Canadian Railway (CNI) Received its Third Buy in a Row

After TD Securities and Cowen & Co. gave Canadian Railway (NYSE: CNI) a Buy rating last month, the company received another Buy, this time from Citigroup. Analyst Christian Wetherbee reiterated a Buy rating on Canadian Railway today and set a price target of $100.00. The company’s shares closed last Monday at $88.68.

According to, Wetherbee is a 4-star analyst with an average return of 8.8% and a 59.7% success rate. Wetherbee covers the Services sector, focusing on stocks such as Navios Maritime Acquisition, Navios Maritime Partners, and Kansas City Southern.

Canadian Railway has an analyst consensus of Moderate Buy, with a price target consensus of $96.10, implying a 7.0% upside from current levels. In a report issued on November 26, TD Securities also maintained a Buy rating on the stock with a C$140.00 price target.

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Canadian Railway’s market cap is currently $63.1B and has a P/E ratio of 18.88. The company has a Price to Book ratio of 4.52.

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Canadian National Railway Co. is engages in rail and related transportation business. The company’s services include integrated transportation services: rail, intermodal, trucking, and supply chain services It offers movement of a diversified and balanced portfolio of goods including petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal and automotive. Canadian National Railway was founded on June 6, 1919 and is headquartered in Montreal, Canada.