Could Canadian National Railway Company Recover After Today’s Huge Decline?

 Could Canadian National Railway Company Recover After Today's Huge Decline?

The stock of Canadian National Railway Company (TSE:CNR) is a huge mover today! About 145,033 shares traded hands. Canadian National Railway Company (TSE:CNR) has risen 8.27% since April 11, 2016 and is uptrending. It has outperformed by 4.34% the S&P500.
The move comes after 6 months negative chart setup for the $66.70B company. It was reported on Nov, 15 by Barchart.com. We have $80.80 PT which if reached, will make TSE:CNR worth $4.00B less.

Canadian National Railway Company (TSE:CNR) Ratings Coverage

Out of 11 analysts covering Canadian National Railway (TSE:CNR), 7 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 64% are positive. $95 is the highest target while $72 is the lowest. The $84.27 average target is -1.97% below today’s ($85.96) stock price. Canadian National Railway has been the topic of 35 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was initiated by RBC Capital Markets on Wednesday, October 26 with “Outperform”. On Tuesday, August 11 the stock rating was downgraded by Raymond James to “Outperform”. The rating was upgraded by FirstEnergy Capital on Wednesday, January 27 to “Outperform”. As per Friday, October 7, the company rating was maintained by TD Securities. The rating was upgraded by Canaccord Genuity on Thursday, January 14 to “Buy”. Raymond James downgraded the stock to “Market Perform” rating in Wednesday, January 27 report.

More important recent Canadian National Railway Company (TSE:CNR) news were published by: Prnewswire.com which released: “Research Reports Coverage on Railroads Stocks — Kansas City Southern …” on November 15, 2016, also Fool.ca published article titled: “Why Bill Gates Loves Canadian National Railway Company”, Fool.ca published: “Great-West Lifeco Inc. Buys $383 Million of Canadian National Railway Company …” on November 08, 2016. More interesting news about Canadian National Railway Company (TSE:CNR) was released by: Fool.ca and their article: “Is it Time to Buy Canadian National Railway Company?” with publication date: October 31, 2016.

Canadian National Railway Co is engaged in the rail and related transportation business. The company has a market cap of $66.70 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 18.95 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.

CNR.TO 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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