Canadian National R.R.

CNR-T

TSE:CNR

119.00
1.95 (1.67%)
The Canadian National Railway Company is a Canadian Class I freight railway headquartered in Montreal, Quebec that serves Canada and the Midwestern and Southern United States. CN's slogan is "North America's Railroad".
More at Wikipedia

Analysis and Opinions about CNR-T

Signal
Opinion
Expert
BUY
BUY
November 26, 2019
Moving sideways since April. Incredibly good buy here. It's basically Canada in a stock. A bit of cyclicality. You never have to worry about it. It's a buy when it's down 16-17%. No proper Canadian portfolio should be without it.
Moving sideways since April. Incredibly good buy here. It's basically Canada in a stock. A bit of cyclicality. You never have to worry about it. It's a buy when it's down 16-17%. No proper Canadian portfolio should be without it.
Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$120.910
Owned
Yes
DON'T BUY
DON'T BUY
November 22, 2019
He’s looked at it a little while ago. They are in the business of hauling tons of things. Total tonnage of haul hasn’t increased very much recently. Net, the amount hasn’t changed. They have increased prices, which you can’t do forever. It is a well-run business, but it could run into a wall when they can’t increase efficiency and price. Expensive at close to 20 times.
He’s looked at it a little while ago. They are in the business of hauling tons of things. Total tonnage of haul hasn’t increased very much recently. Net, the amount hasn’t changed. They have increased prices, which you can’t do forever. It is a well-run business, but it could run into a wall when they can’t increase efficiency and price. Expensive at close to 20 times.
John O'Connell, CFA
Chairman and CEO, Davis Rea
Price
$119.950
Owned
Unknown
BUY
BUY
November 19, 2019
It is a core holding for him. It started picking up when we got good vibes about China/US talks. Buy it now if you plan to hold it for any length of time.
It is a core holding for him. It started picking up when we got good vibes about China/US talks. Buy it now if you plan to hold it for any length of time.
Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$123.760
Owned
Yes
PARTIAL SELL
PARTIAL SELL
November 18, 2019
The train conductors are set to strike. He purchased it in '08/'09. He has been selling it this year. He sold half his position. They are the most efficient railroad in North America. This is a candidate to use to raise some cash.
The train conductors are set to strike. He purchased it in '08/'09. He has been selling it this year. He sold half his position. They are the most efficient railroad in North America. This is a candidate to use to raise some cash.
Ryan Bushell
President, Newhaven Asset Management
Price
$123.940
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
November 15, 2019
The rail companies are both carriers. There’s been crop problems in Western Canada so their grain moving operation is down. They are also general economy stocks, though it’s trading with high multiple right now. He wouldn’t add to positions right now. The stock will be hit if the economy slows.
The rail companies are both carriers. There’s been crop problems in Western Canada so their grain moving operation is down. They are also general economy stocks, though it’s trading with high multiple right now. He wouldn’t add to positions right now. The stock will be hit if the economy slows.
David Cockfield
Managing Director, Northland Wealth Management
Price
$123.500
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
November 5, 2019
(A Top Pick Feb 13/19, Up 16%) Rails have consolidated and enjoy high barriers to entry. Sustainable growth allows them to increase margins and cash. It's cyclical, but now the rails are a great place to be.
(A Top Pick Feb 13/19, Up 16%) Rails have consolidated and enjoy high barriers to entry. Sustainable growth allows them to increase margins and cash. It's cyclical, but now the rails are a great place to be.
Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$122.060
Owned
Yes
HOLD
HOLD
October 24, 2019

CP-T vs. CNR-T. He owns CP-T and not CNR-T although both are excellent. He prefers Canadian rails to US rails. Both just reported modest volume headwinds but CNR-T had to cut their guidance and CP-T did not. The cuts are transitory in nature for both but over the next couple of years CP-T is positioned better to navigate through these volume headwinds.

