Banque de Luxembourg S.A. Invests $2.76 Million in Canadian National Railway (NYSE:CNI)

Banque de Luxembourg S.A. bought a new stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) during the 4th quarter, Holdings Channel.com reports. The firm bought 27,155 shares of the transportation company’s stock, valued at approximately $2,757,000. Canadian National Railway comprises approximately 1.5% of Banque de Luxembourg S.A.’s holdings, making the stock its 19th largest position.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Quintet Private Bank Europe S.A. acquired a new position in Canadian National Railway in the 4th quarter worth $25,000. Arlington Trust Co LLC purchased a new stake in shares of Canadian National Railway during the fourth quarter worth about $30,000. Lee Danner & Bass Inc. acquired a new position in shares of Canadian National Railway in the fourth quarter worth about $30,000. Addison Advisors LLC boosted its holdings in Canadian National Railway by 80.2% in the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 142 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew 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 purchasing an additional 108 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Stifel Nicolaus reduced their target price on Canadian National Railway from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Citigroup decreased 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 report on Tuesday, April 8th. Jefferies Financial Group cut their target price on shares of Canadian National Railway from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Susquehanna decreased their price target on Canadian National Railway from $115.00 to $113.00 and set a “neutral” rating for the company in a research note on Thursday, March 27th. Finally, Evercore ISI cut their price objective on Canadian National Railway from $119.00 to $114.00 and set an “outperform” rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $118.69.

Canadian National Railway Stock Performance

CNI stock opened at $101.41 on Friday. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $129.18. The stock has a market capitalization of $63.74 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 1.95 and a beta of 0.93. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The stock’s fifty day moving average is $98.04 and its two-hundred day moving average is $103.11.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $4.38 billion. During the same period last year, the firm posted $1.72 EPS. Canadian National Railway’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, research analysts predict that Canadian National Railway will post 5.52 EPS for the current year.

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.