NBT Bank N.A. Acquires New Stake in Canadian National Railway Company $CNI

NBT Bank N.A. acquired a new stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,180 shares of the transportation company’s stock, valued at approximately $735,000.

A number of other institutional investors have also recently made changes to their positions in CNI. Pin Oak Investment Advisors Inc. acquired a new stake in Canadian National Railway during the 2nd quarter worth approximately $27,000. Root Financial Partners LLC purchased a new position in Canadian National Railway in the 3rd quarter valued at approximately $30,000. MBM Wealth Consultants LLC acquired a new position in shares of Canadian National Railway in the first quarter worth $37,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Canadian National Railway in the first quarter worth $46,000. Finally, Quintet Private Bank Europe S.A. grew its stake in shares of Canadian National Railway by 100.0% in the third quarter. Quintet Private Bank Europe S.A. now owns 500 shares of the transportation company’s stock worth $60,000 after acquiring an additional 250 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CNI shares. Stephens raised Canadian National Railway to a “hold” rating in a research report on Wednesday, July 8th. Weiss Ratings upgraded Canadian National Railway from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Citizens Jmp initiated coverage on Canadian National Railway in a research note on Wednesday, July 15th. They set a “market perform” rating for the company. Benchmark restated a “hold” rating on shares of Canadian National Railway in a report on Monday, July 27th. Finally, Susquehanna cut their price target on Canadian National Railway from $142.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, October 2nd. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $137.49.

Canadian National Railway Trading Down 1.5%

Shares of NYSE:CNI opened at $123.08 on Friday. The company has a market cap of $74.16 billion, a PE ratio of 21.82, a P/E/G ratio of 2.24 and a beta of 0.96. Canadian National Railway Company has a 52 week low of $90.74 and a 52 week high of $131.55. The company has a current ratio of 0.87, a quick ratio of 0.61 and a debt-to-equity ratio of 0.99. The company’s 50 day moving average is $121.92 and its two-hundred day moving average is $119.69.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Friday, July 24th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.11. The business had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.26 billion. Canadian National Railway had a return on equity of 22.22% and a net margin of 26.92%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.87 EPS. Equities analysts predict that Canadian National Railway Company will post 5.79 earnings per share for the current fiscal year.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a transportation and logistics company that operates a major freight railway network across Canada and the United States. The company provides rail, intermodal and related transportation services for shippers, connecting production and consumption centers with ports and distribution hubs.

CN transports a broad range of commodities and manufactured goods, including petroleum and chemicals, grain and fertilizers, forest products, metals and minerals, coal, automotive products and consumer goods.