Canadian National Railway Co. (CNI) Shares Gap Up to $64.67
Canadian National Railway Co. (NYSE:CNI) shares gapped up before the market opened 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.
A number of research analysts have recently commented on CNI shares. Argus started coverage on Canadian National Railway in a research report on Tuesday, June 21st. They set a “buy” rating and a $73.00 target price for the company. Barclays PLC reiterated 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 target 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 target (up 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 for the company. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $73.25.
The firm has a 50 day moving average of $63.61 and a 200 day moving average of $60.99. The firm has a market capitalization of $50.51 billion and a price-to-earnings ratio of 18.46.
Canadian National Railway (NYSE:CNI) last announced its quarterly earnings results on Monday, July 25th. The company reported $1.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.02. During the same period last year, the company earned $1.15 EPS. The business earned $2.84 billion during the quarter, compared to analyst estimates of $3 billion. The business’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, analysts forecast that Canadian National Railway Co. will post $3.41 EPS for the current year.
The firm also recently declared a dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be paid a $0.288 dividend. The ex-dividend date 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.