Canadian National Railway Company (CNI) Receives Price Target

Canadian National Railway Company (CNI) : Currently there are 11 street experts covering Canadian National Railway Company (CNI) stock. The most bullish and bearish price target for the stock is $70 and $50 respectively for the short term. The average price target of all the analysts comes to $63.34. The estimated standard deviation from the target is $5.96.

Canadian National Railway Company (CNI) has an average broker rating of 2.81, which is interpreted as a Hold, as rated by 16 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 12 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.


Also, Atlantic Equities initiates coverage on Canadian National Railway Company (NYSE:CNI) The shares have been rated Buy. The rating by the firm was issued on August 11, 2016.

Canadian National Railway Company (NYSE:CNI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $64.19 and $63.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $64.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $64.67, notching a gain of 0.56% for the day. The total traded volume was 637,650 . The stock had closed at $64.31 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.