Is Canadian National Railway Company Common Stock (NYSE:CNI) Now a ‘Buy’? Why did Bank of America Upgrade The Stock?

May 17, 2018 - By Paula Hilliard

Canadian National Railway Company (NYSE:CNI) Logo

Canadian National Railway Company Common Stock (NYSE:CNI) Stock Upgrade

The previous rating of a “Underperform” for Canadian National Railway Company Common Stock (NYSE:CNI) has been discontinued as Bank of America upped CNI’s current rating to a respectable “Buy”.

Canadian National Railway Company (NYSE:CNI) Ratings Coverage

Among 9 analysts covering Canadian Railway (NYSE:CNI), 3 have Buy rating, 2 Sell and 4 Hold. Therefore 33% are positive. Canadian Railway has $10200 highest and $69 lowest target. $82.80’s average target is -1.39% below currents $83.97 stock price. Canadian Railway had 14 analyst reports since January 16, 2018 according to SRatingsIntel. Credit Suisse maintained Canadian National Railway Company (NYSE:CNI) on Wednesday, January 24 with “Neutral” rating. Susquehanna maintained the shares of CNI in report on Monday, April 2 with “Hold” rating. The firm has “Buy” rating given on Tuesday, April 24 by Cowen & Co. Deutsche Bank maintained Canadian National Railway Company (NYSE:CNI) rating on Friday, February 16. Deutsche Bank has “Sell” rating and $69 target. The rating was maintained by Credit Suisse on Thursday, March 8 with “Hold”. Goldman Sachs downgraded Canadian National Railway Company (NYSE:CNI) rating on Monday, May 14. Goldman Sachs has “Hold” rating and $10200 target. Cowen & Co maintained it with “Buy” rating and $86.0 target in Wednesday, February 28 report. The stock of Canadian National Railway Company (NYSE:CNI) has “Hold” rating given on Friday, February 16 by Argus Research. The stock has “Underperform” rating by Bank of America on Tuesday, March 6. The stock of Canadian National Railway Company (NYSE:CNI) has “Hold” rating given on Tuesday, April 24 by Susquehanna.

The stock increased 0.95% or $0.79 during the last trading session, reaching $83.97. About 1.56 million shares traded or 4.93% up from the average. Canadian National Railway Company (NYSE:CNI) has declined 1.34% since May 18, 2017 and is downtrending. It has underperformed by 12.89% the S&P500.

Analysts await Canadian National Railway Company (NYSE:CNI) to report earnings on July, 24. They expect $1.02 EPS, up 2.00 % or $0.02 from last year’s $1 per share. CNI’s profit will be $746.13 million for 20.58 P/E if the $1.02 EPS becomes a reality. After $0.79 actual EPS reported by Canadian National Railway Company for the previous quarter, Wall Street now forecasts 29.11 % EPS growth.

Canadian National Railway Company engages in rail and related transportation business. The company has market cap of $61.42 billion. The firm transports cargo, serving exporters, importers, retailers, farmers, and manufacturers. It has a 15.14 P/E ratio. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

More notable recent Canadian National Railway Company (NYSE:CNI) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” on May 17, 2018, also Seekingalpha.com with their article: “Protect Your Investments With A Deep Moat” published on April 30, 2018, Seekingalpha.com published: “More on Canadian National Q1” on April 24, 2018. More interesting news about Canadian National Railway Company (NYSE:CNI) were released by: Globenewswire.com and their article: “CN declares second-quarter 2018 dividend” published on April 23, 2018 as well as Globenewswire.com‘s news article titled: “CN current to grain car order demand in Western Canada” with publication date: May 02, 2018.

Canadian National Railway Company (NYSE:CNI) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.