Canadian Railway (CNI) Receives a Rating Update from a Top Analyst


In a report released today, Jason Seidl from Cowen & Co. maintained a Buy rating on Canadian Railway (CNI), with a price target of $101. The company’s shares closed yesterday at $91.04.

According to TipRanks.com, Seidl is a top 100 analyst with an average return of 14.5% and a 70.6% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.

Currently, the analyst consensus on Canadian Railway is a Moderate Buy with an average price target of $103.

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Based on Canadian Railway’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $591 million. In comparison, last year the company had a net profit of $1.01 billion.

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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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