Canadian National Railway (NYSE:CNI) Shares Sold by First Financial Bank Trust Division

First Financial Bank Trust Division trimmed its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 57.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,002 shares of the transportation company's stock after selling 9,330 shares during the quarter. First Financial Bank Trust Division's holdings in Canadian National Railway were worth $682,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CNI. Quintet Private Bank Europe S.A. purchased a new position in Canadian National Railway in the fourth quarter valued at approximately $25,000. Arlington Trust Co LLC purchased a new position in shares of Canadian National Railway in the 4th quarter valued at $30,000. Lee Danner & Bass Inc. acquired a new position in shares of Canadian National Railway during the 4th quarter valued at $30,000. Addison Advisors LLC boosted its position 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 purchasing an additional 142 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Canadian National Railway in the 4th quarter valued at $52,000. 80.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CNI has been the subject of a number of recent research reports. Barclays lowered their target price on Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating for the company in a research note on Friday, May 2nd. Citigroup dropped their price objective on shares of Canadian National Railway from $122.00 to $114.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Bank of America boosted their target price on shares of Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Jefferies Financial Group lowered their price target on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Evercore ISI decreased their price objective on shares of Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Two research 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $119.52.

Canadian National Railway Stock Performance

Shares of NYSE:CNI traded up $0.01 during trading on Friday, reaching $104.99. 1,187,327 shares of the company's stock traded hands, compared to its average volume of 1,321,831. 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 50 day moving average of $100.43 and a 200-day moving average of $102.25. Canadian National Railway has a 12 month low of $91.65 and a 12 month high of $127.89. The stock has a market capitalization of $65.99 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97.

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, 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 for the quarter, compared to analysts' expectations of $4.38 billion. During the same quarter in the previous year, the company posted $1.72 earnings per share. The business's revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities 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.