Loop Capital Initiates Coverage on Canadian National Railway (USA) to Hold

Loop Capital Initiates Coverage on Canadian National Railway (USA)(NYSE:CNI). The shares have been rated Hold. The rating by Loop Capital was issued on Sep 27, 2016.

In a different note, On Sep 13, 2016, Citigroup said it Maintains its rating on Canadian National Railway (USA). In the research note, the firm Raises the price-target to $61.00 per share. The shares have been rated ‘Neutral’ by the firm. On Sep 12, 2016, Barclays said it Maintains its rating on Canadian National Railway (USA). In the research note, the firm Raises the price-target to $65.00 per share. The shares have been rated ‘Equal-weight’ by the firm. Atlantic Equities said it Initiates Coverage on Canadian National Railway (USA), according to a research note issued on Aug 11, 2016. The shares have been rated ‘Buy’ by the firm. On Jul 26, 2016, Raymond James said it Upgrades its rating on Canadian National Railway (USA). The shares have been rated ‘Outperform’ by the firm.

Canadian National Railway (USA) (CNI) made into the market gainers list on Fridays trading session with the shares advancing 1.32% or 0.85 points. Due to strong positive momentum, the stock ended at $65.4, which is also near the day’s high of $65.67. The stock began the session at $65.12 and the volume stood at 8,91,845 shares. The 52-week high of the shares is $66.22 and the 52 week low is $46.23. The company has a current market capitalization of $50,574 M and it has 77,33,00,000 shares in outstanding.

Canadian National Railway (USA)(CNI) last announced its earnings results on Jul 25, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.20B. Analysts had an estimated revenue of $2.98B. Earnings per share were $0.86. Analysts had estimated an EPS of $1.06.

Canadian National Railway Company (CN) is engaged in the rail and related transportation business. CN’s 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 Company’s network of approximately 20000 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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