Park Place Capital Corp Has $34,000 Holdings in Canadian National Railway (NYSE:CNI)

Park Place Capital Corp cut its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 84.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 337 shares of the transportation company’s stock after selling 1,900 shares during the period. Park Place Capital Corp’s holdings in Canadian National Railway were worth $34,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new stake in Canadian National Railway in the second quarter worth approximately $1,725,000. EverSource Wealth Advisors LLC raised its stake in Canadian National Railway by 15.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 972 shares of the transportation company’s stock valued at $113,000 after purchasing an additional 131 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Canadian National Railway by 554.0% in the 2nd quarter. Marshall Wace LLP now owns 326,979 shares of the transportation company’s stock valued at $38,626,000 after buying an additional 276,982 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Canadian National Railway by 2,034.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 47,334 shares of the transportation company’s stock valued at $5,591,000 after buying an additional 45,116 shares in the last quarter. Finally, AXA S.A. raised its stake in shares of Canadian National Railway by 18.3% in the 2nd quarter. AXA S.A. now owns 348,602 shares of the transportation company’s stock valued at $41,180,000 after buying an additional 53,976 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. TD Securities raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Wells Fargo & Company decreased their price objective on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Susquehanna reduced their target price 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. Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and increased their price target for the company from $126.00 to $130.00 in a research report on Tuesday, November 12th. Finally, Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and an average target price of $124.02.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $106.26 on Friday. The company’s fifty day simple moving average is $104.94 and its 200-day simple moving average is $111.55. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. The firm has a market cap of $66.82 billion, a PE ratio of 17.03, a P/E/G ratio of 2.34 and a beta of 0.91. Canadian National Railway has a 12 month low of $98.96 and a 12 month high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 earnings per share. Equities research analysts expect that Canadian National Railway will post 5.15 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.