Canadian National Railway (USA) (CNI) is Downgraded by Raymond James to Mkt Perform

Canadian National Railway (USA) (CNI) was Downgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Raymond James advised their investors in a research report released on Oct 17, 2016.

Many Wall Street Analysts have commented on Canadian National Railway (USA). Canadian National Railway (USA) was Initiated by Loop Capital to “Hold” on Sep 27, 2016. Company shares were Reiterated by Cowen on Jul 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 68 from a previous price target of $67 .Canadian National Railway (USA) was Upgraded by Raymond James to ” Outperform” on Jul 26, 2016.

On the company’s financial health, Canadian National Railway (USA) reported $1.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $1.04. The company had revenue of $2842.00 million for the quarter, compared to analysts expectations of $2896.90 million. The company’s revenue was down -9.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.15 EPS.

Canadian National Railway (USA) closed down -0.17 points or -0.26% at $66.32 with 9,78,330 shares getting traded on Friday. Post opening the session at $67.12, the shares hit an intraday low of $66.3 and an intraday high of $67.45 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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