Canadian National Railway Price Target Raised to $76.00 at EuroPacific Canada (CNI)
Equities researchers at EuroPacific Canada boosted their price objective on shares of Canadian National Railway (NYSE:CNI) to $76.00 in a research report issued on Tuesday. The firm currently has a “buy” rating on the stock. EuroPacific Canada’s price objective indicates a potential upside of 11.80% from the stock’s previous close.
Shares of Canadian National Railway (NYSE:CNI) traded up 2.25% on Tuesday, hitting $69.51. The stock had a trading volume of 566,408 shares. Canadian National Railway has a 1-year low of $46.71 and a 1-year high of $68.39. The stock’s 50-day moving average is $63.99 and its 200-day moving average is $58.21. The company has a market cap of $57.214 billion and a P/E ratio of 22.92.
Canadian National Railway (NYSE:CNI) last issued its quarterly earnings data on Monday, July 21st. The company reported $1.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.99 by $0.04. The company had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter in the prior year, the company posted $1.66 earnings per share. The company’s quarterly revenue was up 16.9% on a year-over-year basis. On average, analysts predict that Canadian National Railway will post $3.54 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on CNI. Analysts at Eurobank EFG upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Tuesday. They now have a $76.00 price target on the stock, up previously from $63.00. Separately, analysts at Cowen and Company raised their price target on shares of Canadian National Railway from $65.00 to $69.00 in a research note on Tuesday. They now have a “market perform” rating on the stock. Finally, analysts at FirstEnergy Capital raised their price target on shares of Canadian National Railway to $70.00 in a research note on Monday, July 14th. They now have a “market perform” rating on the stock. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $64.82.
Canadian National Railway Company (NYSE:CNI) is engaged in the rail and related transportation business.
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