Can analysts adopt a bullish outlook for Canadian National Railway Company (TSE:CNR)?

November 15, 2017 - By Migdalia James

 Can analysts adopt a bullish outlook for Canadian National Railway Company (TSE:CNR)?

Canadian National Railway Company (TSE:CNR) Ratings Coverage

Among 10 analysts covering Canadian National Railway (TSE:CNR), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Canadian National Railway had 55 analyst reports since July 21, 2015 according to SRatingsIntel. On Wednesday, January 27 the stock rating was upgraded by FirstEnergy Capital to “Outperform”. The stock of Canadian National Railway Company (TSE:CNR) has “Outperform” rating given on Wednesday, October 26 by RBC Capital Markets. The company was maintained on Friday, October 7 by TD Securities. As per Wednesday, January 25, the company rating was maintained by Raymond James. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, September 8 report. Raymond James downgraded the shares of CNR in report on Wednesday, January 27 to “Market Perform” rating. Raymond James downgraded the stock to “Outperform” rating in Tuesday, August 11 report. The firm earned “Hold” rating on Wednesday, January 25 by TD Securities. The rating was maintained by Raymond James on Wednesday, January 18 with “Outperform”. Canaccord Genuity upgraded it to “Buy” rating and $84 target in Thursday, January 14 report. Below is a list of Canadian National Railway Company (TSE:CNR) latest ratings and price target changes.

13/09/2017 Broker: BMO Capital Markets Rating: Outperform New Target: $111.00 Target
13/09/2017 Broker: National Bank Canada Rating: Old Target: $108.00 New Target: $105.00 Target Down
08/09/2017 Broker: RBC Capital Markets Rating: Outperform New Target: $110.00 Maintain
26/07/2017 Broker: BMO Capital Markets Rating: Outperform New Target: $111.00 Target
16/06/2017 Broker: IBC Rating: Old Target: $105.00 New Target: $11.00 Target Up
16/06/2017 Broker: Raymond James Rating: Outperform Old Target: $112.00 New Target: $115.00 Target Up

About 38,779 shares traded. Canadian National Railway Company (TSE:CNR) has 0.00% since November 15, 2016 and is . It has underperformed by 16.70% the S&P500.

Canadian National Railway Company is engaged in the rail and related transportation business. The company has market cap of $76.29 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 and serving the cities and ports of Vancouver, Prince Rupert , Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America. It has a 19.99 P/E ratio. The Company’s network and connections to all Class I railroads provide its clients access to the three North American Free Trade Agreement nations.

More notable recent Canadian National Railway Company (TSE:CNR) news were published by: Benzinga.com which released: “The Railroad Trade: The Transport Stock Most Likely To Stay On Track” on November 14, 2017, also Wsj.com with their article: “Canadian National Railway and Norfolk Southern Strike Joint-Service Deal” published on October 27, 2017, Fool.ca published: “RRSP Investors: 5 Reasons to Own Canadian National Railway Company” on November 09, 2017. More interesting news about Canadian National Railway Company (TSE:CNR) were released by: Seekingalpha.com and their article: “Canadian National Railway Company Q3: Increased Demand” published on October 25, 2017 as well as Finance.Yahoo.com‘s news article titled: “Canadian National Railway (CNI) Q3 Earnings: What’s in Store?” with publication date: October 19, 2017.

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