Point72 Asset Management L.P. trimmed its position in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 49.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 694,030 shares of the transportation company's stock after selling 670,930 shares during the quarter. Point72 Asset Management L.P. owned 0.11% of Canadian National Railway worth $70,451,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in CNI. Quintet Private Bank Europe S.A. purchased a new stake in Canadian National Railway during the fourth quarter valued at about $25,000. Arlington Trust Co LLC acquired a new stake in Canadian National Railway in the fourth quarter worth $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 boosted its stake in Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock worth $32,000 after purchasing an additional 142 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake 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 worth $34,000 after purchasing an additional 108 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on CNI shares. Raymond James cut Canadian National Railway from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Stifel Nicolaus cut their price target on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a report on Monday, April 14th. Loop Capital lowered shares of Canadian National Railway from a "hold" rating to a "sell" rating in a report on Monday, February 3rd. Citigroup dropped their target price on shares of Canadian National Railway from $122.00 to $114.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Bank of America upped their price target on Canadian National Railway from $105.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $119.52.
Read Our Latest Research Report on CNI
Canadian National Railway Stock Performance
Shares of CNI stock traded down $0.59 during midday trading on Monday, hitting $107.48. 691,097 shares of the company were exchanged, compared to its average volume of 1,309,901. The firm has a market capitalization of $67.55 billion, a P/E ratio of 20.99, a PEG ratio of 1.95 and a beta of 0.97. The firm's 50 day moving average price is $98.79 and its two-hundred day moving average price is $102.47. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. 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 announced 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. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. The company had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $4.38 billion. During the same period in the prior year, the company earned $1.72 EPS. Canadian National Railway's revenue was up 3.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current year.
About Canadian National Railway
(
Free Report)
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.
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