Allianz Asset Management GmbH Lowers Holdings in Canadian National Railway Company $CNI

Allianz Asset Management GmbH decreased its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 17.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,330 shares of the transportation company’s stock after selling 5,274 shares during the quarter. Allianz Asset Management GmbH’s holdings in Canadian National Railway were worth $2,634,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CNI. GAMMA Investing LLC boosted its stake in shares of Canadian National Railway by 31.3% in the first quarter. GAMMA Investing LLC now owns 718 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 171 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Canadian National Railway by 12.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,897 shares of the transportation company’s stock valued at $2,329,000 after purchasing an additional 2,572 shares during the period. Oppenheimer & Co. Inc. boosted its stake in shares of Canadian National Railway by 22.9% in the first quarter. Oppenheimer & Co. Inc. now owns 26,358 shares of the transportation company’s stock valued at $2,569,000 after purchasing an additional 4,904 shares during the period. Bessemer Group Inc. boosted its stake in shares of Canadian National Railway by 121.5% in the first quarter. Bessemer Group Inc. now owns 78,227 shares of the transportation company’s stock valued at $7,621,000 after purchasing an additional 42,907 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of Canadian National Railway by 57.8% in the first quarter. Creative Financial Designs Inc. ADV now owns 819 shares of the transportation company’s stock valued at $80,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

Shares of CNI opened at $95.30 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82. The stock has a market capitalization of $58.96 billion, a P/E ratio of 18.33, a P/E/G ratio of 2.18 and a beta of 0.96. The company’s fifty day moving average is $95.00 and its two-hundred day moving average is $98.82. Canadian National Railway Company has a 1 year low of $91.07 and a 1 year high of $114.13.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same period last year, the company earned $1.84 earnings per share. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, sell-side analysts predict that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CNI shares. Citigroup lowered their price objective on shares of Canadian National Railway from $121.00 to $119.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Argus upgraded shares of Canadian National Railway to a “hold” rating in a research note on Friday, June 27th. Royal Bank Of Canada decreased their price target on shares of Canadian National Railway from $161.00 to $157.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Evercore ISI downgraded shares of Canadian National Railway from an “outperform” rating to an “in-line” rating and set a $105.00 price target for the company. in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company decreased their price target on shares of Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $113.90.

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.