Bridgefront Capital LLC Invests $276,000 in Canadian National Railway (NYSE:CNI)

Bridgefront Capital LLC acquired a new stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,715 shares of the transportation company's stock, valued at approximately $276,000.

Several other hedge funds have also added to or reduced their stakes in CNI. Quintet Private Bank Europe S.A. acquired a new stake in Canadian National Railway in the fourth quarter valued at $25,000. Arlington Trust Co LLC acquired a new stake in Canadian National Railway during the 4th quarter valued at approximately $30,000. Lee Danner & Bass Inc. acquired a new position in shares of Canadian National Railway in the 4th quarter worth approximately $30,000. Addison Advisors LLC raised its stake in Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock worth $32,000 after buying an additional 142 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in 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 worth $34,000 after acquiring an additional 108 shares during the period. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CNI. Royal Bank of Canada cut their price target on Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Barclays reduced their price target on shares of Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. Stifel Nicolaus dropped their price objective on shares of Canadian National Railway from $125.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Raymond James lowered Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Finally, Susquehanna upgraded Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 price target on the stock in a report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Canadian National Railway presently has a consensus rating of "Moderate Buy" and a consensus price target of $119.27.

Canadian National Railway Stock Performance

Shares of NYSE CNI traded down $0.93 during mid-day trading on Friday, reaching $100.40. 996,823 shares of the company's stock were exchanged, compared to its average volume of 1,302,436. The firm has a 50-day moving average price of $98.07 and a two-hundred day moving average price of $102.65. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The firm has a market capitalization of $63.10 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth 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.

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

Canadian National Railway Profile

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.