KBW Raises City National EPS Estimates (CYN)
Analysts at KBW lifted their earnings per share (EPS) estimates on shares of City National (NYSE: CYN) in a research report issued to clients and investors on Monday. The firm currently has a “market perform” rating and a $52.00 price target on the company’s shares.
A number of other firms have also recently commented on CYN. Analysts at Guggenheim raised their price target on shares of City National from $51.00 to $53.00 in a research note to investors on Monday, April 23rd. They now have a “neutral” rating on the stock. Separately, analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of City National from $50.00 to $55.00 in a research note to investors on Friday, April 20th. They now have a “hold” rating on the stock. Finally, analysts at DA Davidson raised their price target on shares of City National to $56.00 in a research note to investors on Friday, April 20th.
City National traded up 1.88% on Monday, hitting $54.26. City National has a 52-week low of $35.07 and a 52-week high of $57.73. The company has a market cap of $2.857 billion and a price-to-earnings ratio of 15.99.
The company last announced its quarterly results on Thursday, April 19th. It reported $0.86 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.82 EPS by $0.04. The company’s quarterly revenue was up .4% on a year-over-year basis. Analysts expect that City National will post $0.90 EPS next quarter.
City National Corporation (the Corporation) is a bank holding company and a financial holding company.