City National Corp. Price Target Increased to $77.00 by Analysts at Barclays (CYN)
Barclays hoisted their price target on shares of City National Corp. (NYSE:CYN) from $72.00 to $77.00 in a research note issued on Friday, Analyst Ratings Net reports. The firm currently has an “overweight” rating on the stock. Barclays’ target price suggests a potential upside of 10.87% from the stock’s previous close.
Separately, analysts at DA Davidson reiterated a “neutral” rating on shares of City National Corp. in a research note to investors on Friday. They now have a $75.00 price target on the stock, up previously from $67.00. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. City National Corp. presently has a consensus rating of “Hold” and a consensus target price of $69.47.
Shares of City National Corp. (NYSE:CYN) traded up 4.23% during mid-day trading on Friday, hitting $72.39. 454,784 shares of the company’s stock traded hands. City National Corp. has a 52-week low of $46.83 and a 52-week high of $71.88. The stock has a 50-day moving average of $68.35 and a 200-day moving average of $62.33. The company has a market cap of $3.893 billion and a price-to-earnings ratio of 17.80.
City National Corp. (NYSE:CYN) last released its earnings data on Thursday, October 24th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.10. The company had revenue of $303.00 million for the quarter, compared to the consensus estimate of $303.40 million. During the same quarter last year, the company posted $1.10 earnings per share. City National Corp.’s revenue was down 4.4% compared to the same quarter last year. On average, analysts predict that City National Corp. will post $3.95 earnings per share for the current fiscal year.
City National Corporation (NYSE:CYN) is a bank holding company and a financial holding company.
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