Cypress Asset Management Inc. TX acquired a new position in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,616 shares of the transportation company's stock, valued at approximately $875,000.
A number of other large investors have also made changes to their positions in the company. Shell Asset Management Co. boosted its position 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 worth $2,171,000 after acquiring an additional 100 shares in the last quarter. Voya Investment Management LLC boosted its stake in shares of Canadian National Railway by 1.4% in the 4th quarter. Voya Investment Management LLC now owns 7,953 shares of the transportation company's stock valued at $807,000 after purchasing an additional 112 shares in the last quarter. Crestwood Advisors Group LLC grew its holdings 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 purchasing an additional 114 shares during the last quarter. Lowe Brockenbrough & Co. Inc. lifted its stake in Canadian National Railway by 1.2% in the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company's stock valued at $1,167,000 after purchasing an additional 139 shares during the last quarter. Finally, Addison Advisors LLC boosted its position 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 buying an additional 142 shares in the last quarter. Institutional investors own 80.74% of the company's stock.
Canadian National Railway Trading Up 0.5%
Shares of NYSE:CNI traded up $0.56 on Friday, hitting $105.54. The company had a trading volume of 556,445 shares, compared to its average volume of 1,316,615. The firm's 50-day simple moving average is $100.30 and its two-hundred day simple moving average is $102.29. The firm has a market capitalization of $66.34 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 1.95 and a beta of 0.97. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $127.89.
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, topping the consensus estimate 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 firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $4.38 billion. During the same quarter in the prior year, the company earned $1.72 EPS. The business's revenue was up 3.6% compared to the same quarter last year. Equities analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have issued reports on CNI. Royal Bank of Canada lowered their target price on Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Susquehanna upgraded shares of Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 price objective for the company in a report on Tuesday, May 6th. Evercore ISI cut their target price on shares of Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Jefferies Financial Group decreased 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 research report on Wednesday, April 9th. Finally, Raymond James lowered shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $119.52.
View Our Latest Report on CNI
Canadian National Railway Company Profile
(
Free Report)
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.
Featured Articles

Before you consider Canadian National Railway, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Canadian National Railway wasn't on the list.
While Canadian National Railway currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.