Banque Transatlantique SA Invests $30.70 Million in Canadian National Railway (NYSE:CNI)

Banque Transatlantique SA bought a new position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 301,997 shares of the transportation company's stock, valued at approximately $30,696,000.

Several other large investors have also recently bought and sold shares of CNI. Quintet Private Bank Europe S.A. bought a new position in shares of Canadian National Railway in the fourth quarter worth $25,000. Arlington Trust Co LLC bought a new position in Canadian National Railway in the 4th quarter worth about $30,000. Lee Danner & Bass Inc. bought a new position in Canadian National Railway in the 4th quarter worth about $30,000. Addison Advisors LLC raised its holdings in shares of Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after acquiring an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock valued at $34,000 after acquiring an additional 108 shares during the last quarter. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Trading Down 0.2 %

CNI stock traded down $0.19 during midday trading on Tuesday, hitting $98.50. The company had a trading volume of 913,275 shares, compared to its average volume of 1,295,774. The stock has a market cap of $61.90 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 1.95 and a beta of 0.97. Canadian National Railway has a 52 week low of $91.65 and a 52 week high of $129.18. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The stock's 50 day moving average price is $97.98 and its 200 day moving average price is $102.89.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.26 by $0.03. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $4.38 billion. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. The firm's revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.72 EPS. As a group, equities research analysts expect that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

CNI has been the topic of several research analyst reports. Loop Capital cut shares of Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Monday, February 3rd. TD Securities raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Monday, January 13th. Raymond James downgraded shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Bank of America reduced their target price on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada lowered their price target on Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $119.27.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.