Cowen & Co. Believes Canadian Railway (NYSE: CNI) Won’t Stop Here

By Ryan Adsit

In a report issued on September 22, Jason Seidl from Cowen & Co. reiterated a Buy rating on Canadian Railway (NYSE: CNI), with a price target of $83. The company’s shares closed on Friday at $81.91, close to its 52-week high of $84.48.

According to TipRanks.com, Seidl is a 5-star analyst with an average return of 13.9% and a 72.3% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.

Canadian Railway has an analyst consensus of Moderate Buy, with a price target consensus of $86.

Canadian Railway’s market cap is currently $61.61B and has a P/E ratio of 21.27. The company has a book value ratio of 5.3164.

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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.