Cowen & Co. Keeps a Buy Rating on Canadian Railway (CNI)

By Jason Carr

Cowen & Co. analyst Jason Seidl maintained a Buy rating on Canadian Railway (CNIResearch Report) today and set a price target of $98.00. The company’s shares closed last Monday at $88.98.

According to TipRanks.com, Seidl is a 5-star analyst with an average return of 13.9% and a 68.2% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.

Currently, the analyst consensus on Canadian Railway is a Moderate Buy with an average price target of $96.56, implying a 7.9% upside from current levels. In a report issued on November 26, TD Securities also maintained a Buy rating on the stock with a C$140.00 price target.

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The company has a one-year high of $96.49 and a one-year low of $70.36. Currently, Canadian Railway has an average volume of 891K.

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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.