What’s Next for Canadian National Railway (USA) After Today’s Bearish Options Activity?

 What's Next for Canadian National Railway (USA) After Today's Bearish Options Activity?

In today’s session Canadian National Railway (USA) (CNI) recorded an unusually high (3,702) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious CNI decrease. With 3,702 contracts traded and 754 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: CNI161216P00065000 closed last at: $2.65 or 29.3% up. About 51,758 shares traded hands. Canadian National Railway (USA) (NYSE:CNI) has risen 1.05% since April 18, 2016 and is uptrending. It has underperformed by 3.38% the S&P500.

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

Out of 23 analysts covering Canadian National Railway (NYSE:CNI), 9 rate it a “Buy”, 2 “Sell”, while 12 “Hold”. This means 39% are positive. $83 is the highest target while $55 is the lowest. The $67.50 average target is 5.22% above today’s ($64.15) stock price. Canadian National Railway has been the topic of 44 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Wednesday, January 27, the company rating was maintained by RBC Capital Markets. Stephens initiated Canadian National Railway (USA) (NYSE:CNI) on Tuesday, March 15 with “Equal-Weight” rating. The rating was upgraded by First Analysis on Wednesday, January 27 to “Overweight”. The stock of Canadian National Railway (USA) (NYSE:CNI) has “Neutral” rating given on Friday, October 28 by Seaport Global. The rating was maintained by Cowen & Co with “Outperform” on Monday, October 5. Raymond James upgraded Canadian National Railway (USA) (NYSE:CNI) on Wednesday, September 9 to “Outperform” rating. The stock of Canadian National Railway (USA) (NYSE:CNI) earned “Outperform” rating by Raymond James on Tuesday, July 26. The rating was downgraded by Raymond James to “Buy” on Tuesday, August 11. The company was downgraded on Monday, October 17 by Raymond James. The firm has “Buy” rating by Bank of America given on Monday, February 22.

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 $49.82 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 19.12 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: Foxbusiness.com which released: “Canadian National Railway (USA) Is Just Better at Moving Goods More Cheaply” on May 14, 2016, also Investorplace.com with their article: “Trade of the Day: Canadian National Railway (USA) (CNI) Is Steaming Ahead” published on November 04, 2016, Fool.ca published: “Why Bill Gates Loves Canadian National Railway Company” on October 26, 2016. More interesting news about Canadian National Railway (USA) (NYSE:CNI) were released by: Fool.com and their article: “Canadian National Railway Sees Profits Fall, Faces Major Leadership Changes” published on July 29, 2016 as well as Fool.ca‘s news article titled: “Does Canadian National Railway Company Fit in Your Portfolio?” with publication date: September 30, 2016.

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