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Canadian National Railway Company (CNI) [hlAlert]

Rating:
Underweight
CNI
down 30.09 %

Canadian National Railway Company (CNI) rated Underweight with price target $81 by Barclays Capital

Posted on: Wednesday,  Mar 7, 2012  2:25 PM ET by Barclays Capital

Barclays Capital rated Underweight Canadian National Railway Company (NYSE: CNI) on 03/07/2012. Previously Barclays Capital rated Underweight Canadian National Railway Company (NYSE: CNI)
on 12/06/2011., when the stock price was $38.82. Since then, Canadian National Railway Company has gained 43.04% as of 01/27/2016's recent price of $55.53.
If you would have followed the previous Barclays Capital's recommendation on CNI, you would have lost 30.09% of your investment in 1513 days.

Canadian National Railway Company (CN) is engaged in the rail and related transportation business. CN?s network of approximately 21,000 route miles of track spans Canada and mid-America, connecting three coasts: the Atlantic, the Pacific and the Gulf of Mexico. CN?s freight revenues are derived from the movement of a diversified portfolio of goods, including petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive. During the year ended December 31, 2008, 19% of revenues came from United States domestic traffic, 31% from transborder traffic, 24% from Canadian domestic traffic and 26% from overseas traffic. In November 2008, CN announced the acquisition of the three railway subsidiaries of the Quebec Railway Corp. and a QRC rail-freight ferry operation. In January 2009, it completed its acquisition of the principal lines of the Elgin, Joliet & Eastern Railway Company (EJ&E).

Barclays Capital has assembled a world-class, award-winning team of analysts covering, credit, commodities, economics, emerging markets, equities, fixed income, foreign exchange and market strategy. We provide in-depth analysis of companies and macro coverage across asset classes, markets and the world’s economies. We have a highly quantitative approach and our research is underpinned by sophisticated analytics. Combined, these provide clients with the tools and insights necessary for successful risk management and financing. Our research teams are based in many of the world’s major financial centres providing our clients with a globally integrated perspective across products and geographies.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/7/2012 2:25 PM Sell
None
37.42 40.50
as of 12/31/2012
1 Week up  0.26 %
1 Month down  -1.31 %
3 Months down  -3.15 %
1 YTD down  -15.84 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/6/2011 1:25 PM Sell
None
38.82 39.00

(*) Stock Price at the time of the recommendation.
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