CN Seeks Additional Information for Union Pacific and Norfolk Southern Merger Review
Written by Emily J. Thompson, Senior Investment Analyst
CN (CNI) filed a motion with the Surface Transportation Board to compel additional information in relation to the proposed merger agreement between Union Pacific (UNP) and Norfolk Southern (NSC). CN's motion shows that the applicants have not been upfront with their assessment, failing to outline the full extent of competitive harms as a result of the merger, one of many problems with the application. "Given the scale and stakes of the proposed combination, the applicants must meet the highest standard of transparency and compliance. The information the applicants refuse to disclose is critical to understand their perspective on anticipated competitive harms and inform the Board's public-interest and competition analyses. Rather than hide behind an inapt legal argument, the applicants should welcome the opportunity for a transparent and fulsome discussion about the merger's impact on competition. Rather than trying to convince everyone that there is 'nothing to see here', the applicants should instead be focused on meeting the rigorous and heightened standard called for by the new merger rules," said. Olivier Chouc, Senior Vice-President and Chief Legal Officer, CN
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Analyst Views on CNI
Wall Street analysts forecast CNI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CNI is 113.56 USD with a low forecast of 105.00 USD and a high forecast of 136.77 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
9 Buy
6 Hold
0 Sell
Moderate Buy
Current: 98.540
Low
105.00
Averages
113.56
High
136.77
Current: 98.540
Low
105.00
Averages
113.56
High
136.77
About CNI
Canadian National Railway Company is a transportation and logistics company. The Company's services include rail, intermodal, trucking, and supply chain services. The Company’s rail services offer equipment, customs brokerage services, transloading and distribution, private car storage and others. Its intermodal container services help shippers expand their door-to-door market reach with about 23 strategically placed intermodal terminals. Its intermodal services include temperature-controlled cargo, port partnerships, logistics park, custom brokerage, transloading and distribution, and others. Its trucking services include door-to-door service, import and export dray, interline services, and specialized services. Its supply chain services offer comprehensive services across a range of industries and product types. The Company transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Canadian National Railway to Announce Q4 Earnings on January 30
- Earnings Announcement: Canadian National Railway is set to release its Q4 earnings on January 30 before market open, with consensus EPS estimate at $1.46, reflecting a 19.8% year-over-year decline, and revenue expected at $3.28 billion, down 24.8% year-over-year.
- Historical Performance: Over the past year, CNI has surpassed EPS estimates 75% of the time and has beaten revenue estimates 100% of the time, indicating a strong track record in meeting market expectations.
- Estimate Revisions: In the last three months, EPS estimates have undergone 12 upward revisions and 9 downward adjustments, while revenue estimates have seen 11 upward and 8 downward revisions, highlighting mixed market sentiment regarding the company's future performance.
- Market Focus: Despite facing temporary headwinds, Canadian National Railway continues to attract investor interest, particularly regarding its objections to the Norfolk Southern-Union Pacific merger, showcasing its active role in industry dynamics.
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CN to Release Q4 and Full-Year 2025 Financial Results
- Earnings Release Schedule: CN will issue its fourth-quarter and full-year 2025 financial and operating results on January 30, 2026, at 7:30 a.m. ET, which is expected to impact investor confidence.
- Executive Conference Call: President and CEO Tracy Robinson will lead a conference call at 8:30 a.m. the same day to review the financial results and railway outlook, aiming to enhance transparency and investor communication.
- Participation Details: Interested parties can join the call by dialing 1-800-715-9871 (Canada/U.S.) or 1-647-932-3411 (International) using passcode 4883669, ensuring smooth participation.
- Webcast and Replay: CN will webcast the presentation live on its website and provide supporting slides, with a replay available post-call, further enhancing information accessibility and investor engagement.
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