Moore Capital Management LP Purchases New Position in Canadian National Railway (NYSE:CNI)

Moore Capital Management LP bought a new stake in 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 & Exchange Commission. The firm bought 54,989 shares of the transportation company's stock, valued at approximately $5,582,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Quintet Private Bank Europe S.A. acquired a new position in Canadian National Railway in the 4th quarter valued at $25,000. Arlington Trust Co LLC purchased a new stake in Canadian National Railway during the 4th quarter valued at about $30,000. Lee Danner & Bass Inc. purchased a new stake in Canadian National Railway during the 4th quarter valued at about $30,000. Addison Advisors LLC grew its stake in Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after acquiring an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock valued at $34,000 after acquiring an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Analyst Ratings Changes

CNI has been the topic of a number of analyst reports. Raymond James downgraded Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Stephens lifted their price target 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. Stifel Nicolaus cut their price objective on shares of Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Susquehanna raised shares of Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 target price on the stock in a research note on Tuesday, May 6th. Finally, Bank of America increased their price target on shares of Canadian National Railway from $105.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Canadian National Railway currently has a consensus rating of "Moderate Buy" and an average price target of $119.52.

Canadian National Railway Stock Down 0.0%

Shares of CNI traded down $0.05 during mid-day trading on Friday, hitting $108.08. 1,208,567 shares of the company's stock were exchanged, compared to its average volume of 1,309,605. 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 company has a market cap of $67.93 billion, a price-to-earnings ratio of 21.11, a P/E/G ratio of 1.95 and a beta of 0.97. The stock's 50-day moving average is $98.53 and its 200-day moving average is $102.58. Canadian National Railway has a fifty-two week low of $91.65 and a fifty-two week high of $129.18.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.26 by $0.03. The company had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $4.38 billion. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. The firm's revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.72 EPS. On average, sell-side analysts anticipate 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.