Could Canadian National Railway Company Lose its Strength? The Stock Reaches All-Time High

 Could Canadian National Railway Company Lose its Strength? The Stock Reaches All Time High

The stock of Canadian National Railway Company (TSE:CNR) reached all time high today, Nov, 25 and still has $96.47 target or 7.00% above today’s $90.16 share price. This indicates more upside for the $69.18B company. This technical setup was reported by Barchart.com. If the $96.47 PT is reached, the company will be worth $4.84B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 345,847 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 -6.53% below today’s ($90.16) stock price. Canadian National Railway has been the topic of 35 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Raymond James on Tuesday, August 11. The rating was maintained by TD Securities on Friday, October 7 with “Hold”. The rating was upgraded by Canaccord Genuity to “Buy” on Thursday, January 14. On Wednesday, January 27 the stock rating was downgraded by Raymond James to “Market Perform”. The firm earned “Outperform” rating on Wednesday, October 26 by RBC Capital Markets. FirstEnergy Capital upgraded Canadian National Railway Company (TSE:CNR) on Wednesday, January 27 to “Outperform” rating.

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 $69.18 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 19.88 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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