TD Cowen Remains a Buy on Canadian National Railway (CNI)
TD Cowen analyst Cherilyn Radbourne maintained a Buy rating on Canadian National Railway on April 10. The company’s shares closed yesterday at C$152.26.
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Radbourne covers the Industrials sector, focusing on stocks such as Canadian National Railway, ATS Corporation, and Canadian Pacific Kansas City. According to TipRanks, Radbourne has an average return of 13.3% and a 66.38% success rate on recommended stocks.
In addition to TD Cowen, Canadian National Railway also received a Buy from Scotiabank’s Konark Gupta in a report issued on April 9. However, on April 7, J.P. Morgan maintained a Hold rating on Canadian National Railway (NYSE: CNI).
Based on Canadian National Railway’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$4.46 billion and a net profit of C$1.25 billion. In comparison, last year the company earned a revenue of C$4.36 billion and had a net profit of C$1.15 billion
Based on the recent corporate insider activity of 32 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.
