Canadian National Railway Rating Reiterated by CIBC (CNI)
Canadian National Railway (NYSE:CNI)‘s stock had its “sector perform” rating reaffirmed by equities research analysts at CIBC in a research note issued to investors on Wednesday, American Banking News.com reports. They currently have a $110.00 price objective on the stock. CIBC’s price target suggests a potential downside of 0.20% from the stock’s previous close.
Canadian National Railway (NYSE:CNI) opened at 110.22 on Wednesday. Canadian National Railway has a 1-year low of $83.83 and a 1-year 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 $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 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.52 earnings per share. The company’s quarterly revenue 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 declared a quarterly dividend, which is scheduled for Tuesday, December 31st. Stockholders of record on Monday, December 10th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, December 6th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity raised their price target on shares of Canadian National Railway from $105.00 to $109.00 in a research note to investors on Wednesday. Separately, analysts at BMO Capital Markets raised their price target on shares of Canadian National Railway from $119.00 to $120.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital reiterated an “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, down previously from $123.00. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $108.79.
Canadian National Railway Company (NYSE:CNI) is engaged in the rail and related transportation business.
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