Canadian National Railway Company (NYSE: CNI) reiterated to Mkt Perform by Raymond James
Raymond James reiterated Canadian National Railway Company (NYSE: CNI) to Mkt Perform. Previously, Raymond James rated Canadian National
Railway Company (NYSE: CNI) to Mkt Perform on 10/16/2013, when the stock price was valued at $52.29. Since then, Canadian National Railway Company's stock price has gained 18% as of 08/11/2015's recent price of $61.71.
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).
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