Legacy Wealth Management LLC MS acquired a new stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,349 shares of the transportation company's stock, valued at approximately $326,000.
A number of other large investors have also made changes to their positions in CNI. Rempart Asset Management Inc. raised its stake in shares of Canadian National Railway by 2.2% in the first quarter. Rempart Asset Management Inc. now owns 191,091 shares of the transportation company's stock valued at $18,604,000 after purchasing an additional 4,185 shares in the last quarter. Mascagni Wealth Management Inc. acquired a new position in shares of Canadian National Railway in the fourth quarter valued at $197,000. Chancellor Financial Group WB LP acquired a new position in shares of Canadian National Railway in the fourth quarter valued at $348,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Canadian National Railway by 42.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,325 shares of the transportation company's stock valued at $2,165,000 after buying an additional 6,324 shares in the last quarter. Finally, Wealthedge Investment Advisors LLC acquired a new position in shares of Canadian National Railway in the 4th quarter valued at $2,198,000. Institutional investors and hedge funds own 80.74% of the company's stock.
Canadian National Railway Price Performance
CNI stock traded up $0.01 during midday trading on Friday, reaching $104.99. 1,187,327 shares of the company's stock traded hands, compared to its average volume of 1,321,832. Canadian National Railway has a 1-year low of $91.65 and a 1-year high of $127.89. The company has a market cap of $65.99 billion, a price-to-earnings ratio of 20.51, a PEG 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. The company has a 50-day simple moving average of $100.43 and a two-hundred day simple moving average of $102.25.
Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings data 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 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 period last year, the company earned $1.72 earnings per share. The company's revenue was up 3.6% on a year-over-year basis. On average, analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current year.
Wall Street Analyst Weigh In
CNI has been the subject of a number of recent research reports. Jefferies Financial Group dropped their price objective on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Citigroup dropped their price target on shares of 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. Stephens increased their price target on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Susquehanna raised Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 target price for the company in a report on Tuesday, May 6th. Finally, Wall Street Zen raised Canadian National Railway from a "sell" rating to a "hold" rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $119.52.
View Our Latest Research Report on Canadian National Railway
About Canadian National Railway
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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.
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