City National Corp. Rating Lowered to Equal Weight at Barclays (CYN)
City National Corp. (NYSE:CYN) was downgraded by Barclays to an “equal weight” rating in a research note issued on Monday, ARN reports. They currently have a $82.00 target price on the stock, up from their previous target price of $77.00. Barclays’ target price would suggest a potential upside of 5.74% from the company’s current price.
City National Corp. (NYSE:CYN) traded down 0.53% on Monday, hitting $77.14. 137,527 shares of the company’s stock traded hands. City National Corp. has a 52 week low of $49.68 and a 52 week high of $79.72. The stock has a 50-day moving average of $77.05 and a 200-day moving average of $70.2. The company has a market cap of $4.159 billion and a P/E ratio of 19.83.
City National Corp. (NYSE:CYN) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.10 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that City National Corp. will post $4.11 EPS for the current fiscal year.
A number of other firms have also recently commented on CYN. Analysts at Deutsche Bank reiterated a “hold” rating on shares of City National Corp. in a research note to investors on Monday, November 18th. They now have a $77.00 price target on the stock, up previously from $75.00. Separately, analysts at Morgan Stanley raised their price target on shares of City National Corp. from $69.00 to $74.00 in a research note to investors on Monday, November 11th. Finally, analysts at SunTrust raised their price target on shares of City National Corp. from $73.00 to $78.00 in a research note to investors on Tuesday, October 29th. They now have a “neutral” rating on the stock. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $71.50.
City National Corporation (NYSE:CYN) is a bank holding company and a financial holding company.
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