CSX - Canadian National Railway: A Bright Future Ahead
2024-01-24 15:39:48 ET
Summary
- Canadian National Railway shares have risen by 15% since my last article.
- 2023 was a tough year for railroads, but the future looks bright.
- CNI expects 10% EPS growth in 2024. Canadian National Railway also raised its dividend by 7%.
Last October, I covered Canadian National Railway Company ( CNI ) in an article that was a part of my compounder series (where I focus on the highest quality, wide moat stocks with reliable and predictable fundamental growth).
In that piece, I highlighted my recent purchases of the stock and my belief that shares were attractively valued.
In the introduction to that original article, I said:
Canadian National Railway: A Bright Future Ahead“I'll break down why I believe that CNI shares have the potential to generate a 20% total return CAGR from here over the next several years, ultimately making this stock one of the best opportunities in the market today for dividend growth investors.”