A statement released earlier today by TD Securities about Canadian National Railway (TSE:CNR) bumps the target price to $90.00
- Updated: October 7, 2016
TD Securities bumped up the target of Canadian National Railway (TSE:CNR) to $90.00 stating a potential upside of 0.02%.
On Friday September 30, 2016, Scotia Capital released a statement for Canadian National Railway (TSE:CNR) bumped up the target price from $0.00 to $87.00 that suggested an upside of 0.01%.
Boasting a price of $88.18, Canadian National Railway (TSE:CNR) traded -0.09% lower on the day. With the last stock price close up 10.10% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Canadian National Railway has recorded a 50-day average of $84.19 and a two hundred day average of $80.31. Volume of trade was down over the average, with 892,275 shares of CNR changing hands under the typical 1,193,340
Canadian National Railway has PE ratio of 19.49 with a one year low of $66.62 and a one year high of $88.91 and has a market capitalization of $0.
A total of 17 brokerages have issued a ratings update on Canadian National Railway. zero brokerages rating the company a strong buy, three brokerages rating the company a buy, fifteen brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally one brokerage rating the company a sell with a 12-month price target of $61.78.
General Company Details For Canadian National Railway (TSE:CNR)
Canadian National Railway Co is engaged in the rail and related transportation business. The Company's network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico. The Company's freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive. The petroleum and chemicals commodity group comprises various commodities, including chemicals and plastics, refined petroleum products, natural gas liquids, crude oil and sulfur. The metals and minerals commodity group consists primarily of materials related to oil and gas development, steel, iron ore, non-ferrous base metals and ores, construction materials and machinery, and dimensional loads. The forest products commodity group includes various types of lumber, panels, paper, wood pulp and other fibers.
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