Time To Buy Canadian Railway (NYSE:CNI)? Merrill Lynch Upgrades Shares Today

May 18, 2018 - By Duane Lopez

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Canadian Railway (NYSE:CNI) Stock Upgrade

Trading of shares of Canadian Railway (NYSE:CNI) will be interesting to watch this afternoon as Merrill Lynch boosted the stock to a 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. The company was maintained on Tuesday, April 24 by Cowen & Co. Susquehanna maintained Canadian National Railway Company (NYSE:CNI) on Tuesday, January 16 with “Hold” rating. The firm has “Outperform” rating by Macquarie Research given on Wednesday, January 24. Credit Suisse maintained Canadian National Railway Company (NYSE:CNI) rating on Thursday, March 8. Credit Suisse has “Hold” rating and $75.0 target. Cowen & Co maintained Canadian National Railway Company (NYSE:CNI) rating on Wednesday, February 28. Cowen & Co has “Buy” rating and $86.0 target. On Tuesday, March 6 the stock rating was downgraded by Bank of America to “Underperform”. On Monday, April 2 the stock rating was maintained by Susquehanna with “Hold”. The rating was downgraded by Argus Research to “Hold” on Friday, February 16. Susquehanna maintained the shares of CNI in report on Tuesday, April 24 with “Hold” rating. The rating was maintained by Susquehanna on Tuesday, January 23 with “Hold”.

The stock increased 0.95% or $0.79 during the last trading session, reaching $83.97. About 1.56M 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 earnings per share, up 2.00 % or $0.02 from last year’s $1 per share. CNI’s profit will be $746.13M for 20.58 P/E if the $1.02 EPS becomes a reality. After $0.79 actual earnings per share 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: “Goldman Sachs Upgrades CSX, Downgrades Canadian National In Second Look At Rail Stocks” on May 14, 2018, also Nasdaq.com with their article: “Duos Technologies Reports First Quarter 2018 Results and Introduces Revenue Guidance for Full Year 2018 of $9.3 …” published on May 16, 2018, Globenewswire.com published: “CN announces election of directors” on April 24, 2018. More interesting news about Canadian National Railway Company (NYSE:CNI) were released by: Seekingalpha.com and their article: “Canadian National Railway (CNI) Investor Presentation – Slideshow” published on April 25, 2018 as well as Globenewswire.com‘s news article titled: “Ghislain Houle, CN executive vice-president and chief financial officer, to address the Wolfe Research Transportation …” with publication date: May 17, 2018.

Canadian National Railway Company (NYSE:CNI) Ratings Chart

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