Canadian National Railway Stock Rating Reaffirmed by RBC Capital (CNI)
Canadian National Railway (NYSE:CNI)‘s stock had its “sector perform” rating restated by equities researchers at RBC Capital in a research report issued on Wednesday, ARN reports. They currently have a $99.00 price objective on the stock. RBC Capital’s target price suggests a potential downside of 4.45% from the stock’s previous close.
Shares of Canadian National Railway (NYSE:CNI) traded up 0.91% during mid-day trading on Wednesday, hitting $103.61. 475,297 shares of the company’s stock traded hands. Canadian National Railway has a 52 week low of $83.83 and a 52 week high of $104.43. The stock has a 50-day moving average of $98.12 and a 200-day moving average of $98.69. The company has a market cap of $43.589 billion and a price-to-earnings ratio of 17.03.
Canadian National Railway (NYSE:CNI) last announced its earnings results on Monday, July 22nd. The company reported $1.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.62 by $0.04. The company had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the company posted $1.50 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. On average, analysts predict that Canadian National Railway will post $6.09 earnings per share for the current fiscal year.
CNI has been the subject of a number of other recent research reports. Analysts at Sanford C. Bernstein raised their price target on shares of Canadian National Railway (NYSE:CNI) from $107.00 to $116.00 in a research note to investors on Wednesday. They now have a “market perform” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Canadian National Railway (NYSE:CNI) from $115.00 to $119.00 in a research note to investors on Thursday, September 26th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Canadian National Railway (NYSE:CNI) in a research note to investors on Friday, September 6th. They now have a $101.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $103.47.
Canadian National Railway Company (NYSE:CNI) is engaged in the rail and related transportation business.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.