Forsta AP Fonden Purchases 500 Shares of Canadian National Railway (NYSE:CNI)

Forsta AP Fonden increased its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 139,700 shares of the transportation company’s stock after acquiring an additional 500 shares during the period. Forsta AP Fonden’s holdings in Canadian National Railway were worth $14,179,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in shares of Canadian National Railway by 4.4% in the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock worth $2,175,935,000 after acquiring an additional 790,420 shares during the period. National Bank of Canada FI grew its holdings in Canadian National Railway by 46.5% during the third quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock valued at $789,030,000 after purchasing an additional 2,137,948 shares during the period. Fiera Capital Corp grew its holdings in Canadian National Railway by 0.7% during the third quarter. Fiera Capital Corp now owns 5,482,524 shares of the transportation company’s stock valued at $642,828,000 after purchasing an additional 39,063 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Canadian National Railway by 5.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company’s stock valued at $464,002,000 after purchasing an additional 202,303 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Canadian National Railway by 6.6% during the third quarter. Geode Capital Management LLC now owns 2,562,480 shares of the transportation company’s stock valued at $302,895,000 after purchasing an additional 158,757 shares during the period. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Price Performance

NYSE:CNI opened at $105.51 on Thursday. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $66.35 billion, a P/E ratio of 16.91, a P/E/G ratio of 2.36 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. The business’s 50-day moving average is $104.72 and its 200 day moving average is $111.16.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Stifel Nicolaus raised Canadian National Railway from a “hold” rating to a “buy” rating and cut their price target for the company from $132.00 to $120.00 in a report on Thursday, January 16th. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Bank of America cut their price target on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Citigroup upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $126.00 to $130.00 in a research report on Tuesday, November 12th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $174.00 price objective on shares of Canadian National Railway in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.02.

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.