Canadian National Railway (CNI) Announces Quarterly Results
Canadian National Railway (NYSE: CNI) announced its earnings results on Monday. The company reported $1.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.22, Analyst Ratings.Net reports. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.49 billion.
A number of analysts have recently weighed in on CNI shares. Analysts at FBR Capital Markets raised their price target on shares of Canadian National Railway from $94.00 to $100.00 in a research note to investors on Monday, April 15th. They now have a “market perform” rating on the stock. On the ratings front, analysts at Jefferies Group reiterated an “underperform” rating on shares of Canadian National Railway in a research note to investors on Wednesday, April 10th. They now have a $85.00 price target on the stock, up previously from $84.00. Finally, analysts at CIBC raised their price target on shares of Canadian National Railway from $105.00 to $110.00 in a research note to investors on Monday, April 8th.
One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $98.70.
Canadian National Railway (NYSE: CNI) traded down 0.79% on Monday, hitting $95.20. Canadian National Railway has a 1-year low of $78.27 and a 1-year high of $103.70. The stock’s 50-day moving average is currently $98.41. The company has a market cap of $40.784 billion and a price-to-earnings ratio of 15.39.
Canadian National Railway Company (NYSE: CNI) is engaged in the rail and related transportation business.
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