Canadian National Railway Stock Rating Reaffirmed by Barclays (CNI)
Canadian National Railway (NYSE:CNI)‘s stock had its “overweight” rating restated by research analysts at Barclays in a report released on Monday. They currently have a $72.00 price target on the stock. Barclays’ price objective would indicate a potential upside of 11.94% from the stock’s previous close.
Canadian National Railway (NYSE:CNI) traded up 1.57% on Monday, hitting $65.33. The stock had a trading volume of 255,789 shares. Canadian National Railway has a 52 week low of $46.71 and a 52 week high of $64.54. The stock’s 50-day moving average is $61.22 and its 200-day moving average is $57.12. The company has a market cap of $53.773 billion and a price-to-earnings ratio of 21.55.
Canadian National Railway (NYSE:CNI) last announced its earnings results on Tuesday, April 22nd. The company reported $0.66 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.22 earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, analysts predict that Canadian National Railway will post $3.51 earnings per share for the current fiscal year.
A number of other firms have also recently commented on CNI. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Canadian National Railway in a research note on Friday. They now have a $66.00 price target on the stock, up previously from $60.00. Separately, analysts at RBC Capital raised their price target on shares of Canadian National Railway from $76.00 to $78.00 in a research note on Monday, June 16th. They now have an “outperform” rating on the stock. Finally, 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. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $61.00.
Canadian National Railway Company (NYSE:CNI) is engaged in the rail and related transportation business.
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