As Compagnie Des Chemins De Fer Nationaux Du Canada (CNI) Shares Rose, Caisse De Depot Et Placement Du Quebec Decreased Its Stake

June 29, 2018 - By Anthony Rauscher

Canadian National Railway Company (NYSE:CNI) Corporate Logo

According to 2018Q1 Securities and Exchange filling the Caisse De Depot Et Placement Du Quebec decreased its stake in Compagnie Des Chemins De Fer Nationaux Du Canada (CNI) by 1.3%. The company’s stock popped up 6.45% while Caisse De Depot Et Placement Du Quebec sold 206,600 shares. At the end of 2018Q1, the institutional investor held 15.68 million shares of the railroads company, valued at $1.14 billion, down from 15.88M at the end of the previous reported quarter. $61.68 billion is the MC of Compagnie Des Chemins De Fer Nationaux Du Canada. The stock increased 1.15% or $0.93 during the last trading session, hitting $81.86.Currently Canadian National Railway Company is uptrending after 8.49% change in last June 29, 2017. CNI has 176,123 shares volume. CNI underperformed by 4.08% the S&P500.

About $41.31 billion US Long portfolio Caisse De Depot Et Placement Du Quebec manages. It rose its stake in Northrop Grumman Corp (NYSE:NOC) by 36,800 shares to 159,169 shares, valued at $55.57M in 2018Q1, according to the filing. Caisse De Depot Et Placement Du Quebec has risen its stake in M&T Bank Corp (NYSE:MTB) and also increased its holding in Air Products & Chemicals Inc (NYSE:APD) by 190,300 shares in the quarter, for a total of 232,789 shares.

Canadian National Railway Company (NYSE:CNI) is expected to reveal earnings on July, 24., Zacks reports. Analysts predict 3.00 % diference or $1.03 from the $1 EPS from 2017. If CNI’s EPS is $1.03 the profit will reach $776.09M for 19.87 P/E. Wall Street predicts 30.38 % EPS growth as of July, 24.

For more Canadian National Railway Company (NYSE:CNI) news published briefly go to: Streetinsider.com, Globenewswire.com, Fool.ca, Fool.com or Fool.ca. The titles are as follows: “Canadian National Railway (CNI) Announces $340M Investment to Fortify Rail Infrastrucutre in BC, Canada” published on June 06, 2018, “CN locomotive engineers on Illinois Central property ratify new contract” on June 04, 2018, “3 Top Canadian Stocks to Start a Self-Directed RRSP Portfolio” with a publish date: June 28, 2018, “Stock Stories, Vol. 2: You Wouldn’t Think a Railroad Could Be This Unpredictable” and the last “5 Dividend Stocks to Hold Until 2020 and Beyond” with publication date: June 23, 2018.

Canadian National Railway Company (NYSE:CNI) Ratings Coverage

In total 10 analysts cover Canadian Railway (NYSE:CNI). “Buy” rating has 3, “Sell” are 0, while 7 are “Hold”. (NYSE:CNI) has 30% bullish analysts. 18 are the (NYSE:CNI)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. On Tuesday, March 6 the stock of Canadian National Railway Company (NYSE:CNI) earned “Underperform” rating by Bank of America. On Monday, May 14 Goldman Sachs downgraded the shares of CNI in report to “Hold” rating. In Tuesday, April 24 report Cowen & Co maintained it with “Buy” rating and $8700 target. On Friday, February 16 the firm earned “Sell” rating by Deutsche Bank. On Wednesday, January 24 the firm earned “Outperform” rating by Macquarie Research. On Monday, April 2 the company was maintained by Susquehanna. The stock rating was maintained by Susquehanna with “Hold” on Tuesday, January 23. On Tuesday, April 3 the rating was upgraded by Raymond James to “Buy”. In Tuesday, January 16 report Susquehanna maintained it with “Hold” rating and $87.0 target. On Wednesday, January 24 the firm earned “Neutral” rating by Credit Suisse.

Canadian National Railway Company (NYSE:CNI) Analyst Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.