Prana Capital Management LP Has $832,000 Stock Position in Canadian National Railway (NYSE:CNI)

Prana Capital Management LP lowered its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 64.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,200 shares of the transportation company’s stock after selling 15,188 shares during the quarter. Prana Capital Management LP’s holdings in Canadian National Railway were worth $832,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CNI. Quintet Private Bank Europe S.A. acquired a new stake in shares of Canadian National Railway in the fourth quarter valued at about $25,000. Arlington Trust Co LLC acquired a new stake in shares of Canadian National Railway in the fourth quarter valued at about $30,000. Lee Danner & Bass Inc. acquired a new position in Canadian National Railway during the fourth quarter worth approximately $30,000. Addison Advisors LLC increased its position in Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after buying an additional 142 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after buying an additional 108 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. 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. Evercore ISI lowered their price target on Canadian National Railway from $119.00 to $114.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Stephens boosted their price target on Canadian National Railway from $105.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. Finally, Barclays lowered their price target on Canadian National Railway from $104.00 to $101.00 and set an “equal weight” rating on the stock in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $119.27.

Canadian National Railway Trading Up 1.5%

Shares of CNI stock opened at $106.78 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The stock has a market cap of $67.11 billion, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97. The stock has a 50 day simple moving average of $98.33 and a 200 day simple moving average of $102.60. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $129.18.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.03. The firm had revenue of $3.06 billion during 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 prior year, the company earned $1.72 earnings per share. On average, research analysts predict that Canadian National Railway will post 5.52 earnings per share for the current fiscal 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.