City National Corp Earns A- Credit Rating (CYN)
City National Corp (NYSE:CYN) has received an “A-” credit rating from analysts at Morningstar. The agency’s “A-” rating suggests that the company is a low default risk. They also issued a negative credit outlook for the company and gave their stock a two star rating.
A number of other firms have also recently commented on CYN. Analysts at SunTrust reiterated a “neutral” rating on shares of City National Corp in a research note on Thursday, July 31st. 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, July 31st. 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, July 28th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $78.25.
Shares of City National Corp (NYSE:CYN) opened at 76.42 on Friday. City National Corp has a 1-year low of $64.43 and a 1-year high of $81.34. The stock’s 50-day moving average is $74.5 and its 200-day moving average is $74.70. The company has a market cap of $4.170 billion and a P/E ratio of 18.82.
City National Corp (NYSE:CYN) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.13. During the same quarter in the previous year, the company posted $1.04 earnings per share. Analysts expect that City National Corp will post $4.16 EPS for the current fiscal year.
City National Corporation (NYSE:CYN) is a bank holding company and a financial holding company.
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