Is Canadian National Railway (USA) a Buy? The Stock Had Bullish Options Activity Today

 Is Canadian National Railway (USA) a Buy? The Stock Had Bullish Options Activity Today

In today’s session Canadian National Railway (USA) (CNI) registered an unusually high (230) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious CNI increase. With 230 contracts traded and 3904 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: CNI170120C00070000 closed last at: $1.1 or 0% . About 318,211 shares traded hands. Canadian National Railway (USA) (NYSE:CNI) has risen 9.83% since March 16, 2016 and is uptrending. It has outperformed by 4.28% 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 $722.60M for 18.10 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), 9 rate it a “Buy”, 2 “Sell”, while 10 “Hold”. This means 43% are positive. $83 is the highest target while $55 is the lowest. The $67.55 average target is 0.30% above today’s ($67.35) stock price. Canadian National Railway has been the topic of 41 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Wednesday, January 27, the company rating was upgraded by First Analysis. The firm earned “Neutral” rating on Tuesday, April 26 by Credit Suisse. The firm has “Buy” rating by Raymond James given on Tuesday, August 11. The stock of Canadian National Railway (USA) (NYSE:CNI) has “Outperform” rating given on Wednesday, January 27 by RBC Capital Markets. Cowen & Co maintained the stock with “Outperform” rating in Tuesday, April 26 report. The company was downgraded on Wednesday, January 27 by Raymond James. The stock has “Buy” rating given by Atlantic Securities on Thursday, August 11. The stock of Canadian National Railway (USA) (NYSE:CNI) has “Buy” rating given on Monday, February 22 by Bank of America. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, April 26. The stock of Canadian National Railway (USA) (NYSE:CNI) earned “Sector Performer” rating by IBC on Tuesday, April 26.

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.”

Canadian National Railway Co is engaged in the rail and related transportation business. The company has a market cap of $52.33 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. It has a 19.45 P/E ratio. 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.

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.

More notable recent Canadian National Railway (USA) (NYSE:CNI) news were published by: Fool.com which released: “Will Canadian National Railway (USA) Stay on Track?” on July 22, 2016, also Fool.com with their article: “Canadian National Railway Sees Profits Fall, Faces Major Leadership Changes” published on July 29, 2016, Fool.ca published: “Does Canadian National Railway Company Fit in Your Portfolio?” on September 30, 2016. More interesting news about Canadian National Railway (USA) (NYSE:CNI) were released by: Fool.ca and their article: “Better Buy: Canadian National Railway Company or Canadian Pacific Railway Limited?” published on August 08, 2016 as well as Fool.ca‘s news article titled: “Should You Own Canadian National Railway Company Forever?” with publication date: July 14, 2016.

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