Vantage Wealth Purchases 24,176 Shares of Canadian National Railway (NYSE:CNI)

Vantage Wealth increased its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 17.8% during the fourth quarter, Holdings Channel reports. The firm owned 159,812 shares of the transportation company’s stock after buying an additional 24,176 shares during the quarter. Canadian National Railway makes up approximately 3.5% of Vantage Wealth’s portfolio, making the stock its 20th largest holding. Vantage Wealth’s holdings in Canadian National Railway were worth $16,223,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CNI. National Bank of Canada FI boosted its holdings in shares of Canadian National Railway by 46.5% during the third quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock worth $789,030,000 after acquiring an additional 2,137,948 shares during the period. Canoe Financial LP bought a new stake in shares of Canadian National Railway during the fourth quarter worth approximately $216,943,000. Point72 Asset Management L.P. bought a new stake in shares of Canadian National Railway during the third quarter worth approximately $159,907,000. Wellington Management Group LLP boosted its holdings in shares of Canadian National Railway by 4.4% during the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock worth $2,175,935,000 after acquiring an additional 790,420 shares during the period. Finally, Toronto Dominion Bank boosted its holdings in shares of Canadian National Railway by 64.5% during the third quarter. Toronto Dominion Bank now owns 1,492,218 shares of the transportation company’s stock worth $174,813,000 after acquiring an additional 584,832 shares during the period. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Price Performance

CNI stock opened at $105.59 on Friday. The stock has a market capitalization of $66.40 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 2.36 and a beta of 0.91. The company’s 50-day moving average is $104.79 and its 200-day moving average is $111.44. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. Canadian National Railway has a 1 year low of $98.96 and a 1 year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter last year, the firm earned $1.26 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities research analysts expect that Canadian National Railway will post 5.15 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CNI shares. Jefferies Financial Group upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Friday, January 10th. Evercore ISI upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Susquehanna cut their price target on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus upgraded Canadian National Railway from a “hold” rating to a “buy” rating and cut their price target for the company from $132.00 to $120.00 in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.02.

Canadian National Railway Company 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.