In a report released yesterday, Allison Poliniak from Wells Fargo maintained a Hold rating on Canadian Railway (CNI). The company’s shares closed last Tuesday at $112.04, close to its 52-week high of $112.97.
According to TipRanks.com, Poliniak is a 5-star analyst with an average return of 16.6% and a 67.5% success rate. Poliniak covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Expeditors International, and John Bean Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canadian Railway with a $105.18 average price target, representing a -5.3% downside. In a report issued on October 6, Susquehanna also maintained a Hold rating on the stock with a $106.00 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 revenue of $3.21 billion and net profit of $545 million. In comparison, last year the company earned revenue of $3.96 billion and had a net profit of $1.36 billion.
Based on the recent corporate insider activity of 58 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.