Canadian National Railway Company’s Stock Is Buy After Reaching 52-Week High

 Canadian National Railway Company's Stock Is Buy After Reaching 52 Week High

The stock of Canadian National Railway Company (TSE:CNR) hit a new 52-week high and has $92.79 target or 3.00% above today’s $90.09 share price. The 7 months bullish chart indicates low risk for the $69.12 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $92.79 price target is reached, the company will be worth $2.07B 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 330,906 shares traded hands. Canadian National Railway Company (TSE:CNR) has risen 7.58% since April 21, 2016 and is uptrending. It has outperformed by 2.17% the S&P500.

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 -6.46% below today’s ($90.09) stock price. Canadian National Railway has been the topic of 35 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, January 14 by Canaccord Genuity. FirstEnergy Capital upgraded the shares of CNR in a report on Wednesday, January 27 to “Outperform” rating. The stock has “Hold” rating given by TD Securities on Friday, October 7. As per Wednesday, January 27, the company rating was downgraded by Raymond James. The company was initiated on Wednesday, October 26 by RBC Capital Markets. Raymond James downgraded the stock to “Outperform” rating in Tuesday, August 11 report.

More recent Canadian National Railway Company (TSE:CNR) news were published by: Fool.ca which released: “Why Bill Gates Loves Canadian National Railway Company” on October 26, 2016. Also Fool.ca published the news titled: “Canadian Pacific Railway Limited Versus Canadian National Railway Company” on November 04, 2016. Fool.ca‘s news article titled: “Is it Time to Buy Canadian National Railway Company?” with publication date: October 31, 2016 was also an interesting one.

Canadian National Railway Co is engaged in the rail and related transportation business. The company has a market cap of $69.12 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 19.86 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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