Canadian National Railway (USA) (NYSE:CNI) has been downgraded to Market Perform in a statement by Raymond James Financial Inc. earlier today.
- Updated: October 17, 2016
Raymond James Financial Inc. has downgraded Canadian National Railway (USA) (NYSE:CNI) to Market Perform in a statement released on 10/17/2016.
Boasting a price of $66.05, Canadian National Railway (USA) (NYSE:CNI) traded -0.32% lower on the day. With the last stock price close up 6.47% 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 (USA) has recorded a 50-day average of $64.69 and a two hundred day average of $62.09. Volume of trade was down over the average, with 227,909 shares of CNI changing hands under the typical 889,817
With a total market value of $0, Canadian National Railway (USA) has price-earnings ratio of 19.26 with a one year low of $46.23 and a one year high of $67.66 .
A total of 21 equity analysts have released a ratings update on CNI. zero equity analysts rating the company a strong buy, three equity analysts rating the company a buy, twenty equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $61.61.
Brief Synopsis About Canadian National Railway (USA) (NYSE:CNI)
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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