CP-T vs. CNR-T. He owns CP-T and not CNR-T although both are excellent. He prefers Canadian rails to US rails. Both just reported modest volume headwinds but CNR-T had to cut their guidance and CP-T did not. The cuts are transitory in nature for both but over the next couple of years CP-T is positioned better to navigate through these volume headwinds.

Varun Anand
Portfolio Manager, Starlight Capital
Price
$0.000
Owned
No
BUY
BUY
October 21, 2019

CNR-T vs. CP-T. He is optimistic with respect to the rails. You get about 3/4ths of your lift when the industry picks up. CNR-T is slightly better than CP-T but the difference is not massive.

CNR-T vs. CP-T. He is optimistic with respect to the rails. You get about 3/4ths of your lift when the industry picks up. CNR-T is slightly better than CP-T but the difference is not massive.

Robert McWhirter
President, Selective Asset Management
Price
$0.000
Owned
No
BUY
BUY
October 15, 2019
His model price is $147.54. $96 is a definite buy level. Likes it.
His model price is $147.54. $96 is a definite buy level. Likes it.
Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
Price
$114.530
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
October 10, 2019
Best railroad in North America. All rails are under pressure because freight volumes are declining. Trade wars are hurting the trade flows. Recent valuation got stretched. 28-29% ROE. If it gets around $110, you can jump in with both hands. Great company, respects management, oligopoly.
Best railroad in North America. All rails are under pressure because freight volumes are declining. Trade wars are hurting the trade flows. Recent valuation got stretched. 28-29% ROE. If it gets around $110, you can jump in with both hands. Great company, respects management, oligopoly.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$113.700
Owned
No
BUY WEAKNESS
BUY WEAKNESS
October 9, 2019
Will it bounce back quickly? All rails have pulled back over fears of a slowing economy. Shipping volumes in things like coal have slowed. Rails are soft industrials, meaning less cyclical than, say, mining. She's been buying on dips. Or you can hold onto it. Crude by rail will continue to benefit them. A well-run company that's investing in tech to increase efficiency.
Will it bounce back quickly? All rails have pulled back over fears of a slowing economy. Shipping volumes in things like coal have slowed. Rails are soft industrials, meaning less cyclical than, say, mining. She's been buying on dips. Or you can hold onto it. Crude by rail will continue to benefit them. A well-run company that's investing in tech to increase efficiency.
Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$112.750
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
October 8, 2019
Take profits? It's a cyclical and has been sideways since April then recently dipped down. Rail traffic has fallen 5-6%, but this regularly happens to the rails. This decline will set you up to add to your existing position. CN has built parallel rail lines to combat bad winter weather. Accumulate this stock slow but surely over time.
Take profits? It's a cyclical and has been sideways since April then recently dipped down. Rail traffic has fallen 5-6%, but this regularly happens to the rails. This decline will set you up to add to your existing position. CN has built parallel rail lines to combat bad winter weather. Accumulate this stock slow but surely over time.
Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$111.610
Owned
Yes
HOLD
HOLD
October 7, 2019
Rail stocks have been under pressure because they move the economy's goods and there is a slowdown in manufacturing. In the near term it looks like it could be soft. He thinks it is the best managed and best run railroad in North America.
Rail stocks have been under pressure because they move the economy's goods and there is a slowdown in manufacturing. In the near term it looks like it could be soft. He thinks it is the best managed and best run railroad in North America.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$113.120
Owned
Yes
HOLD
HOLD
October 4, 2019
He likes them and owns it for clients. If you want to move things by rail there are only two companies -- the definition of an oligopoly with strong price control. The threat of an oncoming recession only offsets some of the need to move commodities. He thinks it will do just fine as a hold.
He likes them and owns it for clients. If you want to move things by rail there are only two companies -- the definition of an oligopoly with strong price control. The threat of an oncoming recession only offsets some of the need to move commodities. He thinks it will do just fine as a hold.
David Baskin
President, Baskin Wealth Management
Price
$113.030
Owned
Yes
HOLD
HOLD
October 4, 2019
Railways are in good condition. He doesn't see transport will be depressed even with a recession. However, it's now at a high multiple and their yields aren't exciting. He would focus on cashflow more.
Railways are in good condition. He doesn't see transport will be depressed even with a recession. However, it's now at a high multiple and their yields aren't exciting. He would focus on cashflow more.
David Cockfield
Managing Director, Northland Wealth Management
Price
$113.030
Owned
Unknown
DON'T BUY
DON'T BUY
October 3, 2019
Not interested in transportations at the moment. Shipping metrics are questionable. Breaking down on the charts. Between January - May is optimal holding period. Technicals are rolling over.
Not interested in transportations at the moment. Shipping metrics are questionable. Breaking down on the charts. Between January - May is optimal holding period. Technicals are rolling over.
Jon Vialoux
Research Analyst, CastleMoore Inc.
Price
$113.520
Owned
Unknown
DON'T BUY
DON'T BUY
October 2, 2019
He doesn't like them now. Terrific businesses, but are fully valued with minimal upside. Of the two, he prefers CN, but only a little. Buy them when the market slows down. You can pick away at both of them in the coming year--you have time.
He doesn't like them now. Terrific businesses, but are fully valued with minimal upside. Of the two, he prefers CN, but only a little. Buy them when the market slows down. You can pick away at both of them in the coming year--you have time.
Michael Decter
President & CEO, Lawrence Decter Investment Counsel
Price
$113.010
Owned
No
HOLD
HOLD
September 27, 2019
CN continues to be the most efficient railroad in terms of operating ratio. They are sensitive to the economy. Unless there is a need for cash, he would stick with it and collect the dividends.
CN continues to be the most efficient railroad in terms of operating ratio. They are sensitive to the economy. Unless there is a need for cash, he would stick with it and collect the dividends.
Gavin Graham
Trustee, Pointbreak ETFs
Price
$118.490
Owned
Unknown
BUY
BUY
September 26, 2019

