Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Trims Stock Position in Canadian National Railway Company $CNI

Key Points

• Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its stake in Canadian National Railway by 0.5%, owning 1,425,079 shares, which accounts for approximately 1.3% of its portfolio.
• Canadian National Railway's recent quarterly earnings of $1.35 per share missed analyst estimates, with revenue declining by 1.3% year-over-year to $3.14 billion.
• Multiple brokerages have adjusted their price targets for Canadian National Railway, with Barclays and Citigroup lowering theirs to $97.00 and $119.00, respectively, while the current consensus rating is a "Hold."

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its stake in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 0.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,425,079 shares of the transportation company's stock after selling 7,228 shares during the period. Canadian National Railway comprises about 1.3% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's portfolio, making the stock its 25th largest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned 0.23% of Canadian National Railway worth $148,265,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Bennett Selby Investments LP raised its stake in shares of Canadian National Railway by 2.2% during the 2nd quarter. Bennett Selby Investments LP now owns 4,796 shares of the transportation company's stock valued at $499,000 after buying an additional 101 shares during the last quarter. Heartland Advisors Inc. raised its stake in shares of Canadian National Railway by 0.9% during the 1st quarter. Heartland Advisors Inc. now owns 12,293 shares of the transportation company's stock valued at $1,198,000 after buying an additional 108 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Canadian National Railway by 3.3% during the 2nd quarter. IFP Advisors Inc now owns 3,582 shares of the transportation company's stock valued at $373,000 after buying an additional 115 shares during the last quarter. D.A. Davidson & CO. raised its stake in shares of Canadian National Railway by 5.3% during the 2nd quarter. D.A. Davidson & CO. now owns 2,374 shares of the transportation company's stock valued at $247,000 after buying an additional 119 shares during the last quarter. Finally, Diversified Trust Co raised its stake in shares of Canadian National Railway by 5.7% during the 1st quarter. Diversified Trust Co now owns 2,561 shares of the transportation company's stock valued at $250,000 after buying an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Canadian National Railway Trading Up 1.2%

CNI stock opened at $96.14 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. Canadian National Railway Company has a 12-month low of $91.07 and a 12-month high of $114.90. The stock has a market cap of $59.48 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 2.15 and a beta of 0.96. The business's 50-day moving average is $94.90 and its 200 day moving average is $98.79.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.02). Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the previous year, the firm posted $1.84 earnings per share. The company's quarterly revenue was down 1.3% on a year-over-year basis. On average, sell-side analysts anticipate that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on CNI. Barclays cut their price target on Canadian National Railway from $99.00 to $97.00 and set an "equal weight" rating for the company in a research note on Thursday, October 2nd. Citigroup cut their price target on Canadian National Railway from $121.00 to $119.00 and set a "buy" rating for the company in a research note on Monday, October 13th. Bank of America cut their price target on Canadian National Railway from $106.00 to $102.00 and set a "neutral" rating for the company in a research note on Monday, September 29th. Weiss Ratings restated a "hold (c-)" rating on shares of Canadian National Railway in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada cut their price target on Canadian National Railway from $161.00 to $157.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Canadian National Railway currently has a consensus rating of "Hold" and a consensus price target of $113.90.

About Canadian National Railway

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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