Analyst Price Target Update on Canadian National Railway Company (NYSE:CNI)

Canadian National Railway Company (NYSE:CNI) should head towards $64.52 per share according to 12 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $50 per share. The higher price estimate target is at $90 according to the Analysts.

Many analysts have stated their opinion on the company shares. CLSA initiates coverage on Canadian National Railway Company (NYSE:CNI). The current rating of the shares is Sell, according to the research report released by the firm. The rating by the firm was issued on May 19, 2016. Company shares have received an average consensus rating of Hold for the current week

Canadian National Railway Company (NYSE:CNI) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.67 points or 1.13% at $58.52 with 1,012,928 shares getting traded. Post opening the session at $58.86, the shares hit an intraday low of $58.41 and an intraday high of $59.02 and the price was in this range throughout the day. The company has a market cap of $45,669 million and the number of outstanding shares have been calculated to be 780,400,000 shares. The 52-week high of Canadian National Railway Company (NYSE:CNI) is $66.22 and the 52-week low is $46.23.

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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