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Analysts Offer Insights on Industrial Goods Companies: Canadian National Railway (CNI), FedEx (FDX) and Trex Company (TREX)

Tipranks - Tipranks - Fri Apr 10, 8:20AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Canadian National Railway (CNI), FedEx (FDX) and Trex Company (TREX) with bullish sentiments.

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Canadian National Railway (CNI)

Bank of America Securities analyst Ken Hoexter upgraded Canadian National Railway to Buy today and set a price target of $122.00. The company’s shares closed last Wednesday at $107.66.

According to TipRanks.com, Hoexter is a 3-star analyst with an average return of 0.6% and a 48.4% success rate. Hoexter covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Canadian Pacific Kansas City, and Knight Transportation. ;'>

Currently, the analyst consensus on Canadian National Railway is a Moderate Buy with an average price target of $111.40, which is a 3.6% upside from current levels. In a report issued on March 26, RBC Capital also maintained a Buy rating on the stock with a C$160.00 price target.

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FedEx (FDX)

Jefferies analyst Stephanie Moore reiterated a Buy rating on FedEx today and set a price target of $450.00. The company’s shares closed last Wednesday at $373.43.

According to TipRanks.com, Moore is a 5-star analyst with an average return of 15.1% and a 59.2% success rate. Moore covers the Industrial Goods sector, focusing on stocks such as Canadian Pacific Kansas City, Canadian National Railway, and Old Dominion Freight. ;'>

Currently, the analyst consensus on FedEx is a Moderate Buy with an average price target of $404.35, which is an 11.1% upside from current levels. In a report issued on April 2, Argus Research also maintained a Buy rating on the stock with a $400.00 price target.

Trex Company (TREX)

D.A. Davidson analyst Kurt Yinger reiterated a Buy rating on Trex Company today. The company’s shares closed last Wednesday at $37.21.

According to TipRanks.com, Yinger is a 4-star analyst with an average return of 11.8% and a 49.3% success rate. Yinger covers the Industrial Goods sector, focusing on stocks such as Builders Firstsource, Louisiana-Pacific, and Bluelinx Holdings. ;'>

Currently, the analyst consensus on Trex Company is a Moderate Buy with an average price target of $47.91, representing a 28.9% upside. In a report issued on March 29, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $40.00 price target.

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