Eisler Capital Management Ltd. Takes Position in Canadian National Railway (NYSE:CNI)

Eisler Capital Management Ltd. purchased a new position in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 149,772 shares of the transportation company's stock, valued at approximately $15,270,000. Canadian National Railway accounts for about 0.1% of Eisler Capital Management Ltd.'s holdings, making the stock its 13th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. acquired a new position in Canadian National Railway during the 4th quarter worth $25,000. Arlington Trust Co LLC acquired a new position in Canadian National Railway during the 4th quarter worth $30,000. Lee Danner & Bass Inc. acquired a new position in Canadian National Railway during the 4th quarter worth $30,000. Addison Advisors LLC grew its holdings in 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 acquiring an additional 142 shares in 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 in the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Canadian National Railway Price Performance

Shares of NYSE:CNI traded up $1.59 during trading on Wednesday, reaching $106.79. The company had a trading volume of 787,603 shares, compared to its average volume of 1,304,086. The firm's fifty day moving average is $98.22 and its 200 day moving average is $102.57. The firm has a market capitalization of $67.12 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97. Canadian National Railway has a twelve month low of $91.65 and a twelve month high of $129.18. 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 (NYSE:CNI - Get Free Report) TSE: CNR last released its earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.03. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $4.38 billion. During the same period in the previous year, the firm earned $1.72 EPS. The business's revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities analysts forecast that Canadian National Railway will post 5.52 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CNI shares. Stifel Nicolaus decreased their price objective on shares of Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a report on Monday, April 14th. Royal Bank of Canada decreased their price target on shares of Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Barclays decreased 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. Citigroup decreased their price target on shares of Canadian National Railway from $122.00 to $114.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Evercore ISI decreased their price target on shares of Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $119.27.

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.