Gotham Asset Management LLC Invests $789,000 in Canadian National Railway (NYSE:CNI)

Gotham Asset Management LLC acquired a new position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 7,773 shares of the transportation company's stock, valued at approximately $789,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of CNI. Quintet Private Bank Europe S.A. bought a new stake in shares of Canadian National Railway in the 4th quarter worth $25,000. Arlington Trust Co LLC bought a new stake in shares of Canadian National Railway in the 4th quarter worth $30,000. Lee Danner & Bass Inc. bought a new stake in shares of Canadian National Railway in the 4th quarter worth $30,000. Addison Advisors LLC raised 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 buying an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock worth $34,000 after acquiring an additional 108 shares during the last quarter. Institutional investors own 80.74% of the company's stock.

Canadian National Railway Stock Down 1.1%

NYSE CNI traded down $1.14 on Friday, reaching $105.08. The stock had a trading volume of 1,221,493 shares, compared to its average volume of 1,313,250. The business has a 50 day moving average price of $99.71 and a 200 day moving average price of $102.49. The company has a current ratio of 0.66, a quick ratio of 0.48 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. The company has a market capitalization of $66.04 billion, a price-to-earnings ratio of 20.52, a P/E/G ratio of 1.95 and a beta of 0.97.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS 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 firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $4.38 billion. During the same quarter in the previous year, the company posted $1.72 earnings per share. The business's quarterly revenue was up 3.6% compared to the same quarter last year. On average, analysts forecast that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Royal Bank of Canada decreased their target price on Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Wall Street Zen cut Canadian National Railway from a "hold" rating to a "sell" rating in a report on Thursday. Stephens lifted their target price on Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Citigroup decreased their target price on Canadian National Railway from $122.00 to $114.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Evercore ISI decreased their target price on Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $119.52.

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.