The stock of Canadian National Railway (USA) (NYSE:CNI) hit a new 52-week high and has $70.10 target or 4.00% above today’s $67.40 share price. The 5 months bullish chart indicates low risk for the $51.75 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $70.10 price target is reached, the company will be worth $2.07 billion 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 468,858 shares traded hands. Canadian National Railway (USA) (NYSE:CNI) has risen 6.62% since April 28, 2016 and is uptrending. It has outperformed by 0.70% the S&P500.
Analysts await Canadian National Railway (USA) (NYSE:CNI) to report earnings on January, 24. They expect $0.87 earnings per share, down 1.14% or $0.01 from last year’s $0.88 per share. CNI’s profit will be $668.02 million for 19.37 P/E if the $0.87 EPS becomes a reality. After $0.96 actual earnings per share 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 has “Neutral” rating given by Citigroup on Wednesday, April 6. The company was downgraded on Monday, October 17 by Raymond James. The stock of Canadian National Railway (USA) (NYSE:CNI) earned “Hold” rating by Canaccord Genuity on Tuesday, October 13. The stock of Canadian National Railway (USA) (NYSE:CNI) has “Buy” rating given on Wednesday, October 28 by Desjardins Securities. On Tuesday, April 26 the stock rating was maintained by Credit Suisse with “Neutral”. Seaport Global initiated the shares of CNI in a report on Friday, October 28 with “Neutral” rating. The company was initiated on Thursday, May 19 by CLSA. The stock has “Buy” rating given by Atlantic Securities on Thursday, August 11. As per Tuesday, April 26, the company rating was maintained by Cowen & Co. Citigroup maintained it with “Neutral” rating and $66 target price in Tuesday, September 13 report.
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.”
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: “Why Billionaire Bill Gates Owns Canadian National Railway Company” with publication date: September 02, 2014.
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.
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