2,715 Shares in Canadian National Railway (NYSE:CNI) Acquired by Bridgefront Capital LLC

Bridgefront Capital LLC acquired a new position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,715 shares of the transportation company’s stock, valued at approximately $276,000.

Several other large investors have also modified their holdings of CNI. Quintet Private Bank Europe S.A. purchased a new stake in shares of Canadian National Railway in the 4th quarter valued at about $25,000. Arlington Trust Co LLC purchased a new position in shares of Canadian National Railway during the fourth quarter worth about $30,000. Lee Danner & Bass Inc. acquired a new position in Canadian National Railway in the 4th quarter valued at about $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 during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position 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 worth $34,000 after acquiring an additional 108 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Trading Up 1.4 %

Shares of CNI opened at $99.77 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. Canadian National Railway has a 1-year low of $91.65 and a 1-year high of $129.18. The stock has a market cap of $62.70 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97. The firm has a 50 day simple moving average of $97.95 and a 200-day simple moving average of $102.87.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CNI shares. Susquehanna upgraded Canadian National Railway from a “neutral” rating to a “positive” rating and set a $120.00 price target for the company in a research note on Tuesday. Jefferies Financial Group reduced their target price on shares of Canadian National Railway from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Bank of America dropped their price target on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Barclays cut their price target on shares of Canadian National Railway from $104.00 to $101.00 and set an “equal weight” rating for the company in a report on Friday, May 2nd. Finally, TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $119.27.

About Canadian National Railway

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.