Canadian National Railway Hits New 12-Month High at $60.37 (CNI)
Canadian National Railway (NYSE:CNI) shares hit a new 52-week high during mid-day trading on Tuesday , AnalystRatingsNetwork.com reports. The company traded as high as $60.37 and last traded at $59.97, with a volume of 390,106 shares traded. The stock had previously closed at $59.89.
CNI has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Canadian National Railway from an “underperform” rating to a “neutral” rating in a research note on Wednesday, May 14th. They now have a $62.00 price target on the stock. Separately, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Canadian National Railway in a research note on Thursday, April 24th. Finally, analysts at BMO Capital Markets downgraded shares of Canadian National Railway from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 24th. They now have a $68.00 price target on the stock. They noted that the move was a valuation call. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $81.81.
The stock has a 50-day moving average of $57.74 and a 200-day moving average of $56.07. The company has a market cap of $49.361 billion and a P/E ratio of 20.44.
Canadian National Railway (NYSE:CNI) last issued its quarterly earnings data 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. Analysts expect that Canadian National Railway will post $3.47 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Monday, June 9th will be given a dividend of $0.2272 per share. This represents a $0.91 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Thursday, June 5th.
Canadian National Railway Company (NYSE:CNI) is engaged in the rail and related transportation business.
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