Scotiabank Reiterates Sector Outperform Rating for Canadian National Railway (CNI)
Canadian National Railway (NYSE:CNI)‘s stock had its “sector outperform” rating reiterated by equities researchers at Scotiabank in a research report issued on Wednesday, Stock Ratings Network reports. They currently have a $120.00 target price on the stock, up from their previous target price of $113.00. Scotiabank’s price objective indicates a potential upside of 8.87% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at Cowen and Company raised their price target on shares of Canadian National Railway from $101.00 to $110.00 in a research note to investors on Wednesday. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Canadian National Railway currently has a consensus rating of “Hold” and an average price target of $108.79.
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 announced its earnings results 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 last year, the company posted $1.52 earnings per share. Canadian National Railway’s revenue was up 8.0% compared to the same quarter last year. Analysts expect that Canadian National Railway will post $6.19 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 31st. Shareholders 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.
Canadian National Railway Company (NYSE:CNI) is engaged in the rail and related transportation business.
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