Canadian National Railway (CNI) Receives a Buy from Wells Fargo

In a report released yesterday, Christian Wetherbee from Wells Fargo maintained a Buy rating on Canadian National Railway, with a price target of $110.00. The company’s shares opened today at $96.91.

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According to TipRanks, Wetherbee is a 5-star analyst with an average return of 12.5% and a 60.51% success rate. Wetherbee covers the Industrials sector, focusing on stocks such as Knight Transportation, Canadian National Railway, and CSX.

Canadian National Railway has an analyst consensus of Moderate Buy, with a price target consensus of $110.06, representing a 13.57% upside. In a report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a C$180.00 price target.

Based on Canadian National Railway’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.27 billion and a net profit of $1.17 billion. In comparison, last year the company earned a revenue of $4.33 billion and had a net profit of $1.11 billion

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CNI in relation to earlier this year.