FORA Capital LLC Has $3.32 Million Position in Canadian National Railway (NYSE:CNI)

FORA Capital LLC lifted its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 5.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 32,706 shares of the transportation company’s stock after purchasing an additional 1,759 shares during the quarter. FORA Capital LLC’s holdings in Canadian National Railway were worth $3,320,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CNI. Quintet Private Bank Europe S.A. bought a new position in Canadian National Railway during the fourth quarter worth $25,000. Arlington Trust Co LLC bought a new stake in shares of Canadian National Railway during the fourth quarter worth approximately $30,000. Lee Danner & Bass Inc. bought a new position in shares of Canadian National Railway during the fourth quarter worth approximately $30,000. Addison Advisors LLC lifted its holdings in Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after purchasing an additional 142 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in Canadian National Railway by 48.2% in the 4th 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 period. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Stock Up 1.7 %

Canadian National Railway stock opened at $101.47 on Friday. Canadian National Railway has a 12 month low of $91.65 and a 12 month high of $129.18. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The stock has a fifty day simple moving average of $98.01 and a two-hundred day simple moving average of $102.80. The firm has a market cap of $63.77 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 1.95 and a beta of 0.97.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $4.38 billion. During the same period in the prior year, the company earned $1.72 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. Equities analysts predict that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Analyst Ratings Changes

CNI has been the subject of several recent research reports. Stephens boosted their price target on Canadian National Railway from $105.00 to $109.00 and gave the company an “equal weight” rating in a research note on Friday, May 2nd. Citigroup lowered their price objective 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. Loop Capital downgraded Canadian National Railway from a “hold” rating to a “sell” rating in a report on Monday, February 3rd. Wells Fargo & Company dropped their price objective on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Finally, Stifel Nicolaus lowered 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. Two investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.27.

Canadian National Railway 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.