Time to Reconsider Canadian National Railway (USA) (CNI) After Touching 52-Week High?

June 19, 2017 - By Vivian Park

The stock of Canadian National Railway (USA) (NYSE:CNI) hit a new 52-week high and has $88.98 target or 9.00 % above today’s $81.63 share price. The 8 months bullish chart indicates low risk for the $63.17 billion company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $88.98 price target is reached, the company will be worth $5.69 billion 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 194,708 shares traded. Canadian National Railway (USA) (NYSE:CNI) has risen 30.03% since June 19, 2016 and is uptrending. It has outperformed by 13.33% the S&P500.

Investors wait Canadian National Railway (USA) (NYSE:CNI) to report on July, 25 after the close. its quarterly earnings Wall Street analysts expect $0.93 earnings per share, up $0.07 or 8.14 % from last year’s $0.86 same quarter earnings. This translates into $719.70M profit for CNI giving the stock a 21.93 P/E. This is assuming the current $0.93 EPS is accurate. Canadian National Railway (USA)’s Wall Street analysts see 5.68 % EPS growth, taking into account the $0.88 EPS reproted in the previous quarter,

Canadian National Railway (USA) (NYSE:CNI) Ratings Coverage

Among 23 analysts covering Canadian National Railway (NYSE:CNI), 10 have Buy rating, 1 Sell and 12 Hold. Therefore 43% are positive. Canadian National Railway had 49 analyst reports since July 21, 2015 according to SRatingsIntel. Seaport Global initiated Canadian National Railway (USA) (NYSE:CNI) on Friday, October 28 with “Neutral” rating. The stock of Canadian National Railway (USA) (NYSE:CNI) has “Sell” rating given on Thursday, May 19 by CLSA. As per Wednesday, October 28, the company rating was maintained by Barclays Capital. The company was maintained on Monday, October 5 by Cowen & Co. The firm has “Hold” rating given on Tuesday, September 27 by Loop Capital. The firm has “Overweight” rating by First Analysis given on Wednesday, January 27. The stock of Canadian National Railway (USA) (NYSE:CNI) earned “Neutral” rating by Bank of America on Thursday, January 12. Raymond James downgraded Canadian National Railway (USA) (NYSE:CNI) on Monday, October 17 to “Mkt Perform” rating. Raymond James downgraded the shares of CNI in report on Wednesday, January 27 to “Mkt Perform” rating. Citigroup maintained it with “Neutral” rating and $62 target in Wednesday, April 6 report.

More notable recent Canadian National Railway (USA) (NYSE:CNI) news were published by: Fool.ca which released: “Is Canadian National Railway Company a Buy at ~$100?” on May 03, 2017, also Fool.ca with their article: “Rail Investors: Should You Buy Canadian National Railway Company or Canadian …” published on June 05, 2017, Fool.ca published: “Is Canadian National Railway Company Back on Track?” on March 14, 2017. More interesting news about Canadian National Railway (USA) (NYSE:CNI) were released by: Fool.ca and their article: “Why The Drop in Canadian National Railway Company Stock is the Perfect …” published on April 26, 2017 as well as Fool.com‘s news article titled: “Canadian National Railway Sees Profits Fall, Faces Major Leadership Changes” with publication date: July 29, 2016.

Canadian National Railway Company is engaged in the rail and related transportation business. The company has market cap of $63.17 billion. 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 , 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. It has a 22.33 P/E ratio. The Company’s network and connections to all Class I railroads provide its clients access to the three North American Free Trade Agreement nations.

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