Canadian National Railway Sets New 1-Year High at $104.46 (CNI)
Canadian National Railway (NYSE:CNI) set a new 52-week high during mid-day trading on Tuesday, StockRatingsNetwork.com reports. The stock traded as high as $104.46 and last traded at $103.26, with a volume of 279,779 shares. The stock had previously closed at $103.78.
CNI has been the subject of a number of recent research reports. Analysts at CIBC cut their price target on shares of Canadian National Railway from $113.00 to $110.00 in a research note to investors on Monday. They now have a “sector perform” rating on the stock. Separately, 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 RBC Capital reiterated a “sector perform” rating on shares of Canadian National Railway in a research note to investors on Wednesday, October 2nd. They now have a $99.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $106.00.
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 $98.55 and its 200-day moving average is $98.81. The company has a market cap of $43.484 billion and a price-to-earnings ratio of 17.21.
Canadian National Railway (NYSE:CNI) last posted its quarterly earnings results 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. On average, analysts predict that Canadian National Railway will post $6.09 earnings per share for the current fiscal year.
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.