Sone Capital Management LLC Makes New Investment in Canadian National Railway (NYSE:CNI)

Sone Capital Management LLC purchased a new stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 19,261 shares of the transportation company’s stock, valued at approximately $1,956,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Shell Asset Management Co. lifted its stake in Canadian National Railway by 0.5% in the 4th quarter. Shell Asset Management Co. now owns 21,387 shares of the transportation company’s stock valued at $2,171,000 after purchasing an additional 100 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in Canadian National Railway by 48.2% in the fourth 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. Voya Investment Management LLC lifted its position in shares of Canadian National Railway by 1.4% in the fourth quarter. Voya Investment Management LLC now owns 7,953 shares of the transportation company’s stock valued at $807,000 after buying an additional 112 shares during the last quarter. Crestwood Advisors Group LLC boosted its stake in shares of Canadian National Railway by 4.2% during the 4th quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company’s stock worth $286,000 after acquiring an additional 114 shares during the period. Finally, Lowe Brockenbrough & Co. Inc. increased its holdings in shares of Canadian National Railway by 1.2% during the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company’s stock worth $1,167,000 after acquiring an additional 139 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CNI shares. Citigroup cut their price target on Canadian National Railway from $122.00 to $114.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Stephens lifted their target price on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Evercore ISI decreased their price target on shares of Canadian National Railway from $119.00 to $114.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Bank of America raised their price objective on shares of Canadian National Railway from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Loop Capital cut Canadian National Railway from a “hold” rating to a “sell” rating in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.52.

Canadian National Railway Stock Down 0.0%

NYSE CNI opened at $108.08 on Monday. The business has a fifty day moving average price of $98.79 and a two-hundred day moving average price of $102.47. The stock has a market capitalization of $67.93 billion, a PE ratio of 21.11, a PEG ratio of 1.95 and a beta of 0.97. Canadian National Railway has a fifty-two week low of $91.65 and a fifty-two week high of $129.18. 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 (NYSE:CNI) (TSE:CNR) last released 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 return on equity of 22.48% and a net margin of 26.09%. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same period last year, the firm posted $1.72 earnings per share. Canadian National Railway’s revenue was up 3.6% compared to the same quarter last year. Equities analysts expect that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway 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.