Petredis Investment Advisors LLC Sells 566 Shares of Canadian National Railway (NYSE:CNI)

Petredis Investment Advisors LLC decreased its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,546 shares of the transportation company’s stock after selling 566 shares during the quarter. Petredis Investment Advisors LLC’s holdings in Canadian National Railway were worth $2,289,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC boosted its holdings in Canadian National Railway by 738.7% during the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after purchasing an additional 229 shares during the last quarter. Coastline Trust Co bought a new position in shares of Canadian National Railway during the 3rd quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after buying an additional 108 shares during the last quarter. Reston Wealth Management LLC bought a new position in shares of Canadian National Railway in the third quarter valued at approximately $41,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Canadian National Railway during the third quarter valued at approximately $56,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analysts Set New Price Targets

CNI has been the topic of several research analyst reports. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a research report on Thursday, October 24th. Stifel Nicolaus raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and cut their price target for the stock from $132.00 to $120.00 in a report on Thursday, January 16th. Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $126.00 to $130.00 in a report on Tuesday, November 12th. Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, Jefferies Financial Group upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and an average target price of $124.02.

Canadian National Railway Stock Down 0.6 %

CNI opened at $105.59 on Friday. The firm has a market capitalization of $66.40 billion, a P/E ratio of 16.92, a price-to-earnings-growth ratio of 2.36 and a beta of 0.91. Canadian National Railway has a one year low of $98.96 and a one year high of $134.02. The company has a fifty day moving average price of $104.86 and a 200-day moving average price of $111.51. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49.

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