Canadian National Railway (NYSE:CNI) issued an update on its FY13 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.05-3.10 for the period, compared to the Thomson Reuters consensus estimate of $3.10, American Banking News reports.
Canadian National Railway (NYSE:CNI) opened at 56.10 on Wednesday. Canadian National Railway has a 52 week low of $44.88 and a 52 week high of $58.40. The stock’s 50-day moving average is $55.69 and its 200-day moving average is $51.26. The company has a market cap of $23.450 billion and a P/E ratio of 9.11.
Canadian National Railway (NYSE:CNI) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.63 by $0.09. The company had revenue of $2.70 billion for the quarter. During the same quarter in the prior year, the company posted $1.52 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts predict that Canadian National Railway will post $3.12 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Raymond James upgraded shares of Canadian National Railway to an outperform rating in a research note to investors on Tuesday. On a related note, analysts at Zacks reiterated a neutral rating on shares of Canadian National Railway in a research note to investors on Thursday, December 5th. They now have a $58.00 price target on the stock. Finally, analysts at TD Securities raised their price target on shares of Canadian National Railway from $110.00 to $113.00 in a research note to investors on Wednesday, October 23rd. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $105.89.
Canadian National Railway Company (NYSE:CNI) is engaged in the rail and related transportation business.
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