Wexford Capital LP Makes New Investment in Canadian National Railway (NYSE:CNI)

Wexford Capital LP acquired a new stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 27,242 shares of the transportation company's stock, valued at approximately $2,765,000.

Other hedge funds have also recently modified their holdings of the company. Sustainable Insight Capital Management LLC bought a new stake in shares of Canadian National Railway during the 4th quarter valued at $436,000. CIBC Asset Management Inc grew its position in shares of Canadian National Railway by 12.6% during the 4th quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company's stock valued at $519,843,000 after acquiring an additional 571,967 shares during the period. Blue Trust Inc. grew its position in shares of Canadian National Railway by 26.5% during the 4th quarter. Blue Trust Inc. now owns 1,646 shares of the transportation company's stock valued at $167,000 after acquiring an additional 345 shares during the period. Principal Financial Group Inc. grew its position in shares of Canadian National Railway by 29.6% during the 3rd quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company's stock valued at $10,820,000 after acquiring an additional 21,100 shares during the period. Finally, Addenda Capital Inc. grew its position in shares of Canadian National Railway by 1.5% during the 4th quarter. Addenda Capital Inc. now owns 455,201 shares of the transportation company's stock valued at $46,207,000 after acquiring an additional 6,647 shares during the period. Institutional investors own 80.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CNI shares. Stephens lifted their target price on shares of Canadian National Railway from $105.00 to $109.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Barclays lowered their target price on shares of Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Stifel Nicolaus lowered their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Susquehanna upgraded shares of Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 target price on the stock in a research note on Tuesday, May 6th. Finally, Raymond James cut shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Canadian National Railway currently has an average rating of "Moderate Buy" and a consensus price target of $119.52.

Canadian National Railway Price Performance

Shares of NYSE CNI traded up $0.07 during mid-day trading on Thursday, hitting $106.17. 1,175,854 shares of the company's stock traded hands, compared to its average volume of 1,310,663. The company's 50-day moving average is $99.40 and its two-hundred day moving average is $102.53. 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 company has a market capitalization of $66.73 billion, a P/E ratio of 20.74, a PEG ratio of 1.95 and a beta of 0.97. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $128.19.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced 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 firm had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $4.38 billion. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. The business's revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.72 EPS. On average, equities analysts anticipate that Canadian National Railway will post 5.52 EPS for the current fiscal 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.