Sanford C. Bernstein Increases Canadian National Railway Price Target to $116.00 (CNI)
Stock analysts at Sanford C. Bernstein increased their target price on shares of Canadian National Railway (NYSE:CNI) from $107.00 to $116.00 in a report issued on Wednesday, StockRatingsNetwork reports. The firm currently has a “market perform” rating on the stock. Sanford C. Bernstein’s price target points to a potential upside of 11.96% from the company’s current price.
Shares of Canadian National Railway (NYSE:CNI) traded up 0.91% on Wednesday, hitting $103.61. The stock had a trading volume of 475,297 shares. Canadian National Railway has a one year low of $83.83 and a one year 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 earnings per share for the quarter, beating the analysts’ 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 previous year, the company posted $1.50 earnings per share. The company’s revenue for the quarter 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 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. Separately, 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. Finally, analysts at Credit Suisse upgraded shares of Canadian National Railway (NYSE:CNI) to an “outperform” rating in a research note to investors on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $103.47.
Canadian National Railway Company (NYSE:CNI) is engaged in the rail and related transportation business.
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