Mount Yale Investment Advisors LLC Purchases Shares of 2,292 Canadian National Railway (NYSE:CNI)

Mount Yale Investment Advisors LLC acquired a new stake in Canadian National Railway (NYSE:CNIFree Report) (TSE:CNR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,292 shares of the transportation company’s stock, valued at approximately $233,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC bought a new position in Canadian National Railway during the 2nd quarter valued at approximately $1,725,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Canadian National Railway by 11.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 13,687 shares of the transportation company’s stock valued at $1,617,000 after acquiring an additional 1,445 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Canadian National Railway by 34.0% during the second quarter. NewEdge Advisors LLC now owns 7,464 shares of the transportation company’s stock valued at $882,000 after acquiring an additional 1,892 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Canadian National Railway by 10.0% in the second quarter. B. Riley Wealth Advisors Inc. now owns 4,573 shares of the transportation company’s stock worth $540,000 after acquiring an additional 417 shares during the period. Finally, Truist Financial Corp increased its position in Canadian National Railway by 6.4% during the 2nd quarter. Truist Financial Corp now owns 25,546 shares of the transportation company’s stock valued at $3,018,000 after purchasing an additional 1,534 shares during the period. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Price Performance

Shares of CNI opened at $105.51 on Thursday. The company has a market capitalization of $66.35 billion, a P/E ratio of 16.91, a price-to-earnings-growth ratio of 2.36 and a beta of 0.91. Canadian National Railway has a twelve month low of $98.96 and a twelve month high of $134.02. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. The firm has a 50 day moving average of $104.72 and a 200 day moving average of $111.16.

Analysts Set New Price Targets

Several research firms have recently commented on CNI. Susquehanna dropped their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company cut their price objective on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Royal Bank of Canada restated an “outperform” rating and set a $174.00 price target on shares of Canadian National Railway in a research report on Friday, January 10th. Finally, Stephens reiterated an “equal weight” rating and issued a $116.00 price objective on shares of Canadian National Railway in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.02.

View Our Latest Report on CNI

Canadian National Railway Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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