RWA Wealth Partners LLC Makes New $4.72 Million Investment in Canadian National Railway (NYSE:CNI)

RWA Wealth Partners LLC purchased a new stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 37,556 shares of the transportation company’s stock, valued at approximately $4,718,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. JFS Wealth Advisors LLC boosted its stake in Canadian National Railway by 241.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 229 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Canadian National Railway by 121.0% in the third quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 202 shares during the period. Rational Advisors LLC bought a new stake in shares of Canadian National Railway in the third quarter valued at approximately $41,000. Crewe Advisors LLC acquired a new stake in shares of Canadian National Railway in the third quarter worth $43,000. Finally, Keener Financial Planning LLC bought a new position in Canadian National Railway during the fourth quarter worth $46,000. 80.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on CNI shares. Stephens raised their price target on shares of Canadian National Railway from $122.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 4th. Susquehanna lowered their price target on Canadian National Railway from $143.00 to $140.00 and set a “neutral” rating on the stock in a research note on Thursday, March 28th. Citigroup upped their price target on Canadian National Railway from $121.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Susquehanna Bancshares lifted their price objective on Canadian National Railway from $115.00 to $143.00 and gave the stock a “neutral” rating in a report on Monday, January 8th. Finally, Jefferies Financial Group started coverage on Canadian National Railway in a research report on Monday, April 8th. They set a “hold” rating and a $130.00 price objective on the stock. Eighteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian National Railway has a consensus rating of “Hold” and a consensus price target of $147.52.

Canadian National Railway Stock Up 1.3 %

NYSE CNI opened at $129.32 on Tuesday. The stock’s 50 day simple moving average is $129.72 and its 200 day simple moving average is $122.04. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.61 and a quick ratio of 0.47. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02. The firm has a market cap of $82.60 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 2.22 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.02. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%. As a group, sell-side analysts forecast that Canadian National Railway will post 5.94 earnings per share for the current fiscal year.

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.