Canadian National Railway Hits New 52-Week High at $66.25 (CNI)
Canadian National Railway (NYSE:CNI) shares hit a new 52-week high during trading on Wednesday , Stock Ratings Network.com reports. The stock traded as high as $66.25 and last traded at $66.24, with a volume of 497,234 shares. The stock had previously closed at $65.32.
A number of research firms have recently commented on CNI. Analysts at Barclays reiterated an “overweight” rating on shares of Canadian National Railway in a research note on Monday, June 30th. They now have a $72.00 price target on the stock, up previously from $60.00. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Canadian National Railway in a research note on Friday, June 27th. They now have a $66.00 price target on the stock, up previously from $60.00. Finally, 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. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Canadian National Railway presently has a consensus rating of “Hold” and a consensus price target of $61.00.
The stock has a 50-day moving average of $62.48 and a 200-day moving average of $57.67. The company has a market cap of $54.571 billion and a P/E ratio of 21.80.
Canadian National Railway (NYSE:CNI) last posted its quarterly 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 $3.53 earnings per share for the current fiscal year.
Canadian National Railway Company (NYSE:CNI) is engaged in the rail and related transportation business.
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