City National Corp. Given New $68.00 Price Target at Keefe, Bruyette & Woods (CYN)
Equities research analysts at Keefe, Bruyette & Woods hoisted their target price on shares of City National Corp. (NYSE:CYN) from $65.00 to $68.00 in a research note issued to investors on Friday, Analyst Ratings Network.com reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target suggests a potential downside of 6.18% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets raised their price target on shares of City National Corp. from $70.00 to $74.00 in a research note to investors on Friday. They now have a “market perform” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of City National Corp. from $72.00 to $75.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Finally, analysts at Barclays raised their price target on shares of City National Corp. from $72.00 to $77.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. City National Corp. has a consensus rating of “Hold” and an average target price of $70.47.
Shares of City National Corp. (NYSE:CYN) traded up 4.36% on Friday, hitting $72.48. The stock had a trading volume of 740,807 shares. 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 $3.898 billion and a price-to-earnings ratio of 17.80.
City National Corp. (NYSE:CYN) last posted its quarterly earnings results 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 in the previous year, the company posted $1.10 earnings per share. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, analysts predict that City National Corp. will post $3.95 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Monday, November 4th.
City National Corporation (NYSE:CYN) is a bank holding company and a financial holding company.
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