In a report released yesterday, Jonathan Chappell from Evercore ISI maintained a Hold rating on Canadian National Railway (CNI – Research Report), with a price target of $139.00. The company’s shares closed last Wednesday at $118.79.
According to TipRanks.com, Chappell is a 4-star analyst with an average return of 6.9% and a 50.0% success rate. Chappell covers the Industrial Goods sector, focusing on stocks such as Knight Transportation, Old Dominion Freight, and Schneider National.
Currently, the analyst consensus on Canadian National Railway is a Hold with an average price target of $132.01, an 8.9% upside from current levels. In a report issued on January 21, Raymond James also maintained a Hold rating on the stock with a C$168.00 price target.
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 $3.66 billion and had a net profit of $1.02 billion.
Based on the recent corporate insider activity of 54 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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