Canadian National Railway Sets New 1-Year High at $69.96 (CNI)
Shares of Canadian National Railway (NYSE:CNI) reached a new 52-week high on Thursday , AnalystRatingsNetwork reports. The stock traded as high as $69.96 and last traded at $69.80, with a volume of 371,324 shares trading hands. The stock had previously closed at $69.48.
A number of research firms have recently commented on CNI. Analysts at Zacks reiterated a “neutral” rating on shares of Canadian National Railway in a research note on Thursday, August 14th. 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. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Canadian National Railway presently has an average rating of “Hold” and a consensus price target of $67.27.
The stock’s 50-day moving average is $67.07 and its 200-day moving average is $60.35. The company has a market cap of $56.715 billion and a price-to-earnings ratio of 22.49.
Canadian National Railway (NYSE:CNI) last posted its quarterly earnings results 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 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. On average, analysts predict that Canadian National Railway will post $3.61 earnings per share 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 1.34%. 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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