Canadian National Railway (USA) (CNI) is Reiterated by Barclays to Equal Weight, Raises Price Target to $ 58

Canadian National Railway (USA) (CNI) was Reiterated by Barclays to “Equal Weight” according to the research note released today. The brokerage firm has raised the Price Target to $ 58 from a previous price target of $56 . Barclays advised their investors in a research report released on Apr 26, 2016.

Many Wall Street Analysts have commented on Canadian National Railway (USA). Company shares were Reiterated by Cowen on Apr 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 69 from a previous price target of $61.50 .Company shares were Reiterated by RBC Capital Mkts on Apr 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 90 from a previous price target of $89 .Canadian National Railway (USA) was Downgraded by CIBC to ” Sector Perform” on Apr 26, 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)

Leave a Reply

Canadian National Railway (USA) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Canadian National Railway (USA). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.