Canadian National Railway (NYSE:CNI) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,491 shares of the transportation company’s stock after acquiring an additional 310 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Canadian National Railway were worth $1,346,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Manning & Napier Advisors LLC acquired a new stake in shares of Canadian National Railway in the 2nd quarter worth about $134,096,000. Koshinski Asset Management Inc. acquired a new stake in shares of Canadian National Railway in the 1st quarter worth about $627,000. Mediolanum International Funds Ltd acquired a new position in Canadian National Railway during the 1st quarter valued at about $4,451,000. Sumitomo Life Insurance Co. acquired a new position in Canadian National Railway during the 2nd quarter valued at about $1,321,000. Finally, Maryland State Retirement & Pension System increased its stake in Canadian National Railway by 52.6% during the 1st quarter. Maryland State Retirement & Pension System now owns 30,442 shares of the transportation company’s stock valued at $3,836,000 after buying an additional 10,496 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on CNI. Scotiabank raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. Barclays raised their target price on shares of Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Sanford C. Bernstein lowered their target price on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. The Goldman Sachs Group lowered their target price on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. Finally, Benchmark reissued a “hold” rating on shares of Canadian National Railway in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $126.02.

Canadian National Railway Price Performance

Shares of CNI opened at $112.24 on Wednesday. The firm has a market cap of $70.98 billion, a PE ratio of 17.90, a PEG ratio of 2.53 and a beta of 0.88. The firm’s 50 day moving average price is $116.00 and its 200 day moving average price is $119.78. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.48 and a current ratio of 0.63. Canadian National Railway has a twelve month low of $103.96 and a twelve month high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). Canadian National Railway had a net margin of 32.00% and a return on equity of 23.58%. The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same period in the prior year, the business earned $1.31 EPS. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, research analysts expect that Canadian National Railway will post 5.5 EPS for the current fiscal year.

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.