Stock Yards Bank & Trust Co. Grows Position in Canadian National Railway (NYSE:CNI)

Stock Yards Bank & Trust Co. lifted its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 9.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,300 shares of the transportation company’s stock after purchasing an additional 200 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Canadian National Railway were worth $289,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. JFS Wealth Advisors LLC grew its holdings in shares of Canadian National Railway by 241.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock worth $35,000 after purchasing an additional 229 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Canadian National Railway by 121.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 202 shares during the period. Rational Advisors LLC purchased a new position in Canadian National Railway during the 3rd quarter valued at about $41,000. Crewe Advisors LLC purchased a new position in Canadian National Railway during the 3rd quarter valued at about $43,000. Finally, Keener Financial Planning LLC purchased a new position in Canadian National Railway during the 4th quarter valued at about $46,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CNI has been the subject of a number of research analyst reports. CIBC cut Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a report on Wednesday, January 10th. Susquehanna Bancshares raised their target price on Canadian National Railway from $115.00 to $143.00 and gave the company a “neutral” rating in a report on Monday, January 8th. Wells Fargo & Company raised their target price on Canadian National Railway from $110.00 to $125.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Stifel Nicolaus increased their price target on Canadian National Railway from $121.00 to $134.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Finally, Barclays increased their price target on Canadian National Railway from $127.00 to $130.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. Eighteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $147.86.

Canadian National Railway Price Performance

Shares of NYSE CNI opened at $122.80 on Thursday. The firm has a market capitalization of $78.43 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. Canadian National Railway has a fifty-two week low of $103.96 and a fifty-two week high of $134.02. The stock’s 50-day simple moving average is $129.68 and its 200-day simple moving average is $122.20. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.61.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.46 by $0.02. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Canadian National Railway had a return on equity of 23.17% and a net margin of 32.81%. As a group, equities research analysts forecast that Canadian National Railway will post 5.93 EPS for the current fiscal year.

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.