In a report released today, Steve Hansen from Raymond James maintained a Hold rating on Canadian Railway (CNI), with a price target of C$135.00. The company’s shares closed last Wednesday at $96.98, close to its 52-week high of $97.22.
Hansen has an average return of 7.7% when recommending Canadian Railway.
According to TipRanks.com, Hansen is ranked #5856 out of 6813 analysts.
Canadian Railway has an analyst consensus of Moderate Buy, with a price target consensus of $98.04, implying a 2.5% upside from current levels. In a report issued on July 15, Wells Fargo also maintained a Hold rating on the stock with a $94.00 price target.
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Based on Canadian Railway’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.55 billion and net profit of $1.01 billion. In comparison, last year the company earned revenue of $3.54 billion and had a net profit of $786 million.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CNI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Canadian National Railway Co. engages in rail and related transportation business. Its services include rail, intermodal, trucking, supply chain services, business development, and maps and network. The firm offers their services in automotive; coal; fertilizer; food and beverages; forest products; dimensional loads; grain; metals and minerals; and petroleum and chemicals industries. The company was founded on June 6, 1919 and is headquartered in Montreal, Canada.
