focuses on efficient, fuel‑effective rail transportation and network reliability to serve key industrial, agricultural and consumer markets.
Average Trading Volume: 1,910,976
Technical Sentiment Signal: Buy
Current Market Cap: C$95.82B
See more insights into CNR stock on TipRanks’ Stock Analysis page.