City National Corp. Given Consensus Recommendation of “Hold” by Analysts (NYSE:CYN)
City National Corp. (NYSE:CYN) has earned an average recommendation of “Hold” from the twelve ratings firms that are currently covering the company, Analyst Ratings Net reports. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $77.83.
Several analysts have recently commented on the stock. Analysts at Raymond James raised their price target on shares of City National Corp. from $81.00 to $83.00 in a research note on Monday. They now have an “outperform” rating on the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of City National Corp. in a research note on Friday. They now have a $79.00 price target on the stock, up previously from $78.00.
Shares of City National Corp. (NYSE:CYN) traded down 0.63% on Monday, hitting $76.345. 181,961 shares of the company’s stock traded hands. City National Corp. has a 52 week low of $64.20 and a 52 week high of $81.34. The stock’s 50-day moving average is $75.37 and its 200-day moving average is $74.68. The company has a market cap of $4.166 billion and a P/E ratio of 18.91.
City National Corp. (NYSE:CYN) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.98 by $0.13. During the same quarter in the prior year, the company posted $1.04 earnings per share. On average, analysts predict that City National Corp. will post $4.04 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, August 20th. Shareholders of record on Wednesday, August 6th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.72%.
City National Corporation (NYSE:CYN) is a bank holding company and a financial holding company.
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