Canadian National Railway Co (CNI): Today's Featured Transportation Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Canadian National Railway ( CNI) pushed the Transportation industry lower today making it today's featured Transportation laggard. The industry as a whole closed the day up 0.7%. By the end of trading, Canadian National Railway fell $1.09 (-1.2%) to $90.35 on average volume. Throughout the day, 639,549 shares of Canadian National Railway exchanged hands as compared to its average daily volume of 543,700 shares. The stock ranged in price between $90.24-$91.58 after having opened the day at $90.98 as compared to the previous trading day's close of $91.44. Other companies within the Transportation industry that declined today were: Paragon Shipping ( PRGN), down 10%, Knightsbridge Tankers ( VLCCF), down 3.2%, Euroseas ( ESEA), down 3.1%, and International Shipholding Corporation ( ISH), down 2.7%.
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Canadian National Railway Company, together with its subsidiaries, engages in rail and related transportation business in North America. Canadian National Railway has a market cap of $39.4 billion and is part of the services sector. The company has a P/E ratio of 14.9, below the S&P 500 P/E ratio of 17.7. Shares are up 16.2% year to date as of the close of trading on Thursday. Currently there are three analysts that rate Canadian National Railway a buy, two analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates Canadian National Railway as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, good cash flow from operations and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the transportation industry could consider iShares Dow Jones Transportation ( IYT) while those bearish on the transportation industry could consider ProShares UltraShort Industrials ( SIJ).

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