Canadian National Railway Lowered to Market Perform at Raymond James (CNI)
Canadian National Railway (NYSE:CNI) was downgraded by equities researchers at Raymond James from an “outperform” rating to a “market perform” rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on CNI. Analysts at Canaccord Genuity raised their price target on shares of Canadian National Railway from $104.00 to $105.00 in a research note to investors on Friday, October 11th. They now have a “hold” rating on the stock. Separately, 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, October 7th. They now have a “sector perform” rating on the stock. Finally, 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, October 7th. They now have a $120.00 price target on the stock, up previously from $99.00. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Canadian National Railway currently has a consensus rating of “Hold” and an average target price of $106.14.
Shares of Canadian National Railway (NYSE:CNI) opened at 105.01 on Wednesday. Canadian National Railway has a 52-week low of $83.83 and a 52-week high of $105.96. The stock has a 50-day moving average of $100.0 and a 200-day moving average of $99.0. The company has a market cap of $44.178 billion and a P/E ratio of 17.41.
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 last year, the company posted $1.50 earnings per share. Canadian National Railway’s revenue was up 4.8% compared to the same quarter last year. On average, analysts predict that Canadian National Railway will post $6.11 earnings per share for the current fiscal year.
Canadian National Railway Company (NYSE:CNI) is engaged in the rail and related transportation business.
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