Canadian National Railway PT Lowered to $110.00 (CNI)
Research analysts at CIBC dropped their price objective on shares of Canadian National Railway (NYSE:CNI) from $113.00 to $110.00 in a report released on Monday, ARN reports. The firm currently has a “sector perform” rating on the stock. CIBC’s price objective would indicate a potential upside of 5.99% from the company’s current price.
Canadian National Railway (NYSE:CNI) traded up 0.77% during mid-day trading on Monday, hitting $103.78. The stock had a trading volume of 494,556 shares. Canadian National Railway has a one year low of $83.83 and a one year high of $104.43. The stock’s 50-day moving average is $98.40 and its 200-day moving average is $98.75. The company has a market cap of $43.660 billion and a P/E ratio of 17.08.
Canadian National Railway (NYSE:CNI) last issued its quarterly earnings data on Monday, July 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, beating the 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. Analysts expect that Canadian National Railway will post $6.09 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on CNI. Analysts at RBC Capital upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note to investors on Monday. They now have a $120.00 price target on the stock, up previously from $99.00. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Canadian National Railway from $107.00 to $116.00 in a research note to investors on Wednesday, October 2nd. They now have a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $106.00.
Canadian National Railway Company (NYSE:CNI) is engaged in the rail and related transportation business.
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