Canadian National Railway Upgraded to “Buy” by Desjardins (CNI)
Canadian National Railway (NYSE:CNI) was upgraded by analysts at Desjardins from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports.
Canadian National Railway (NYSE:CNI) traded up 1.75% on Wednesday, hitting $108.59. The stock had a trading volume of 271,464 shares. Canadian National Railway has a 52 week low of $83.83 and a 52 week high of $104.43. The stock has a 50-day moving average of $97.49 and a 200-day moving average of $98.63. The company has a market cap of $45.684 billion and a price-to-earnings ratio of 17.70.
Canadian National Railway (NYSE:CNI) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.63 by $0.09. The company had revenue of $2.70 billion for the quarter. During the same quarter in the previous year, the company posted $1.52 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Analysts expect that Canadian National Railway will post $6.10 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Raymond James downgraded shares of Canadian National Railway from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, October 16th. Separately, 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. Finally, 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. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Canadian National Railway has an average rating of “Hold” and an average price target of $106.14.
Canadian National Railway Company (NYSE:CNI) is engaged in the rail and related transportation business.
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