NBT Bank N.A. Purchases 6,180 Shares of Canadian National Railway Company $CNI

NBT Bank N.A. purchased a new stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) in the 3rd quarter, HoldingsChannel reports. The fund purchased 6,180 shares of the transportation company’s stock, valued at approximately $735,000.

Other hedge funds also recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp acquired a new position in shares of Canadian National Railway during the first quarter worth about $59,507,000. Bank of New York Mellon Corp acquired a new stake in shares of Canadian National Railway in the second quarter valued at about $65,922,000. Canoe Financial LP grew its stake in shares of Canadian National Railway by 17.2% in the first quarter. Canoe Financial LP now owns 3,426,466 shares of the transportation company’s stock valued at $352,527,000 after buying an additional 502,424 shares in the last quarter. Swiss National Bank grew its stake in shares of Canadian National Railway by 26.3% in the first quarter. Swiss National Bank now owns 1,761,000 shares of the transportation company’s stock valued at $180,986,000 after buying an additional 367,100 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of Canadian National Railway by 5.8% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 4,546,356 shares of the transportation company’s stock valued at $532,519,000 after buying an additional 248,401 shares during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Stock Down 1.5%

Shares of Canadian National Railway stock opened at $123.08 on Friday. The business has a 50-day moving average of $121.92 and a 200-day moving average of $119.69. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.87 and a quick ratio of 0.61. The company has a market capitalization of $74.16 billion, a PE ratio of 21.82, a P/E/G ratio of 2.24 and a beta of 0.96. Canadian National Railway Company has a 1-year low of $90.74 and a 1-year high of $131.55.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Friday, July 24th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.11. Canadian National Railway had a return on equity of 22.22% and a net margin of 26.92%. The business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period in the previous year, the company earned $1.87 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, equities analysts forecast that Canadian National Railway Company will post 5.79 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CNI shares. Stephens raised Canadian National Railway to a “hold” rating in a research report on Wednesday, July 8th. Wells Fargo & Company upped their price target on Canadian National Railway from $135.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Raymond James Financial downgraded shares of Canadian National Railway from a “moderate buy” rating to a “hold” rating in a research report on Monday, October 19th. Bank of America dropped their price objective on shares of Canadian National Railway from $146.00 to $143.00 and set a “buy” rating on the stock in a research note on Wednesday, September 23rd. Finally, Citizens Jmp assumed coverage on shares of Canadian National Railway in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. Nine equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $137.49.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a transportation and logistics company that operates a major freight railway network across Canada and the United States. The company provides rail, intermodal and related transportation services for shippers, connecting production and consumption centers with ports and distribution hubs.

CN transports a broad range of commodities and manufactured goods, including petroleum and chemicals, grain and fertilizers, forest products, metals and minerals, coal, automotive products and consumer goods.