Canadian National Railway Co. (CNI) Shares Gap Up to $64.67
Canadian National Railway Co. (NYSE:CNI) gapped up prior to trading on Friday . The stock had previously closed at $64.43, but opened at $64.67. Canadian National Railway shares last traded at $64.99, with a volume of 452,408 shares changing hands.
CNI has been the topic of several recent research reports. Argus initiated coverage on Canadian National Railway in a research report on Tuesday, June 21st. They issued a “buy” rating and a $73.00 price objective on the stock. Barclays PLC restated an “equal weight” rating on shares of Canadian National Railway in a research report on Thursday, July 28th. Desjardins restated a “hold” rating and issued a $86.00 price objective on shares of Canadian National Railway in a research report on Tuesday, July 26th. TD Securities restated a “hold” rating and issued a $87.00 price objective (up previously from $86.00) on shares of Canadian National Railway in a research report on Tuesday, July 26th. Finally, Atlantic Securities initiated coverage on Canadian National Railway in a research report on Thursday, August 11th. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $73.25.
The firm has a 50-day moving average price of $63.61 and a 200-day moving average price of $60.99. The firm has a market capitalization of $50.51 billion and a price-to-earnings ratio of 18.65.
Canadian National Railway (NYSE:CNI) last posted its earnings results on Monday, July 25th. The company reported $1.11 EPS for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.02. The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $3 billion. The firm’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.15 earnings per share. On average, equities analysts predict that Canadian National Railway Co. will post $3.44 earnings per share for the current year.
The company also recently announced a dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 9th will be given a dividend of $0.288 per share. The ex-dividend date of this dividend is Wednesday, September 7th.
Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico. The Company’s freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.