Equities research analysts at Raymond James lifted their target price on shares of Canadian National Railway (NYSE:CNI) from $115.00 to $118.00 in a research note issued to investors on Wednesday, StockRatingsNetwork reports. Raymond James’ price objective suggests a potential upside of 6.91% from the company’s current price.
Canadian National Railway (NYSE:CNI) traded up 3.42% on Wednesday, hitting $110.37. The stock had a trading volume of 1,228,824 shares. Canadian National Railway has a one year low of $83.83 and a one year high of $104.43. The stock’s 50-day moving average is $97.49 and its 200-day moving average is $98.63. The company has a market cap of $46.433 billion and a P/E ratio of 17.70.
Canadian National Railway (NYSE:CNI) last announced its earnings results on Tuesday, October 22nd. The company reported $1.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.63 by $0.09. The company had revenue of $2.70 billion for the quarter. During the same quarter last year, the company posted $1.52 earnings per share. Canadian National Railway’s revenue was up 8.0% compared to the same quarter last year. Analysts expect that Canadian National Railway will post $6.10 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 31st. Shareholders of record on Monday, December 10th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, December 6th.
Other equities research analysts have also recently issued reports about the stock. Analysts at National Bank Financial raised their price target on shares of Canadian National Railway from $104.00 to $114.00 in a research note to investors on Wednesday. Separately, analysts at Cowen and Company raised their price target on shares of Canadian National Railway from $101.00 to $110.00 in a research note to investors on Wednesday. Finally, analysts at CIBC reiterated a “sector perform” rating on shares of Canadian National Railway in a research note to investors on Wednesday. They now have a $110.00 price target on the stock. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. Canadian National Railway currently has a consensus rating of “Hold” and a consensus price target of $108.79.
Canadian National Railway Company (NYSE:CNI) is engaged in the rail and related transportation business.
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