Canadian National Railway Stock Rating Lowered by BMO Capital Markets (CNI)
Canadian National Railway (NYSE:CNI) was downgraded by stock analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report issued on Thursday, TheFlyOnTheWall.com reports. They currently have a $68.00 price target on the stock. BMO Capital Markets’ target price suggests a potential upside of 17.81% from the stock’s previous close. The analysts noted that the move was a valuation call.
A number of other firms have also recently commented on CNI. Analysts at RBC Capital reiterated an “outperform” rating on shares of Canadian National Railway in a research note on Wednesday. They now have a $66.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Canadian National Railway in a research note on Wednesday. They now have a $60.00 price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Canadian National Railway in a research note on Wednesday. They now have a $59.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $83.22.
Shares of Canadian National Railway (NYSE:CNI) traded up 0.05% on Thursday, hitting $57.75. 354,817 shares of the company’s stock traded hands. Canadian National Railway has a 1-year low of $46.475 and a 1-year high of $59.11. The stock’s 50-day moving average is $56.10 and its 200-day moving average is $55.28. The company has a market cap of $47.817 billion and a price-to-earnings ratio of 19.93.
Canadian National Railway (NYSE:CNI) last announced its earnings results on Tuesday, April 22nd. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.62 by $0.04. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter last year, the company posted $1.22 earnings per share. Canadian National Railway’s revenue was up 9.2% compared to the same quarter last year. On average, analysts predict that Canadian National Railway will post $3.47 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Monday, June 9th will be paid a dividend of $0.2272 per share. This represents a $0.91 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Thursday, June 5th.
Canadian National Railway Company (NYSE:CNI) is engaged in the rail and related transportation business.
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