Kidder Stephen W buys $7.2 Million stake in Canadian National Railway (USA) (CNI)

Canadian National Railway (USA) (CNI) : Kidder Stephen W scooped up 6,235 additional shares in Canadian National Railway (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 27, 2016. The investment management firm now holds a total of 119,682 shares of Canadian National Railway (USA) which is valued at $7.2 Million.Canadian National Railway (USA) makes up approximately 2.90% of Kidder Stephen W’s portfolio.

Other Hedge Funds, Including , Dempze Nancy E boosted its stake in CNI in the latest quarter, The investment management firm added 3,650 additional shares and now holds a total of 21,712 shares of Canadian National Railway (USA) which is valued at $1.3 Million. Canadian National Railway (USA) makes up approx 2.27% of Dempze Nancy E’s portfolio. Fiduciary Trust Co added CNI to its portfolio by purchasing 21,474 company shares during the most recent quarter which is valued at $1.3 Million. Canadian National Railway (USA) makes up approx 0.04% of Fiduciary Trust Co’s portfolio.Hsbc Holdings Plc reduced its stake in CNI by selling 8,943 shares or 2.31% in the most recent quarter. The Hedge Fund company now holds 378,651 shares of CNI which is valued at $22.3 Million. Canadian National Railway (USA) makes up approx 0.08% of Hsbc Holdings Plc’s portfolio.Schafer Cullen Capital Management Inc reduced its stake in CNI by selling 990 shares or 1.19% in the most recent quarter. The Hedge Fund company now holds 82,233 shares of CNI which is valued at $4.8 Million. Canadian National Railway (USA) makes up approx 0.06% of Schafer Cullen Capital Management Inc’s portfolio.Credit Agricole S A reduced its stake in CNI by selling 68,766 shares or 10.75% in the most recent quarter. The Hedge Fund company now holds 570,756 shares of CNI which is valued at $33.5 Million. Canadian National Railway (USA) makes up approx 0.16% of Credit Agricole S A’s portfolio.

Canadian National Railway (USA) opened for trading at $60.43 and hit $60.7 on the upside on Tuesday, eventually ending the session at $60.6, with a gain of 0.77% or 0.4656 points. The heightened volatility saw the trading volume jump to 8,36,153 shares. Company has a market cap of $47,292 M.

On the company’s financial health, Canadian National Railway (USA) reported $1.00 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $0.93. The company had revenue of $2964.00 million for the quarter, compared to analysts expectations of $3010.69 million. The company’s revenue was down -4.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.86 EPS.

Many Wall Street Analysts have commented on Canadian National Railway (USA). Canadian National Railway (USA) was Initiated by Credit Agricole to “Sell” on May 19, 2016. Company shares were Reiterated by Cowen on Apr 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 69 from a previous price target of $61.50 .Company shares were Reiterated by RBC Capital Mkts on Apr 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 90 from a previous price target of $89 .

Canadian National Railway Company (CN) is engaged in the rail and related transportation business. CN’s network and connections to all Class I railroads provide its customers with access to all three North American Free Trade Agreement (NAFTA) nations. CN derives its freight revenue from seven commodity groups representing a portfolio of goods transported between a range of origins and destinations. The Company’s network of approximately 20000 route miles of track spans Canada and mid-America from the Atlantic and Pacific oceans to the Gulf of Mexico serving the ports of Vancouver Prince Rupert (British Columbia) Montreal Halifax New Orleans and Mobile (Alabama) and the metropolitan areas of Toronto Buffalo Chicago Detroit Duluth (Minnesota)/Superior (Wisconsin) Green Bay (Wisconsin) Minneapolis/St. Paul Memphis and Jackson (Mississippi) with connections to all points in North America.

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