Canadian National Railway (NYSE:CNI) Shares Sold by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC cut its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 88.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,064 shares of the transportation company's stock after selling 22,983 shares during the quarter. Snowden Capital Advisors LLC's holdings in Canadian National Railway were worth $311,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CNI. Quintet Private Bank Europe S.A. acquired a new stake in Canadian National Railway during the 4th quarter worth approximately $25,000. Arlington Trust Co LLC acquired a new stake in shares of Canadian National Railway in the 4th quarter worth $30,000. Lee Danner & Bass Inc. acquired a new stake in shares of Canadian National Railway in the 4th quarter worth $30,000. Addison Advisors LLC lifted its stake in shares of Canadian National Railway by 80.2% in 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 during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Canadian National Railway in the 4th quarter worth $52,000. 80.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CNI shares. 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. Evercore ISI reduced their price target on Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Stifel Nicolaus reduced their price target on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a report on Monday, April 14th. Jefferies Financial Group reduced their price target on 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, Citigroup reduced their price objective on shares of Canadian National Railway from $122.00 to $114.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $119.52.

Canadian National Railway Price Performance

Shares of NYSE CNI traded down $1.14 during trading on Monday, reaching $105.08. The company had a trading volume of 1,221,493 shares, compared to its average volume of 1,316,597. The stock has a 50-day moving average price of $99.71 and a two-hundred day moving average price of $102.34. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $66.04 billion, a PE ratio of 20.52, 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 $127.89.

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, beating the consensus estimate of $1.26 by $0.03. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $4.38 billion. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. The business's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.72 earnings per share. As a group, sell-side analysts predict that Canadian National Railway will post 5.52 earnings per share for the current year.

About Canadian National Railway

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.