Canadian National Railway (CNI) Gets a Hold Rating from Wells Fargo

Wells Fargo analyst Allison Poliniak maintained a Hold rating on Canadian National Railway (CNIResearch Report) today and set a price target of $130.00. The company’s shares closed last Monday at $122.54.

According to TipRanks.com, Poliniak is a 5-star analyst with an average return of 19.5% and a 74.3% success rate. Poliniak covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Expeditors International, and Knight Transportation.

The word on The Street in general, suggests a Hold analyst consensus rating for Canadian National Railway with a $130.00 average price target, implying a 5.7% upside from current levels. In a report issued on January 4, Stephens also maintained a Hold rating on the stock with a C$132.00 price target.

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Based on Canadian National Railway’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.59 billion and net profit of $1.69 billion. In comparison, last year the company earned revenue of $3.41 billion and had a net profit of $985 million.

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 1919, Canadian National Railway Co. is a Canada-based company which is engaged in rail and related transportation business. Its services include rail, intermodal, trucking, supply chain services, business development, and maps and network. The company offers its services in industries including automotive; coal; fertilizer; food and beverages; forest products; dimensional loads; grain; metals and minerals; and petroleum and chemicals.

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