Susquehanna Increases Canadian National Railway Price Target to $58.00 (CNI)
Equities researchers at Susquehanna raised their price objective on shares of Canadian National Railway (NYSE:CNI) from $55.00 to $58.00 in a research report issued on Friday, Analyst RN reports. Susquehanna’s price target would indicate a potential upside of 8.41% from the company’s current price.
A number of other firms have also recently commented on CNI. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of Canadian National Railway in a research note to investors on Thursday, January 9th. Separately, analysts at CIBC reiterated a “sector perform” rating on shares of Canadian National Railway in a research note to investors on Thursday, January 9th. Finally, 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 assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $100.88.
Canadian National Railway (NYSE:CNI) opened at 53.50 on Friday. Canadian National Railway has a 52-week low of $46.475 and a 52-week high of $58.40. The stock has a 50-day moving average of $54. and a 200-day moving average of $52.63. The company has a market cap of $44.726 billion and a price-to-earnings ratio of 17.17.
Canadian National Railway (NYSE:CNI) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.70 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.79 by $0.09. On average, analysts predict that Canadian National Railway will post $3.54 earnings per share for the current fiscal year.
Canadian National Railway Company (NYSE:CNI) is engaged in the rail and related transportation business.
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