CN vs CP After a lousy 30-40 years, the rails now enjoy sustained demand, high barriers to entry and free cash flow that can pay down debt and raise dividends. He likes this industry. He owns CN.

CN vs CP After a lousy 30-40 years, the rails now enjoy sustained demand, high barriers to entry and free cash flow that can pay down debt and raise dividends. He likes this industry. He owns CN.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$118.950
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 26, 2019
(A Top Pick Oct 11/18, Up 10%) Rails offer good cash flow and growth. The only issue they can't do more acquisitions, given regulations.
(A Top Pick Oct 11/18, Up 10%) Rails offer good cash flow and growth. The only issue they can't do more acquisitions, given regulations.
Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$118.950
Owned
Yes
DON'T BUY
DON'T BUY
September 25, 2019

Railway traffic is declining--news today. Overall, there are fears that the economy is slowing. Look at FedEx's stock and guidance. So investors are selling shares in stocks like CNR.

Railway traffic is declining--news today. Overall, there are fears that the economy is slowing. Look at FedEx's stock and guidance. So investors are selling shares in stocks like CNR.

Bruce Campbell (2)
President & Portfolio Manager, Stone Castle Investment Management Inc.
Price
$118.980
Owned
Unknown
BUY
BUY
September 20, 2019
This is a good holding to get general economic exposure without a lot of risk. They benefit from the lack of oil pipeline constraints -- this accounts for 3-4% of its value. At $126, there was not much more upside to the share price. He expects a high single-digit return if you buy now.
This is a good holding to get general economic exposure without a lot of risk. They benefit from the lack of oil pipeline constraints -- this accounts for 3-4% of its value. At $126, there was not much more upside to the share price. He expects a high single-digit return if you buy now.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$118.900
Owned
Unknown
HOLD
HOLD
September 20, 2019

He owns CNR-T over CP-T and CSX-Q in the US. CP-T is more grain and resource orientated -- East to West. CNR-T has more exposure to the US markets. He would hold if you own and wait for a pullback to buy more.

