Analyst Rating Update on Canadian National Railway Company (CNI)

Canadian National Railway Company (CNI) : 1 brokerage houses believe that Canadian National Railway Company (CNI) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 12 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Canadian National Railway Company (CNI). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 16 Wall Street Analysts endorse the stock as a Hold with a rating of 2.81.

Canadian National Railway Company (CNI) : The most positive equity analysts on Canadian National Railway Company (CNI) expects the shares to touch $70, whereas, the least positive believes that the stock will trade at $50 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $63.34 with an expected fluctuation of $5.96 from the mean.

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


Canadian National Railway Company (NYSE:CNI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $61.88 and $61.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $62.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $62.26, notching a gain of 0.71% for the day. The total traded volume was 982,439 . The stock had closed at $61.82 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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