Canadian National Railway Given New $105.00 Price Target at Canaccord Genuity (CNI)
Investment analysts at Canaccord Genuity upped their target price on shares of Canadian National Railway (NYSE:CNI) from $104.00 to $105.00 in a note issued to investors on Friday, Analyst Ratings Net reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s target price suggests a potential downside of 0.72% from the stock’s previous close.
Canadian National Railway (NYSE:CNI) traded up 0.08% on Friday, hitting $105.76. The stock had a trading volume of 311,626 shares. Canadian National Railway has a 52 week low of $83.83 and a 52 week high of $105.96. The stock’s 50-day moving average is $99.53 and its 200-day moving average is $99.00. The company has a market cap of $44.493 billion and a price-to-earnings ratio of 17.52.
Canadian National Railway (NYSE:CNI) last posted its quarterly 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 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. Analysts expect that Canadian National Railway will post $6.10 EPS for the current fiscal year.
A number of other firms have also recently commented on CNI. 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. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $106.14.
Canadian National Railway Company (NYSE:CNI) is engaged in the rail and related transportation business.
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