Capstone Investment Advisors LLC Buys New Stake in Canadian National Railway (NYSE:CNI)

Capstone Investment Advisors LLC bought a new stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 65,374 shares of the transportation company's stock, valued at approximately $6,636,000.

Several other large investors have also modified their holdings of the business. Quintet Private Bank Europe S.A. purchased a new position in Canadian National Railway during the fourth quarter valued at approximately $25,000. Arlington Trust Co LLC bought a new position in shares of Canadian National Railway in the 4th quarter worth $30,000. Lee Danner & Bass Inc. purchased a new stake in shares of Canadian National Railway during the 4th quarter worth $30,000. Addison Advisors LLC lifted its stake in shares of Canadian National Railway by 80.2% during 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 last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock valued at $34,000 after purchasing an additional 108 shares during the last quarter. Institutional investors own 80.74% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CNI shares. Susquehanna raised shares of 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. Jefferies Financial Group dropped their price objective on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Citigroup lowered their price target on Canadian National Railway from $122.00 to $114.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Stifel Nicolaus cut their price objective on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Stephens raised their price target on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $119.27.

Canadian National Railway Price Performance

CNI traded down $0.93 on Friday, reaching $100.40. 996,823 shares of the company's stock were exchanged, compared to its average volume of 1,298,620. The stock has a market cap of $63.10 billion, a PE ratio of 19.61, a P/E/G ratio of 1.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. Canadian National Railway has a twelve month low of $91.65 and a twelve month high of $129.18. The stock's fifty day moving average price is $98.01 and its 200-day moving average price is $102.80.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share for the quarter, topping analysts' consensus estimates of $1.26 by $0.03. The business had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $4.38 billion. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. The company'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. Sell-side analysts expect that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Company 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.