Prio Wealth Limited Partnership Makes New $240,000 Investment in Canadian National Railway (NYSE:CNI)

Prio Wealth Limited Partnership acquired a new stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,050 shares of the transportation company’s stock, valued at approximately $240,000.

A number of other hedge funds have also modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Canadian National Railway in the 2nd quarter valued at $26,000. Addison Advisors LLC lifted its holdings in shares of Canadian National Railway by 159.1% during the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 148 shares during the period. GAMMA Investing LLC boosted its stake in shares of Canadian National Railway by 766.7% in the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 207 shares in the last quarter. ORG Partners LLC bought a new stake in shares of Canadian National Railway in the 2nd quarter worth about $34,000. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Canadian National Railway during the 1st quarter worth about $64,000. 80.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Royal Bank of Canada upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Stifel Nicolaus reduced their target price on shares of Canadian National Railway from $133.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, October 11th. The Goldman Sachs Group reduced their price objective on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a report on Wednesday, October 9th. National Bank Financial raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 27th. Finally, Citigroup initiated coverage on Canadian National Railway in a research note on Wednesday, October 9th. They set a “neutral” rating and a $125.00 price target on the stock. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $126.02.

Canadian National Railway Stock Down 1.2 %

Shares of NYSE:CNI opened at $112.24 on Tuesday. The company has a 50 day moving average price of $115.97 and a two-hundred day moving average price of $119.90. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.48 and a current ratio of 0.63. The company has a market capitalization of $70.69 billion, a PE ratio of 17.99, a PEG ratio of 2.53 and a beta of 0.88. Canadian National Railway has a 52 week low of $103.96 and a 52 week high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.40 billion. Canadian National Railway had a net margin of 32.00% and a return on equity of 23.58%. Canadian National Railway’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.31 EPS. Analysts forecast that Canadian National Railway will post 5.5 earnings per share for the current 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.