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Scotiabank Remains a Buy on Canadian National Railway (CNI)

Tipranks - Tipranks - Fri Apr 10, 5:28PM CDT

In a report released today, Konark Gupta from Scotiabank maintained a Buy rating on Canadian National Railway, with a price target of C$160.00.

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According to TipRanks, Gupta is a 5-star analyst with an average return of 15.3% and a 59.81% success rate. Gupta covers the Industrials sector, focusing on stocks such as Canadian National Railway, Canadian Pacific Kansas City, and Waste Connections.

In addition to Scotiabank, Canadian National Railway also received a Buy from Bank of America Securities’s Ken Hoexter in a report issued today. However, on April 7, J.P. Morgan maintained a Hold rating on Canadian National Railway (NYSE: CNI).

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CNI market cap is currently C$91.12B and has a P/E ratio of 16.73.

Based on the recent corporate insider activity of 31 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.

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