Canadian National Railway Receives Average Recommendation of “Hold” from Analysts (NYSE:CNI)
Shares of Canadian National Railway (NYSE:CNI) have earned a consensus rating of “Hold” from the twenty ratings firms that are presently covering the stock, Analyst Ratings News reports. Nine equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $67.27.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Canadian National Railway in a research note on Thursday. They now have a $71.00 price target on the stock. Separately, analysts at TD Securities downgraded shares of Canadian National Railway to a “hold” rating in a research note on Friday, August 1st. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Canadian National Railway in a research note on Tuesday, July 22nd.
Canadian National Railway (NYSE:CNI) opened at 68.11 on Tuesday. Canadian National Railway has a 1-year low of $46.71 and a 1-year high of $69.75. The stock has a 50-day moving average of $66.72 and a 200-day moving average of $59.9. The company has a market cap of $55.741 billion and a P/E ratio of 22.12.
Canadian National Railway (NYSE:CNI) last released its earnings data on Monday, July 21st. The company reported $1.03 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.66 earnings per share. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. Analysts expect that Canadian National Railway will post $3.61 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Tuesday, September 9th will be paid a dividend of $0.2327 per share. This represents a $0.93 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Friday, September 5th.
Canadian National Railway Company (NYSE:CNI) is engaged in the rail and related transportation business.
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