Swiss National Bank Purchases 367,100 Shares of Canadian National Railway Company $CNI

Swiss National Bank lifted its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 26.3% during the 1st quarter, Holdings Channel reports. The fund owned 1,761,000 shares of the transportation company’s stock after acquiring an additional 367,100 shares during the quarter. Swiss National Bank’s holdings in Canadian National Railway were worth $180,986,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CNI. High Point Wealth Management LLC acquired a new stake in Canadian National Railway during the 4th quarter valued at $27,000. Curio Wealth LLC acquired a new position in Canadian National Railway in the fourth quarter worth $31,000. MidFirst Bank acquired a new position in Canadian National Railway in the fourth quarter worth $31,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Canadian National Railway by 378.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company’s stock worth $35,000 after purchasing an additional 280 shares during the last quarter. Finally, MBM Wealth Consultants LLC bought a new stake in shares of Canadian National Railway during the first quarter worth $37,000. 80.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Evercore raised Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 price target for the company in a report on Thursday, June 25th. National Bank Financial set a $124.00 price objective on shares of Canadian National Railway in a report on Thursday, June 25th. Bank of America raised their price objective on shares of Canadian National Railway from $132.00 to $134.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Canadian Imperial Bank of Commerce boosted their target price on shares of Canadian National Railway from C$182.00 to C$185.00 and gave the stock an “outperformer” rating in a research note on Thursday, June 25th. Finally, Citigroup upped their target price on shares of Canadian National Railway from $124.00 to $141.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Canadian National Railway has a consensus rating of “Hold” and an average target price of $132.12.

Canadian National Railway Stock Up 0.0%

NYSE CNI opened at $129.07 on Monday. The stock has a market capitalization of $78.22 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 2.46 and a beta of 0.96. Canadian National Railway Company has a 52 week low of $90.74 and a 52 week high of $129.52. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67. The stock has a fifty day moving average of $118.48 and a 200-day moving average of $109.70.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.31. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.85 earnings per share. On average, equities research analysts forecast that Canadian National Railway Company will post 5.66 EPS for the current year.

Canadian National Railway Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were issued a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, June 9th. Canadian National Railway’s payout ratio is currently 48.55%.

Canadian National Railway Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.