Chancellor Financial Group WB LP Buys Shares of 3,429 Canadian National Railway (NYSE:CNI)

Chancellor Financial Group WB LP acquired a new stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,429 shares of the transportation company's stock, valued at approximately $348,000.

Other institutional investors also recently modified their holdings of the company. Quintet Private Bank Europe S.A. bought a new position in Canadian National Railway in the fourth quarter valued at about $25,000. Arlington Trust Co LLC bought a new position in Canadian National Railway in the fourth quarter valued at about $30,000. Lee Danner & Bass Inc. bought a new position in Canadian National Railway in the fourth quarter valued at about $30,000. Addison Advisors LLC lifted its holdings in 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 acquiring an additional 142 shares during the period. Finally, Murphy & Mullick Capital Management Corp bought a new position in Canadian National Railway in the fourth quarter valued at about $52,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on CNI shares. Loop Capital downgraded Canadian National Railway from a "hold" rating to a "sell" rating in a research note on Monday, February 3rd. Raymond James cut Canadian National Railway from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Susquehanna raised Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 price target for the company in a research note on Tuesday, May 6th. Evercore ISI decreased their price target on Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, Citigroup decreased their target price on Canadian National Railway from $122.00 to $114.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Canadian National Railway currently has an average rating of "Moderate Buy" and a consensus target price of $119.52.

Canadian National Railway Price Performance

NYSE CNI traded up $0.01 during trading hours on Friday, reaching $104.99. The company's stock had a trading volume of 1,187,327 shares, compared to its average volume of 1,321,831. The firm has a market capitalization of $65.99 billion, a price-to-earnings ratio of 20.51, a P/E/G 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 $127.89. 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's 50-day moving average is $100.30 and its two-hundred day moving average is $102.29.

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, topping analysts' consensus estimates of $1.26 by $0.03. The company had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $4.38 billion. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Canadian National Railway's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.72 EPS. On average, equities analysts predict 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.