Canadian National Railway (NYSE:CNI) Stock Holdings Decreased by Park Place Capital Corp

Park Place Capital Corp lowered its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 84.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 337 shares of the transportation company’s stock after selling 1,900 shares during the period. Park Place Capital Corp’s holdings in Canadian National Railway were worth $34,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CNI. Fortitude Family Office LLC boosted its holdings in shares of Canadian National Railway by 738.7% in the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after buying an additional 229 shares during the period. Coastline Trust Co acquired a new position in shares of Canadian National Railway in the 3rd quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of 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 buying an additional 108 shares during the period. Reston Wealth Management LLC acquired a new position in shares of Canadian National Railway in the 3rd quarter valued at about $41,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new position in shares of Canadian National Railway in the 3rd quarter valued at about $56,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Up 1.8 %

CNI stock opened at $106.26 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. The firm’s 50-day moving average is $104.94 and its two-hundred day moving average is $111.55. Canadian National Railway has a 52 week low of $98.96 and a 52 week high of $134.02. The company has a market capitalization of $66.82 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the previous year, the firm earned $1.26 EPS. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, analysts forecast that Canadian National Railway will post 5.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CNI shares. JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Sanford C. Bernstein decreased their price target on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a report on Wednesday, October 9th. Barclays reduced their target price on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Citigroup raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their target price for the company from $126.00 to $130.00 in a research note on Tuesday, November 12th. Finally, Benchmark reissued a “hold” rating on shares of Canadian National Railway in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $124.02.

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.