Canadian National Railway (USA) (CNI) is Reiterated by Cowen to Outperform, Raises Price Target to $ 69

Canadian National Railway (USA) (CNI) was Reiterated by Cowen to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 69 from a previous price target of $61.50 . Cowen advised their investors in a research report released on Apr 26, 2016.

Many Wall Street Analysts have commented on Canadian National Railway (USA). Canadian National Railway (USA) was Downgraded by Desjardins to ” Hold” on Apr 13, 2016. Canadian National Railway (USA) was Upgraded by Morgan Stanley to ” Overweight” on Feb 23, 2016.

On the company’s financial health, Canadian National Railway (USA) reported $1.00 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $0.93. The company had revenue of $2964.00 million for the quarter, compared to analysts expectations of $3010.69 million. The company’s revenue was down -4.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.86 EPS.

Canadian National Railway (USA) opened for trading at $65.45 and hit $66.22 on the upside on Friday, eventually ending the session at $65.89, with a gain of 1.28% or 0.83 points. The heightened volatility saw the trading volume jump to 13,77,804 shares. Company has a market cap of $51,668 M.

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.

Canadian National Railway (USA)

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