Moore Capital Management LP Buys Shares of 54,989 Canadian National Railway (NYSE:CNI)

Moore Capital Management LP bought a new stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) during the 4th quarter, Holdings Channel reports. The firm bought 54,989 shares of the transportation company’s stock, valued at approximately $5,582,000.

Several other hedge funds have also recently added to or reduced their stakes in CNI. Quintet Private Bank Europe S.A. bought a new stake in Canadian National Railway during the 4th quarter valued at $25,000. Arlington Trust Co LLC bought a new stake in Canadian National Railway during the 4th quarter valued at $30,000. Lee Danner & Bass Inc. bought a new stake in Canadian National Railway during the 4th quarter valued at $30,000. Addison Advisors LLC raised 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. raised 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. Institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

CNI has been the topic of several recent analyst reports. Stephens lifted their target price 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. Barclays cut their target price on Canadian National Railway from $104.00 to $101.00 and set an “equal weight” rating on the stock in a research note on Friday, May 2nd. Stifel Nicolaus lowered their price target on Canadian National Railway from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Citigroup lowered their price target on Canadian National Railway from $122.00 to $114.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, Raymond James cut Canadian National Railway from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $119.27.

Canadian National Railway Stock Performance

Shares of NYSE CNI opened at $104.72 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $65.82 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 1.95 and a beta of 0.97. The stock’s fifty day simple moving average is $98.16 and its 200 day simple moving average is $102.55. Canadian National Railway has a 52-week low of $91.65 and a 52-week high of $129.18.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $4.38 billion. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.72 EPS. As a group, sell-side analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

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.