Canadian Railway (CNI) Received its Third Buy in a Row


According to The Fly, after Deutsche Bank and Raymond James gave Canadian Railway (NYSE: CNI) a Buy rating last month, the company received another Buy, this time from RBC Capital. Analyst Walter Spracklin maintained a Buy rating on Canadian Railway today. The company’s shares opened today at $77.29.

According to TipRanks.com, Spracklin is a top 100 analyst with an average return of 15.7% and a 68.2% success rate. Spracklin covers the Services sector, focusing on stocks such as Union Pacific Corp, Canadian Pacific, and Air Canada.

Currently, the analyst consensus on Canadian Railway is a Moderate Buy with an average price target of $92.71, implying a 20.0% upside from current levels. In a report issued on December 3, Deutsche Bank also maintained a Buy rating on the stock with a $101 price target.

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Canadian Railway’s market cap is currently $56.43B and has a P/E ratio of 12.66. The company has a Price to Book ratio of 4.14.

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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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