Is Selling Canadian National Railway (USA) Here a Winning Strategy? Option Traders Hate The Stock

 Is Selling Canadian National Railway (USA) Here a Winning Strategy? Option Traders Hate The Stock

In today’s session Canadian National Railway (USA) (CNI) recorded an unusually high (105) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious CNI decrease. With 105 contracts traded and 6414 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: CNI170120P00065000 closed last at: $1.45 or 14.7% down. About 157,907 shares traded hands. Canadian National Railway (USA) (NYSE:CNI) has risen 7.05% since April 26, 2016 and is uptrending. It has outperformed by 1.79% the S&P500.

Analysts await Canadian National Railway (USA) (NYSE:CNI) to report earnings on January, 24. They expect $0.87 EPS, down 1.14% or $0.01 from last year’s $0.88 per share. CNI’s profit will be $667.58M for 19.19 P/E if the $0.87 EPS becomes a reality. After $0.96 actual EPS reported by Canadian National Railway (USA) for the previous quarter, Wall Street now forecasts -9.38% negative EPS growth.

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. Canadian National Railway has been the topic of 44 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Canadian National Railway (USA) (NYSE:CNI) has “Hold” rating given on Tuesday, October 13 by Canaccord Genuity. TD Securities downgraded the stock to “Hold” rating in Tuesday, April 26 report. The stock of Canadian National Railway (USA) (NYSE:CNI) earned “Neutral” rating by Seaport Global on Friday, October 28. The rating was maintained by Barclays Capital with “Equal-Weight” on Tuesday, April 26. The stock has “Buy” rating given by Argus Research on Tuesday, June 21. The stock of Canadian National Railway (USA) (NYSE:CNI) has “Overweight” rating given on Tuesday, February 23 by Morgan Stanley. National Bank Canada upgraded the stock to “Outperform” rating in Friday, September 11 report. The firm has “Sector Performer” rating by IBC given on Tuesday, April 26. The stock of Canadian National Railway (USA) (NYSE:CNI) earned “Outperform” rating by RBC Capital Markets on Wednesday, January 27. The rating was downgraded by Bank of America to “Underperform” on Tuesday, April 26.

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 $51.25 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 19.74 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: Investorplace.com which released: “Trade of the Day: Canadian National Railway (USA) (CNI) Is Steaming Ahead” on November 04, 2016, also Fool.ca with their article: “Why Bill Gates Loves Canadian National Railway Company” published on October 26, 2016, Fool.com published: “Canadian National Railway Sees Profits Fall, Faces Major Leadership Changes” on July 29, 2016. More interesting news about Canadian National Railway (USA) (NYSE:CNI) were released by: Fool.ca and their article: “Better Buy: Canadian National Railway Company or Canadian Pacific Railway Limited?” published on August 08, 2016 as well as Fool.ca‘s news article titled: “Should You Sell Canadian National Railway Company or Canadian Pacific Railway …” with publication date: September 09, 2016.

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