Analyst Rating Update on Canadian National Railway Company (CNI)

Canadian National Railway Company (NYSE:CNI) : 17 analysts are covering Canadian National Railway Company (NYSE:CNI) and their average rating on the stock is 2.88, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Canadian National Railway Company (NYSE:CNI) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 14 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Canadian National Railway Company (NYSE:CNI) : 12 investment research analysts covering Canadian National Railway Company (NYSE:CNI) have an average price target of $64.09 for the near short term. The highest target price given by the Brokerage Firm to the stock is $90 and the lowest target is $50 for the short term. Analysts expect the variance to be within $9.28 of the average price.

Company shares have received an average consensus rating of Hold for the current week Also, Argus Research initiates coverage on Canadian National Railway Company (NYSE:CNI) The current rating of the shares is Buy. Earlier, the shares were rated a Neutral by the brokerage firm. Equity Analysts at the Firm announces the price target to $73 per share. The rating by the firm was issued on June 21, 2016.

Canadian National Railway Company (NYSE:CNI): stock turned positive on Tuesday. Though the stock opened at $56.99, the bulls momentum made the stock top out at $57.69 level for the day. The stock recorded a low of $56.51 and closed the trading day at $57.51, in the green by 1.97%. The total traded volume for the day was 988,131. The stock had closed at $56.4 in the previous days trading.

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.

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