Barclays analyst Brandon Oglenski maintained a Hold rating on Canadian Railway (NYSE: CNI) yesterday and set a price target of $88. The company’s shares closed yesterday at $88.03, close to its 52-week high of $90.57.
According to TipRanks.com, Oglenski is a 4-star analyst with an average return of 9.1% and a 62.1% success rate. Oglenski covers the Services sector, focusing on stocks such as Knight Transportation, Kansas City Southern, and Union Pacific Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canadian Railway with a $94.13 average price target.
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Based on Canadian Railway’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $1.01 billion. In comparison, last year the company had a net profit of $767 million.
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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.
