City National Corp. (CYN) to Release Earnings on Thursday
City National Corp. (NYSE:CYN) will issue its quarterly earnings data on Thursday, January 23rd. Parties interested in listening to the company’s conference call can do so using this link.
City National Corp. (NYSE:CYN) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the 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. On average, analysts expect City National Corp. to post $4.10 EPS for the current fiscal year and $4.12 EPS for the next fiscal year.
City National Corp. (NYSE:CYN) opened at 79.03 on Wednesday. City National Corp. has a one year low of $49.68 and a one year high of $79.72. The stock’s 50-day moving average is $77.79 and its 200-day moving average is $71.47. The company has a market cap of $4.261 billion and a price-to-earnings ratio of 19.94.
A number of analysts have recently weighed in on CYN shares. Analysts at Bank of America Corp. upgraded shares of City National Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, January 9th. They now have a $80.00 price target on the stock, up previously from $52.00. They noted that the move was a valuation call. On a related note, analysts at Barclays downgraded shares of City National Corp. from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday, January 6th. They now have a $82.00 price target on the stock, up previously from $77.00. Finally, 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. Twelve investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $72.00.
City National Corporation (NYSE:CYN) is a bank holding company and a financial holding company.
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