Canadian National Railway Receives Average Recommendation of “Hold” from Analysts (NYSE:CNI)
Shares of Canadian National Railway (NYSE:CNI) have earned a consensus rating of “Hold” from the twenty-three brokerages that are presently covering the stock, Analyst Ratings Network.com reports. Ten research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $100.88.
Shares of Canadian National Railway (NYSE:CNI) opened at 54.93 on Tuesday. Canadian National Railway has a 52 week low of $46.475 and a 52 week high of $58.40. The stock’s 50-day moving average is $54.44 and its 200-day moving average is $52.8. The company has a market cap of $45.586 billion and a P/E ratio of 17.45.
Canadian National Railway (NYSE:CNI) last issued its quarterly earnings data 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. Analysts expect that Canadian National Railway will post $3.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $0.2242 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Thursday, March 6th.
CNI has been the subject of a number of recent research reports. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of Canadian National Railway in a research note on Monday, February 3rd. Separately, analysts at Susquehanna raised their price target on shares of Canadian National Railway from $55.00 to $58.00 in a research note on Friday, January 31st.
Canadian National Railway Company (NYSE:CNI) is engaged in the rail and related transportation business.
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