Canadian National Railway Receives “Sector Outperform” Rating from Scotiabank (CNI)
Canadian National Railway (NYSE:CNI)‘s stock had its “sector outperform” rating restated by Scotiabank in a research note issued on Thursday, Stock Ratings Network.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at CIBC reiterated a “sector perform” rating on shares of Canadian National Railway in a research note to investors on Thursday. Separately, analysts at Salman Partners downgraded shares of Canadian National Railway to a “hold” rating in a research note to investors on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Canadian National Railway presently has an average rating of “Hold” and a consensus target price of $103.73.
Shares of Canadian National Railway (NYSE:CNI) traded down 0.48% 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 issued its quarterly earnings data 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 $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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