Canadian National Railway Given Sector Perform Rating at CIBC (CNI)
Canadian National Railway (NYSE:CNI)‘s stock had its “sector perform” rating reaffirmed by CIBC in a research note issued on Thursday, Stock Ratings News reports.
Several other analysts have also recently commented on the stock. Analysts at Salman Partners downgraded shares of Canadian National Railway to a “hold” rating in a research note to investors on Thursday, December 12th. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Canadian National Railway in a research note to investors on Wednesday, December 11th. Finally, analysts at Raymond James upgraded shares of Canadian National Railway to an “outperform” rating in a research note to investors on Tuesday, December 10th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $103.73.
Shares of Canadian National Railway (NYSE:CNI) traded down 0.48% during mid-day trading on Thursday, hitting $53.99. 1,574,447 shares of the company’s stock traded hands. Canadian National Railway has a 52 week low of $46.335 and a 52 week high of $58.40. The stock’s 50-day moving average is $56.06 and its 200-day moving average is $52.15. The company has a market cap of $45.136 billion and a price-to-earnings ratio of 17.55.
Canadian National Railway (NYSE:CNI) last announced its earnings results 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. Analysts expect that Canadian National Railway will post $3.11 EPS for the current fiscal year.
Canadian National Railway Company (NYSE:CNI) is engaged in the rail and related transportation business.
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