Wesbanco Bank Inc. Invests $227,000 in Canadian National Railway (NYSE:CNI)

Wesbanco Bank Inc. acquired a new position in Canadian National Railway (NYSE:CNI) (TSE:CNR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,236 shares of the transportation company’s stock, valued at approximately $227,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fortitude Family Office LLC grew its position 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 buying an additional 229 shares during the last quarter. Coastline Trust Co purchased a new position in shares of Canadian National Railway in the 3rd quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. grew its position 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 purchased a new position in shares of Canadian National Railway in the 3rd quarter worth approximately $41,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new position in shares of Canadian National Railway in the 3rd quarter worth approximately $56,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

CNI opened at $105.59 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. The firm has a fifty day moving average price of $104.86 and a 200 day moving average price of $111.51. Canadian National Railway has a 1 year low of $98.96 and a 1 year high of $134.02. The stock has a market cap of $66.40 billion, a P/E ratio of 16.92, a P/E/G ratio of 2.36 and a beta of 0.91.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CNI shares. Stifel Nicolaus raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and cut their price objective for the stock from $132.00 to $120.00 in a research report on Thursday, January 16th. Veritas upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $126.00 to $130.00 in a research note on Tuesday, November 12th. TD Securities upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Finally, Barclays lowered their target price on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.