D.A. Davidson & CO. Has $247,000 Stock Position in Canadian National Railway Company $CNI

D.A. Davidson & CO. boosted its holdings in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 5.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,374 shares of the transportation company’s stock after buying an additional 119 shares during the period. D.A. Davidson & CO.’s holdings in Canadian National Railway were worth $247,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in Canadian National Railway by 31.3% in the first quarter. GAMMA Investing LLC now owns 718 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 171 shares in the last quarter. Koshinski Asset Management Inc. grew its stake in Canadian National Railway by 4.9% in the first quarter. Koshinski Asset Management Inc. now owns 4,519 shares of the transportation company’s stock valued at $440,000 after purchasing an additional 212 shares in the last quarter. Mather Group LLC. grew its stake in Canadian National Railway by 3.4% in the first quarter. Mather Group LLC. now owns 4,351 shares of the transportation company’s stock valued at $424,000 after purchasing an additional 142 shares in the last quarter. Keybank National Association OH grew its stake in Canadian National Railway by 6.5% in the first quarter. Keybank National Association OH now owns 24,640 shares of the transportation company’s stock valued at $2,401,000 after purchasing an additional 1,508 shares in the last quarter. Finally, Novem Group grew its stake in Canadian National Railway by 33.1% in the first quarter. Novem Group now owns 10,633 shares of the transportation company’s stock valued at $1,036,000 after purchasing an additional 2,643 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Price Performance

NYSE CNI opened at $93.49 on Friday. Canadian National Railway Company has a twelve month low of $91.07 and a twelve month high of $114.13. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82. The stock has a market capitalization of $57.84 billion, a PE ratio of 17.98, a P/E/G ratio of 2.13 and a beta of 0.96. The stock has a 50-day simple moving average of $95.02 and a 200 day simple moving average of $98.75.

Analyst Upgrades and Downgrades

CNI has been the topic of a number of recent research reports. Barclays lowered their target price on Canadian National Railway from $99.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 2nd. Raymond James Financial upgraded Canadian National Railway from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Canadian National Railway in a research note on Wednesday, July 23rd. Evercore ISI downgraded Canadian National Railway from an “outperform” rating to an “in-line” rating and set a $105.00 price target for the company. in a research note on Wednesday, July 23rd. Finally, Zacks Research downgraded Canadian National Railway from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $113.90.

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.