Novem Group Buys Shares of 7,990 Canadian National Railway (NYSE:CNI)

Novem Group purchased a new position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,990 shares of the transportation company's stock, valued at approximately $811,000.

A number of other hedge funds have also recently made changes to their positions in CNI. Quintet Private Bank Europe S.A. bought a new stake in Canadian National Railway during the 4th quarter valued at about $25,000. Arlington Trust Co LLC bought a new stake in shares of Canadian National Railway during the fourth quarter valued at approximately $30,000. Lee Danner & Bass Inc. purchased a new position in Canadian National Railway in the 4th quarter worth approximately $30,000. Addison Advisors LLC raised its holdings in 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 acquiring an additional 142 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in Canadian National Railway in the 4th quarter valued at approximately $52,000. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Stock Down 1.2%

CNI opened at $106.15 on Thursday. The firm's 50 day simple moving average is $99.40 and its two-hundred day simple moving average is $102.53. The company has a market capitalization of $66.72 billion, a PE ratio of 20.73, a PEG ratio of 1.95 and a beta of 0.97. Canadian National Railway has a 1-year low of $91.65 and a 1-year high of $128.19. 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 (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 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 period in the prior year, the business posted $1.72 EPS. Canadian National Railway's revenue was up 3.6% on a year-over-year basis. As a group, equities analysts forecast that Canadian National Railway will post 5.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Stifel Nicolaus decreased their price target on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Bank of America lifted their price objective on Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Barclays decreased their target price on Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Citigroup dropped their price target on shares of 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, Susquehanna upgraded shares of Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 price target for the company in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Canadian National Railway currently has an average rating of "Moderate Buy" and an average price target of $119.52.

Canadian National Railway Company 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.

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