Lighthouse Investment Partners LLC Makes New Investment in Canadian National Railway (NYSE:CNI)

Lighthouse Investment Partners LLC acquired a new position in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,000 shares of the transportation company's stock, valued at approximately $508,000.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CNI. Evercore ISI lowered their target price on shares of Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Royal Bank of Canada reduced their price target on shares of Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Barclays reduced their price target on shares of 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 reduced 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. Finally, Loop Capital lowered shares of Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Canadian National Railway presently has a consensus rating of "Moderate Buy" and a consensus price target of $119.52.

Canadian National Railway Price Performance

Canadian National Railway stock traded down $0.01 during mid-day trading on Tuesday, hitting $107.53. 201,940 shares of the company traded hands, compared to its average volume of 1,305,573. Canadian National Railway has a one year low of $91.65 and a one year high of $129.18. The stock has a market cap of $67.58 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The stock has a fifty day moving average price of $99.00 and a 200-day moving average price of $102.47.

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, beating the consensus estimate of $1.26 by $0.03. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $4.38 billion. During the same period in the previous year, the business posted $1.72 earnings per share. Canadian National Railway's revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities analysts predict that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

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.