Raymond James Upgrades Canadian National Railway (USA) to Outperform

Brokerage firm Raymond James Upgrades its rating on Canadian National Railway (USA)(NYSE:CNI). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by Raymond James was issued on Jul 26, 2016.

In a different note, Argus Research said it Initiates Coverage on Canadian National Railway (USA), according to a research note issued on Jun 21, 2016. The shares have been rated ‘Buy’ by the firm. CLSA said it Initiates Coverage on Canadian National Railway (USA), according to a research note issued on May 19, 2016. The shares have been rated ‘Sell’ by the firm.

Canadian National Railway (USA) (CNI) shares turned negative on Fridays trading session with the shares closing down -0.35 points or -0.55% at a volume of 9,81,860. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $63.89. The peak price level was also seen at $63.89 while the days lowest was $63.18. Finally the shares closed at $63.21. The 52-week high of the shares is $66.22 while the 52-week low is $46.23. According to the latest information available, the market cap of the company is $48,880 M.

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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