He owns CNR-T over CP-T and CSX-Q in the US. CP-T is more grain and resource orientated -- East to West. CNR-T has more exposure to the US markets. He would hold if you own and wait for a pullback to buy more.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$118.900
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
September 20, 2019
It is at a reasonable valuation at 16 times. They’re modelling 11% earnings per share growth. Great crude by railway as well as ores. He suggests buying it at dips.
It is at a reasonable valuation at 16 times. They’re modelling 11% earnings per share growth. Great crude by railway as well as ores. He suggests buying it at dips.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$118.900
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
September 10, 2019
A great long-term company. Buy on a dip. It's one of his biggest positions. It's a cash machine that's well-managed with huge pricing power.
A great long-term company. Buy on a dip. It's one of his biggest positions. It's a cash machine that's well-managed with huge pricing power.
Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$122.560
Owned
Yes
COMMENT
COMMENT
September 4, 2019

CIBC vs CN Rail for income? He would be getting out of all the Canadian rails at this point. The banks are also getting hurt. Negative interest rate curves are a warning that something ugly is going to happen. The GDP will fall and interest rates will begin to rise. He would therefore buy into CM-T and drop CNR-T.

CIBC vs CN Rail for income? He would be getting out of all the Canadian rails at this point. The banks are also getting hurt. Negative interest rate curves are a warning that something ugly is going to happen. The GDP will fall and interest rates will begin to rise. He would therefore buy into CM-T and drop CNR-T.

Ross Healy
Chairman, Strategic Analysis Corp
Price
$121.200
Owned
_N/A
BUY WEAKNESS
BUY WEAKNESS
September 4, 2019
He likes it and will try to buy it. It's the best railroad and most efficient in North America. They recent bought a small railroad in the States. CNR is a play on trade flows across North America. Can't go wrong buying this and won't decline as much when markets turn south.
He likes it and will try to buy it. It's the best railroad and most efficient in North America. They recent bought a small railroad in the States. CNR is a play on trade flows across North America. Can't go wrong buying this and won't decline as much when markets turn south.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$121.200
Owned
No
PAST TOP PICK
PAST TOP PICK
August 15, 2019
(A Top Pick Aug 30/18, Up 5%) Still likes it. Industry's consolidated in the last while. Restructured business nicely. Oil business is helping. A lot of good things happening. More environmentally friendly than trucking. A great company to own.
(A Top Pick Aug 30/18, Up 5%) Still likes it. Industry's consolidated in the last while. Restructured business nicely. Oil business is helping. A lot of good things happening. More environmentally friendly than trucking. A great company to own.
Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$120.500
Owned
Yes
BUY
BUY
July 29, 2019
Bought this in 2015 and will hold long-term. They run east-west, but also north-south so they can move product anywhere in North America. They bought. The dividend has grown 16% yearly and generates free cash flow.
Bought this in 2015 and will hold long-term. They run east-west, but also north-south so they can move product anywhere in North America. They bought. The dividend has grown 16% yearly and generates free cash flow.
Brett Girard, CPA, CA, CFA
CFO and Portfolio Manager, Liberty International Investment Management
Price
$125.310
Owned
Yes
HOLD
HOLD
July 16, 2019

CP-T earnings have improved with revenues up in all their businesses. He holds CNR-T instead. He would not buy more at these valuations. If you are playing the oil by rail strategy, he would prefer CNR-T as it has more incremental market opportunity as it ships south into the US. He is not adding adding to his position.

CP-T earnings have improved with revenues up in all their businesses. He holds CNR-T instead. He would not buy more at these valuations. If you are playing the oil by rail strategy, he would prefer CNR-T as it has more incremental market opportunity as it ships south into the US. He is not adding adding to his position.

Ryan Bushell
President, Newhaven Asset Management
Price
$124.570
Owned
_N/A
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