Canadian National Railway Company (NYSE:CNI) (TSE:CNR) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Tuesday, August 1st.
Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus upped their price objective on shares of Canadian National Railway from $73.00 to $74.00 and gave the stock a “hold” rating in a research report on Tuesday, April 25th. Barclays PLC restated an “equal weight” rating and set a $81.00 price objective (up from $69.00) on shares of Canadian National Railway in a research report on Wednesday, May 17th. Zacks Investment Research upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research report on Tuesday, July 11th. Credit Suisse Group reiterated a “neutral” rating on shares of Canadian National Railway in a research report on Friday, July 28th. Finally, Cowen and Company increased their target price on shares of Canadian National Railway from $77.00 to $81.00 and gave the company an “outperform” rating in a research report on Tuesday, April 25th. Fourteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $80.56.
Canadian National Railway (NYSE CNI) traded down 0.41% during midday trading on Tuesday, hitting $79.50. 1,517,779 shares of the stock were exchanged. Canadian National Railway has a 12 month low of $61.11 and a 12 month high of $84.48. The company has a market cap of $59.70 billion, a PE ratio of 19.62 and a beta of 1.11. The firm’s 50 day moving average price is $80.99 and its 200 day moving average price is $75.94.
Canadian National Railway Company Profile
Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.
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