Cowen & Co. analyst Jason Seidl maintained a Buy rating on Canadian Railway (CNI – Research Report) on October 9 and set a price target of $110.00. The company’s shares closed last Friday at $111.80, close to its 52-week high of $112.97.
According to TipRanks.com, Seidl is a top 100 analyst with an average return of 19.6% and a 75.7% success rate. Seidl covers the Industrial Goods sector, focusing on stocks such as Covenant Logistics Group, Expeditors International, and Echo Global Logistics.
Canadian Railway has an analyst consensus of Moderate Buy, with a price target consensus of $104.81, which is a -6.1% downside from current levels. In a report issued on September 30, Merrill Lynch also reiterated a Buy rating on the stock with a $117.00 price target.
Based on Canadian Railway’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.21 billion and net profit of $545 million. In comparison, last year the company earned revenue of $3.96 billion and had a net profit of $1.36 billion.
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.
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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.