Share on StockTwits

Canadian National Railway (NYSE:CNI) shares hit a new 52-week high during mid-day trading on Friday , AnalystRatingsNetwork reports. The company traded as high as $61.37 and last traded at $61.27, with a volume of 399,829 shares traded. The stock had previously closed at $60.77.

A number of research firms have recently commented on CNI. 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. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $81.81.

The stock’s 50-day moving average is $59.03 and its 200-day moving average is $56.35. The company has a market cap of $50.686 billion and a P/E ratio of 20.63.

Canadian National Railway (NYSE:CNI) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.22 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. Analysts expect that Canadian National Railway will post $3.48 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 1.48%. 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.