Canadian National Railway Price Target Increased to $113.00 by Analysts at TD Securities (CNI)
Investment analysts at TD Securities hoisted their price objective on shares of Canadian National Railway (NYSE:CNI) from $110.00 to $113.00 in a note issued to investors on Wednesday, Stock Ratings News reports. TD Securities’ price objective would indicate a potential upside of 2.52% from the stock’s previous close.
Shares of Canadian National Railway (NYSE:CNI) opened at 110.22 on Wednesday. Canadian National Railway has a 52-week low of $83.83 and a 52-week high of $104.43. The stock’s 50-day moving average is $97.49 and its 200-day moving average is $98.63. The company has a market cap of $46.370 billion and a price-to-earnings ratio of 18.36.
Canadian National Railway (NYSE:CNI) last released its earnings data on Tuesday, October 22nd. The company reported $1.72 earnings per share (EPS) for the quarter, beating the 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. On average, analysts predict that Canadian National Railway will post $6.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 31st. Stockholders of record on Monday, December 10th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Thursday, December 6th.
A number of other analysts have also recently weighed in on CNI. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of Canadian National Railway in a research note to investors on Wednesday. They now have a $120.00 price target on the stock, up previously from $113.00. Separately, analysts at Raymond James raised their price target on shares of Canadian National Railway from $115.00 to $118.00 in a research note to investors on Wednesday. Finally, analysts at National Bank Financial raised their price target on shares of Canadian National Railway from $104.00 to $114.00 in a research note to investors on Wednesday. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $108.79.
Canadian National Railway Company (NYSE:CNI) is engaged in the rail and related transportation business.
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