Credit Suisse Keeps a Hold Rating on Canadian Railway

By Jason Carr

Credit Suisse analyst Allison Landry maintained a Hold rating on Canadian Railway (NYSE: CNI) on July 12 and set a price target of $85. The company’s shares closed yesterday at $85.81, close to its 52-week high of $86.29.

According to TipRanks.com, Landry is a 5-star analyst with an average return of 13.0% and a 68.3% success rate. Landry covers the Services sector, focusing on stocks such as Kansas City Southern, Old Dominion Freight, and Landstar System Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canadian Railway with a $88.38 average price target, implying a 3.0% upside from current levels. In a report released yesterday, Loop Capital Markets also maintained a Hold rating on the stock.

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The company has a one-year high of $86.29 and a one-year low of $70.59. Currently, Canadian Railway has an average volume of 1.09M.

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Canadian National Railway Co. is engages in rail and related transportation business. The company’s services include integrated transportation services: rail, intermodal, trucking, and supply chain services 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. Canadian National Railway was founded on June 6, 1919 and is headquartered in Montreal, Canada.