CoreFirst Bank & Trust Acquires New Holdings in Canadian National Railway (NYSE:CNI)

CoreFirst Bank & Trust bought a new position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) during the 4th quarter, Holdings Channel reports. The institutional investor bought 903 shares of the transportation company’s stock, valued at approximately $92,000.

A number of other institutional investors have also recently bought and sold shares of CNI. Quintet Private Bank Europe S.A. bought a new stake in shares of Canadian National Railway during the fourth quarter worth $25,000. Arlington Trust Co LLC bought a new position in Canadian National Railway during the 4th quarter worth about $30,000. Lee Danner & Bass Inc. bought a new position in Canadian National Railway during the 4th quarter worth about $30,000. Addison Advisors LLC raised its stake in shares of Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 142 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 108 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CNI. Barclays dropped their target price on Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Stifel Nicolaus lifted their price objective on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, January 31st. Jefferies Financial Group upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a report on Friday, January 10th. Susquehanna lowered their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada reduced their price objective on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $124.19.

Canadian National Railway Stock Performance

Shares of NYSE CNI opened at $98.43 on Wednesday. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $61.85 billion, a P/E ratio of 19.22, a P/E/G ratio of 1.95 and a beta of 0.91. Canadian National Railway has a 12 month low of $93.64 and a 12 month high of $132.73. The stock has a 50 day moving average of $101.21 and a 200-day moving average of $106.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. As a group, equities research analysts predict that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $0.6159 dividend. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway’s dividend payout ratio is currently 47.66%.

About Canadian National Railway

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.