The stock of Canadian National Railway (USA) (NYSE:CNI) hit a new 52-week high and has $107.99 target or 63.00% above today’s $66.25 share price. The 7 months bullish chart indicates low risk for the $51.45 billion company. The 1-year high was reported on Oct, 4 by Barchart.com. If the $107.99 price target is reached, the company will be worth $32.41B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 121,297 shares traded hands. Canadian National Railway (USA) (NYSE:CNI) has risen 11.72% since March 1, 2016 and is uptrending. It has outperformed by 2.48% the S&P500.
Analysts await Canadian National Railway (USA) (NYSE:CNI) to report earnings on October, 25. They expect $0.93 EPS, down 2.11% or $0.02 from last year’s $0.95 per share. CNI’s profit will be $722.21 million for 17.81 P/E if the $0.93 EPS becomes a reality. After $0.86 actual EPS reported by Canadian National Railway (USA) for the previous quarter, Wall Street now forecasts 8.14% EPS growth.
Canadian National Railway (USA) (NYSE:CNI) Ratings Coverage
Out of 21 analysts covering Canadian National Railway (NYSE:CNI), 10 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 48% are positive. $83 is the highest target while $55 is the lowest. The $67.55 average target is 1.96% above today’s ($66.25) stock price. Canadian National Railway has been the topic of 40 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was initiated on Thursday, August 11 by Atlantic Securities. The stock of Canadian National Railway (USA) (NYSE:CNI) earned “Equal-Weight” rating by Barclays Capital on Monday, October 5. The rating was maintained by Citigroup on Wednesday, April 6 with “Neutral”. The stock has “Equal Weight” rating given by Barclays Capital on Wednesday, October 28. The stock of Canadian National Railway (USA) (NYSE:CNI) earned “Hold” rating by Canaccord Genuity on Tuesday, October 13. The company was upgraded on Wednesday, October 28 by Desjardins Securities. The firm earned “Outperform” rating on Wednesday, January 27 by RBC Capital Markets. The firm has “Hold” rating given on Tuesday, April 26 by TD Securities. The rating was downgraded by Bank of America to “Underperform” on Tuesday, April 26. Cowen & Co maintained Canadian National Railway (USA) (NYSE:CNI) on Monday, October 5 with “Outperform” rating.
According to Zacks Investment Research, “Canadian National Railway Company, a Canadian corporation, operates the larger of Canada’s two principal railroads and the only coast-to-coast railroad network in North America. The company’s rail network serves major ports in Canada and includes strategic connections to the United States through the Chicago gateway, Detroit and other major cities.”
More notable recent Canadian National Railway (USA) (NYSE:CNI) news were published by: Fool.ca which released: “Does Canadian National Railway Company Fit in Your Portfolio?” on September 30, 2016, also Fool.com with their article: “Canadian National Railway Sees Profits Fall, Faces Major Leadership Changes” published on July 29, 2016, Benzinga.com published: “Canadian National Railway Initiated Hold At Loop Capital” on September 27, 2016. More interesting news about Canadian National Railway (USA) (NYSE:CNI) were released by: Fool.ca and their article: “Should You Sell Canadian National Railway Company or Canadian Pacific Railway …” published on September 09, 2016 as well as Fool.ca‘s news article titled: “Is Canadian National Railway Company a Buy Today?” with publication date: August 24, 2016.
CNI Company Profile
Canadian National Railway Company, incorporated on August 24, 1995, 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. The Company’s network and connections to all Class I railroads provide its clients access to the approximately three North American Free Trade Agreement (NAFTA) nations. The Firm carries over 300 million tons of cargo, serving exporters, importers, retailers, farmers and manufacturers. The Company’s freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive.
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