In a report released yesterday, Veritas Investment from Veritas Investment Research reiterated a Sell rating on Canadian National Railway (CNI – Research Report). The company’s shares closed last Wednesday at $118.79.
The word on The Street in general, suggests a Hold analyst consensus rating for Canadian National Railway with a $132.01 average price target.
Canadian National Railway’s market cap is currently $83.2B and has a P/E ratio of 21.58.
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.
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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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