Barclays Sticks to Their Hold Rating for Canadian National Railway

By Austin Angelo

The Services sector company, Canadian National Railway (TSX: CNR), has received a rating update from a Wall Street analyst on May 17. Analyst Brandon Oglenski from Barclays reiterated a Hold rating, with a C$110 price target on May 17.

According to TipRanks.com, Oglenski is a 4-star analyst with an average return of 7.0% and a 60.5% success rate. Oglenski covers the Services sector, focusing on stocks such as Allegiant Travel Company, Diana Containerships Inc, and Expeditors International.

Currently, the analyst consensus on Canadian National Railway is Moderate Buy and the average price target is C$107.57, representing a 6.3% upside.

In a report issued on May 2, TD Securities also reiterated a Hold rating on the stock with a C$105 price target.

Canadian National Railway’s market cap is currently C$76.66B and has a P/E ratio of 20.6.

Canadian National Railway Co. is engaged in the rail and related transportation business. The company offers integrated transportation services: rail, intermodal, trucking, freight forwarding, warehousing, and distribution. 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. The company operates in three geographic regions: Western, Eastern and Southern. Canadian National Railway was founded on June 6, 1919 and is headquartered in Montreal, Canada.

The company’s shares closed last Friday at $101.24, close to its 52-week high of $104.05.