Centiva Capital LP Invests $2.70 Million in Canadian National Railway (NYSE:CNI)

Centiva Capital LP acquired a new stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 26,559 shares of the transportation company's stock, valued at approximately $2,696,000.

Other hedge funds have also recently modified their holdings of the company. Quintet Private Bank Europe S.A. purchased a new stake in shares of Canadian National Railway during the 4th quarter valued at about $25,000. Arlington Trust Co LLC purchased a new position in Canadian National Railway during the fourth quarter valued at approximately $30,000. Lee Danner & Bass Inc. acquired a new position in shares of Canadian National Railway during the 4th quarter worth about $30,000. Addison Advisors LLC increased its holdings in shares of Canadian National Railway by 80.2% in the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after purchasing an additional 142 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock valued at $34,000 after buying an additional 108 shares during the period. Institutional investors own 80.74% of the company's stock.

Canadian National Railway Price Performance

Shares of CNI stock opened at $98.75 on Tuesday. 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 one year low of $91.65 and a one year high of $129.18. The firm has a market cap of $62.07 billion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 1.95 and a beta of 0.97. The stock's fifty day simple moving average is $98.01 and its 200 day simple moving average is $102.92.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Stephens increased their target price on Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Friday. TD Securities upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 13th. JPMorgan Chase & Co. raised Canadian National Railway from a "neutral" rating to an "overweight" rating in a research note on Tuesday, January 7th. Susquehanna lowered their target price on Canadian National Railway from $115.00 to $113.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Finally, Bank of America cut their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $118.69.

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.

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