Courier Capital LLC Buys New Stake in Canadian National Railway (NYSE:CNI)

Courier Capital LLC bought a new stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) during the first quarter, HoldingsChannel reports. The institutional investor bought 1,529 shares of the transportation company’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CNI. LPL Financial LLC lifted its stake in Canadian National Railway by 37.2% in the 3rd quarter. LPL Financial LLC now owns 92,014 shares of the transportation company’s stock valued at $9,968,000 after buying an additional 24,952 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in Canadian National Railway by 38.7% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,075 shares of the transportation company’s stock valued at $116,000 after buying an additional 300 shares in the last quarter. Gotham Asset Management LLC lifted its stake in Canadian National Railway by 129.6% in the 3rd quarter. Gotham Asset Management LLC now owns 12,311 shares of the transportation company’s stock valued at $1,334,000 after buying an additional 6,950 shares in the last quarter. Dempze Nancy E lifted its stake in Canadian National Railway by 1.1% in the 3rd quarter. Dempze Nancy E now owns 31,146 shares of the transportation company’s stock valued at $3,374,000 after buying an additional 336 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Canadian National Railway by 5.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,067,300 shares of the transportation company’s stock worth $1,421,649,000 after purchasing an additional 625,500 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

CNI has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price target on Canadian National Railway from $121.00 to $134.00 and gave the stock a “hold” rating in a research note on Friday, April 12th. StockNews.com downgraded Canadian National Railway from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Barclays raised their target price on Canadian National Railway from $127.00 to $130.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and raised their target price for the company from $140.00 to $145.00 in a research note on Wednesday, April 10th. Finally, Benchmark restated a “hold” rating on shares of Canadian National Railway in a research note on Wednesday, April 24th. Eighteen research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Canadian National Railway currently has an average rating of “Hold” and a consensus price target of $148.95.

Canadian National Railway Stock Performance

NYSE CNI traded up $0.14 during trading hours on Friday, reaching $118.13. The company’s stock had a trading volume of 966,391 shares, compared to its average volume of 1,068,443. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 0.84. The business has a 50-day simple moving average of $124.26 and a 200 day simple moving average of $126.22. Canadian National Railway has a 52 week low of $103.96 and a 52 week high of $134.02. The stock has a market cap of $74.96 billion, a PE ratio of 18.87, a PEG ratio of 2.07 and a beta of 0.90.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%. The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Equities research analysts predict that Canadian National Railway will post 5.9 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.625 per share. The ex-dividend date is Friday, June 7th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.12%. Canadian National Railway’s dividend payout ratio (DPR) is presently 39.07%.

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.