Yousif Capital Management LLC Buys 525 Shares of Canadian National Railway Company $CNI

Yousif Capital Management LLC lifted its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 9.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,226 shares of the transportation company’s stock after acquiring an additional 525 shares during the period. Yousif Capital Management LLC’s holdings in Canadian National Railway were worth $648,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CNI. Montrusco Bolton Investments Inc. raised its position in shares of Canadian National Railway by 22.4% in the second quarter. Montrusco Bolton Investments Inc. now owns 265,997 shares of the transportation company’s stock worth $27,660,000 after buying an additional 48,646 shares in the last quarter. CWM LLC raised its position in shares of Canadian National Railway by 56.5% in the second quarter. CWM LLC now owns 13,353 shares of the transportation company’s stock worth $1,389,000 after buying an additional 4,823 shares in the last quarter. Franklin Parlapiano Turner & Welch LLC raised its position in shares of Canadian National Railway by 6.5% in the second quarter. Franklin Parlapiano Turner & Welch LLC now owns 72,784 shares of the transportation company’s stock worth $7,572,000 after buying an additional 4,453 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Canadian National Railway by 34.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 22,809 shares of the transportation company’s stock worth $2,373,000 after buying an additional 5,836 shares in the last quarter. Finally, Lincluden Management Ltd. raised its position in shares of Canadian National Railway by 2.2% in the second quarter. Lincluden Management Ltd. now owns 417,087 shares of the transportation company’s stock worth $43,419,000 after buying an additional 8,865 shares in the last quarter. 80.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Bank of America lowered their price objective on Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Wall Street Zen upgraded Canadian National Railway from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Canadian National Railway in a research report on Wednesday, July 23rd. Argus upgraded Canadian National Railway to a “hold” rating in a research report on Friday, June 27th. Finally, Evercore ISI downgraded Canadian National Railway from an “outperform” rating to an “in-line” rating and set a $105.00 price target on the stock. in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $113.90.

Canadian National Railway Stock Up 1.2%

Shares of NYSE:CNI opened at $96.14 on Thursday. The stock’s 50-day moving average price is $94.90 and its 200-day moving average price is $98.79. Canadian National Railway Company has a 12-month low of $91.07 and a 12-month high of $114.90. The stock has a market capitalization of $59.48 billion, a P/E ratio of 18.49, a price-to-earnings-growth ratio of 2.15 and a beta of 0.96. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same period last year, the business posted $1.84 earnings per share. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, equities analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current 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.