Canadian Natl Ry Co (CNI) Shareholder Scotia Capital INC Has Cut Position by $3.12 Million as Share Value Rose

October 13, 2017 - By Stephen Andrade

Scotia Capital Inc decreased its stake in Canadian Natl Ry Co (CNI) by 2.24% based on its latest 2017Q2 regulatory filing with the SEC. Scotia Capital Inc sold 39,015 shares as the company’s stock rose 4.48% with the market. The institutional investor held 1.70 million shares of the railroads company at the end of 2017Q2, valued at $137.67 million, down from 1.74 million at the end of the previous reported quarter. Scotia Capital Inc who had been investing in Canadian Natl Ry Co for a number of months, seems to be less bullish one the $60.45 billion market cap company. The stock rose 0.24% or $0.19 reaching $80.98. About 823,598 shares traded. Canadian National Railway (USA) (NYSE:CNI) has risen 30.03% since October 13, 2016 and is uptrending. It has outperformed by 13.33% the S&P500.

Scotia Capital Inc, which manages about $5.93 billion US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 296,761 shares to 358,961 shares, valued at $54.19M in 2017Q2, according to the filing. It also increased its holding in Waste Connections Inc by 82,040 shares in the quarter, for a total of 97,040 shares, and has risen its stake in Bank Montreal Que (NYSE:BMO).

Analysts expect Canadian National Railway (USA) (NYSE:CNI) to report $1.08 EPS on October, 24 after the close.They anticipate $0.12 EPS change or 12.50 % from last quarter’s $0.96 EPS. CNI’s profit would be $806.20M giving it 18.75 P/E if the $1.08 EPS is correct. After having $1.00 EPS previously, Canadian National Railway (USA)’s analysts see 8.00 % EPS growth.

More notable recent Canadian National Railway (USA) (NYSE:CNI) news were published by: Fool.ca which released: “Canadian National Railway Company: Cancelled Energy East Pipeline an …” on October 11, 2017, also Fool.ca with their article: “Canadian National Railway Company: Every Portfolio Should Have This Stock” published on September 23, 2017, Fool.ca published: “Buy and Forget: Canadian National Railway Company” on August 18, 2017. More interesting news about Canadian National Railway (USA) (NYSE:CNI) were released by: Benzinga.com and their article: “Riding The Rails: Canadian Train Stocks Preferred To CSX, Union Pacific” published on October 02, 2017 as well as Fool.ca‘s news article titled: “RRSP Investors: Is Canadian National Railway Company a Top Pick?” with publication date: September 12, 2017.

Canadian National Railway (USA) (NYSE:CNI) Ratings Coverage

Among 23 analysts covering Canadian National Railway (NYSE:CNI), 10 have Buy rating, 1 Sell and 12 Hold. Therefore 43% are positive. Canadian National Railway had 56 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by TD Securities on Tuesday, September 8 to “Buy”. The company was maintained on Tuesday, September 13 by Citigroup. The firm earned “Equal-Weight” rating on Monday, October 5 by Barclays Capital. As per Tuesday, July 26, the company rating was upgraded by Raymond James. The firm has “Buy” rating given on Friday, September 29 by Cowen & Co. The firm earned “Buy” rating on Friday, August 18 by Cowen & Co. The firm earned “Sector Performer” rating on Tuesday, April 26 by IBC. As per Wednesday, January 27, the company rating was downgraded by Raymond James. On Tuesday, April 26 the stock rating was downgraded by TD Securities to “Hold”. The stock has “Hold” rating by Credit Suisse on Thursday, July 13.

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