Canadian Railway (CNI) Receives a Hold from Wells Fargo

Wells Fargo analyst Allison Poliniak maintained a Hold rating on Canadian Railway (CNIResearch Report) yesterday. The company’s shares closed last Tuesday at $95.61, close to its 52-week high of $96.53.

According to TipRanks.com, Poliniak is a 4-star analyst with an average return of 6.5% and a 64.1% success rate. Poliniak covers the Services sector, focusing on stocks such as Kansas City Southern, Canadian Pacific, and Norfolk Southern.

Currently, the analyst consensus on Canadian Railway is a Moderate Buy with an average price target of $91.55, a -5.2% downside from current levels. In a report issued on July 20, Desjardins also maintained a Hold rating on the stock with a C$131.00 price target.

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Based on Canadian Railway’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.55 billion and net profit of $1.01 billion. In comparison, last year the company earned revenue of $3.54 billion and had a net profit of $786 million.

Based on the recent corporate insider activity of 51 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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Canadian National Railway Co. engages in rail and related transportation business. Its services include rail, intermodal, trucking, supply chain services, business development, and maps and network. The firm offers their services in automotive; coal; fertilizer; food and beverages; forest products; dimensional loads; grain; metals and minerals; and petroleum and chemicals industries. The company was founded on June 6, 1919 and is headquartered in Montreal, Canada.