Short Term Rating on Canadian National Railway Company (CNI)

Canadian National Railway Company (CNI) : 17 analysts are covering Canadian National Railway Company (CNI) and their average rating on the stock is 2.88, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Canadian National Railway Company (CNI) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 14 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Canadian National Railway Company (CNI) : Currently there are 13 street experts covering Canadian National Railway Company (CNI) stock. The most bullish and bearish price target for the stock is $90 and $50 respectively for the short term. The average price target of all the analysts comes to $63.85. The estimated standard deviation from the target is $8.93.

Company shares have received an average consensus rating of Hold for the current week


Canadian National Railway Company (NYSE:CNI): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $60.71 and $60.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $61.39. The buying momentum continued till the end and the stock did not give up its gains. It closed at $61.19, notching a gain of 2.79% for the day. The total traded volume was 1,163,905 . The stock had closed at $59.53 on the previous day.

Canadian National Railway Company (CN) is engaged in the rail and related transportation business. CNs network and connections to all Class I railroads provide its customers with access to all three North American Free Trade Agreement (NAFTA) nations. CN derives its freight revenue from seven commodity groups representing a portfolio of goods transported between a range of origins and destinations. The Companys network of approximately 20,000 route miles of track spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico, serving the ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans and Mobile (Alabama), and the metropolitan areas of Toronto, Buffalo, Chicago, Detroit, Duluth (Minnesota)/Superior (Wisconsin), Green Bay (Wisconsin), Minneapolis/St. Paul, Memphis, and Jackson (Mississippi), with connections to all points in North America.

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