What’s Canadian National Railway Company Downside After Today’s Huge Decline?

 What's Canadian National Railway Company Downside After Today's Huge Decline?

The stock of Canadian National Railway Company (TSE:CNR) is a huge mover today! About 312,037 shares traded hands. Canadian National Railway Company (TSE:CNR) has risen 8.09% since April 22, 2016 and is uptrending. It has outperformed by 2.07% the S&P500.
The move comes after 8 months negative chart setup for the $69.26B company. It was reported on Nov, 28 by Barchart.com. We have $83.00 PT which if reached, will make TSE:CNR worth $4.85 billion 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 -5.58% below today’s ($89.25) stock price. Canadian National Railway has been the topic of 35 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Canaccord Genuity upgraded Canadian National Railway Company (TSE:CNR) rating on Thursday, January 14. Canaccord Genuity has “Buy” rating and $84 price target. On Tuesday, August 11 the stock rating was downgraded by Raymond James to “Outperform”. FirstEnergy Capital upgraded the stock to “Outperform” rating in Wednesday, January 27 report. Raymond James downgraded the stock to “Market Perform” rating in Wednesday, January 27 report. The stock of Canadian National Railway Company (TSE:CNR) earned “Outperform” rating by RBC Capital Markets on Wednesday, October 26. TD Securities maintained Canadian National Railway Company (TSE:CNR) on Friday, October 7 with “Hold” rating.

More recent Canadian National Railway Company (TSE:CNR) news were published by: Seekingalpha.com which released: “Revenue Declines Make Canadian National A Sell” on November 28, 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 $69.26 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 19.68 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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