Canadian National Railway Co. (CNI) Shares Gap Down to $64.67
Canadian National Railway Co. (NYSE:CNI)’s share price gapped down prior to trading on Monday . The stock had previously closed at $64.44, but opened at $64.67. Canadian National Railway shares last traded at $65.46, with a volume of 897,400 shares traded.
A number of research firms have issued reports on CNI. Raymond James Financial Inc. upgraded Canadian National Railway from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 26th. Cowen and Company raised their target price on Canadian National Railway from $67.00 to $68.00 and gave the company an “outperform” rating in a research note on Tuesday, July 26th. BMO Capital Markets reiterated an “outperform” rating and issued a $85.00 target price on shares of Canadian National Railway in a research note on Thursday, July 7th. Barclays PLC reiterated an “equal weight” rating on shares of Canadian National Railway in a research note on Thursday, July 28th. Finally, TD Securities reiterated a “hold” rating and issued a $87.00 target price (up from $86.00) on shares of Canadian National Railway in a research note on Tuesday, July 26th. Two 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 stock. Canadian National Railway currently has an average rating of “Hold” and a consensus price target of $73.25.
The firm has a market cap of $50.51 billion and a P/E ratio of 18.65. The firm’s 50-day moving average is $63.61 and its 200-day moving average is $60.99.
Canadian National Railway (NYSE:CNI) last posted its quarterly earnings data on Monday, July 25th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.02. During the same period in the prior year, the firm posted $1.15 EPS. The business earned $2.84 billion during the quarter, compared to analyst estimates of $3 billion. Canadian National Railway’s revenue for the quarter was down 9.1% compared to the same quarter last year. Equities analysts forecast that Canadian National Railway Co. will post $3.44 earnings per share for the current year.
The company also recently declared a dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be paid 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.
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