City National Corp. Receives Average Recommendation of “Hold” from Brokerages (NYSE:CYN)
Shares of City National Corp. (NYSE:CYN) have received an average recommendation of “Hold” from the twelve brokerages that are covering the company, Stock Ratings Network reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $78.25.
A number of analysts have recently weighed in on CYN shares. Analysts at SunTrust reiterated a “neutral” rating on shares of City National Corp. in a research note on Thursday. They now have a $83.00 price target on the stock, up previously from $79.00. Separately, analysts at Bank of America downgraded shares of City National Corp. from a “neutral” rating to an “underperform” rating in a research note on Thursday. They now have a $80.00 price target on the stock, down previously from $82.00. Finally, 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.
City National Corp. (NYSE:CYN) opened at 75.25 on Monday. City National Corp. has a one year low of $64.20 and a one year high of $81.34. The stock has a 50-day moving average of $75.40 and a 200-day moving average of $74.62. The company has a market cap of $4.106 billion and a P/E ratio of 19.04.
City National Corp. (NYSE:CYN) last announced its earnings results on Thursday, July 24th. The company reported $1.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.98 by $0.13. During the same quarter last year, the company posted $1.04 earnings per share. On average, analysts predict that City National Corp. will post $4.15 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, August 20th. Stockholders 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 1.75%. The ex-dividend date of this dividend is Monday, August 4th.
City National Corporation (NYSE:CYN) is a bank holding company and a financial holding company.
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