Canadian Railway (CNI) Receives a Hold from Wells Fargo
In a report released yesterday, Allison Poliniak from Wells Fargo maintained a Hold rating on Canadian Railway (CNI). The company’s shares closed last Wednesday at $93.27, close to its 52-week high of $96.53.
According to TipRanks.com, Poliniak is a 4-star analyst with an average return of 4.4% and a 57.1% success rate. Poliniak covers the Services sector, focusing on stocks such as Kansas City Southern, Canadian Pacific, and Norfolk Southern.
Currently, the analyst consensus on Canadian Railway is a Moderate Buy with an average price target of $90.93.
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The company has a one-year high of $96.53 and a one-year low of $65.13. Currently, Canadian Railway has an average volume of 951.2K.
Based on the recent corporate insider activity of 51 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.
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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.