Cypress Asset Management Inc. TX Invests $875,000 in Canadian National Railway (NYSE:CNI)

Cypress Asset Management Inc. TX purchased a new stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 8,616 shares of the transportation company's stock, valued at approximately $875,000.

A number of other institutional investors also recently modified their holdings of the business. Shell Asset Management Co. lifted its stake in shares of Canadian National Railway by 0.5% during the 4th quarter. Shell Asset Management Co. now owns 21,387 shares of the transportation company's stock valued at $2,171,000 after buying an additional 100 shares in the last quarter. Voya Investment Management LLC lifted its stake in shares of Canadian National Railway by 1.4% during the 4th quarter. Voya Investment Management LLC now owns 7,953 shares of the transportation company's stock valued at $807,000 after buying an additional 112 shares in the last quarter. Crestwood Advisors Group LLC lifted its stake in shares of Canadian National Railway by 4.2% during the 4th quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company's stock valued at $286,000 after buying an additional 114 shares in the last quarter. Lowe Brockenbrough & Co. Inc. lifted its stake in shares of Canadian National Railway by 1.2% during the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company's stock valued at $1,167,000 after buying an additional 139 shares in the last quarter. Finally, Addison Advisors LLC lifted its stake in shares of Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after buying an additional 142 shares in the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on CNI. Susquehanna raised 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 report on Tuesday, May 6th. Royal Bank of Canada decreased their target price on shares of Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Barclays decreased 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 report on Friday, May 2nd. Bank of America upped their target price on shares of Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, Stephens upped their target price on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Three research analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $119.52.

Canadian National Railway Stock Performance

Shares of CNI stock traded up $0.08 during trading hours on Thursday, reaching $104.95. The company had a trading volume of 1,134,035 shares, compared to its average volume of 1,316,907. The business has a fifty day moving average price of $100.17 and a 200-day moving average price of $102.34. Canadian National Railway has a one year low of $91.65 and a one year high of $127.89. The firm has a market cap of $65.96 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97. 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 announced its quarterly 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 firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $4.38 billion. During the same period in the previous year, the business posted $1.72 earnings per share. The business's revenue for the quarter was up 3.6% on a year-over-year basis. Sell-side analysts predict that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

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.