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

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

Other institutional investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC increased its stake in shares of Canadian National Railway by 738.7% in the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after acquiring an additional 229 shares in the last quarter. Coastline Trust Co bought a new position in shares of Canadian National Railway during the third quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 108 shares during the last quarter. Reston Wealth Management LLC bought a new stake in shares of Canadian National Railway in the 3rd quarter worth approximately $41,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Canadian National Railway in the 3rd quarter worth approximately $56,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Up 0.4 %

CNI stock opened at $105.51 on Thursday. 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 has a 1-year low of $98.96 and a 1-year high of $134.02. The stock 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. The business has a fifty day moving average price of $104.72 and a 200-day moving average price of $111.16.

Wall Street Analysts Forecast Growth

CNI has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Stephens reiterated an “equal weight” rating and set a $116.00 price objective on shares of Canadian National Railway in a research note on Wednesday, October 23rd. Wells Fargo & Company lowered their price objective on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, Citigroup upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $126.00 to $130.00 in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.02.

Canadian National Railway Company 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.