Canadian National Railway Reaches New 1-Year High at $72.46 (CNI)
Canadian National Railway (NYSE:CNI) shares reached a new 52-week high during mid-day trading on Tuesday , American Banking News reports. The stock traded as high as $72.46 and last traded at $71.92, with a volume of 355,420 shares. The stock had previously closed at $71.86.
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, 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 assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $67.27.
The stock’s 50-day moving average is $67.97 and its 200-day moving average is $61.13. The company has a market cap of $59.170 billion and a P/E ratio of 23.16.
Canadian National Railway (NYSE:CNI) last announced its earnings results on Monday, July 21st. The company reported $1.03 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.66 earnings per share. Canadian National Railway’s revenue was up 16.9% compared to the same quarter last year. Analysts expect that Canadian National Railway will post $3.62 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders 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 1.30%. 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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