Union Bancaire Privee UBP SA Takes Position in Canadian National Railway (NYSE:CNI)

Union Bancaire Privee UBP SA purchased a new position in Canadian National Railway (NYSE:CNI) (TSE:CNR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,903 shares of the transportation company’s stock, valued at approximately $1,050,000.

Other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC increased its stake in shares of Canadian National Railway by 738.7% during the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 229 shares in the last quarter. Coastline Trust Co purchased a new stake in shares of Canadian National Railway in the 3rd quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Canadian National Railway by 48.2% in the 4th 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. Reston Wealth Management LLC bought a new position in Canadian National Railway during the 3rd quarter valued at approximately $41,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new position in Canadian National Railway during the third quarter valued at $56,000. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Trading Up 1.1 %

Shares of NYSE:CNI opened at $106.67 on Tuesday. The stock’s 50-day simple moving average is $104.79 and its two-hundred day simple moving average is $111.36. The stock has a market capitalization of $67.08 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 2.36 and a beta of 0.91. Canadian National Railway has a 52-week low of $98.96 and a 52-week high of $134.02. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64.

Analyst Ratings Changes

CNI has been the subject of several analyst reports. Bank of America reduced their price target on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Citigroup raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $126.00 to $130.00 in a report on Tuesday, November 12th. Jefferies Financial Group upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Friday, January 10th. Barclays reduced their price target on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, Canadian National Railway presently has a consensus rating of “Moderate Buy” and a consensus price target 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.