Barclays Reaffirms Their Hold Rating on Canadian Railway (CNI)


Barclays analyst Brandon Oglenski maintained a Hold rating on Canadian Railway (CNI) yesterday and set a price target of $86. The company’s shares closed yesterday at $81.90.

According to TipRanks.com, Oglenski is a 4-star analyst with an average return of 7.0% and a 57.2% success rate. Oglenski covers the Services sector, focusing on stocks such as Canadian Pacific, XPO Logistics, and Alaska Air.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canadian Railway with a $105.86 average price target, a 29.3% upside from current levels. In a report issued on January 2, CIBC also maintained a Hold rating on the stock.

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Canadian Railway’s market cap is currently $59.75B and has a P/E ratio of 13.41. The company has a Price to Book ratio of 4.39.

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Canadian National Railway Co. is engages in rail and related transportation business. The company’s services include integrated transportation services: rail, intermodal, trucking, and supply chain services It offers movement of a diversified and balanced portfolio of goods including petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal and automotive. Canadian National Railway was founded on June 6, 1919 and is headquartered in Montreal, Canada.

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