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Canadian National Rail Destination for Abnormally High Options Trading (NYSE: CNI)

The Canadian National Railway (NYSE: CNI) (TSE: CNR) traded unusually large options on Friday. Investors bought 6,141 call options on the stock. This corresponds to an increase of 4,135% compared to the average daily volume of 145 call options.

A number of institutional investors and hedge funds have recently changed their holdings in stocks. AGF Investments LLC increased its stake in Canadian National Railway by 70.9% in the fourth quarter. AGF Investments LLC now owns 258 shares in the transportation company, valued at $ 28,000, after purchasing an additional 107 shares last quarter. Venturi Wealth Management LLC increased its position in Canadian National Railway stocks by 6.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,891 shares in the transportation company, valued at $ 208,000, after acquiring an additional 109 shares last quarter. First Horizon Advisors Inc. increased its position in Canadian National Railway stocks by 10.0% in the fourth quarter. First Horizon Advisors Inc. now owns 1,263 shares in the transportation company valued at $ 137,000 after purchasing an additional 115 shares last quarter. NEXT Financial Group Inc added 2.5% to its position in Canadian National Railway stocks in the fourth quarter. NEXT Financial Group Inc now owns 5,489 shares of the transportation company valued at $ 603,000 after purchasing an additional 132 shares last quarter. Finally, Regentatlantic Capital LLC added 2.8% to its position in Canadian National Railway stocks in the fourth quarter. Regentatlantic Capital LLC now owns 5,042 shares in the transportation company valued at $ 554,000 after purchasing an additional 138 shares last quarter. 54.23% of the shares are owned by hedge funds and other institutional investors.

CNI was trading at $ 0.73 on Friday to hit $ 109.93. The company’s stock had a trading volume of 59,732 shares versus an average volume of 858,443 shares. The stock has a market cap of $ 78.08 billion, value for money of 30.91, value for money of 3.36, and a beta of 0.83. The Canadian National Railway has a 1-year low of $ 65.13 and a 1-year high of $ 116.16. The company has a leverage ratio of 0.67, a current rate of 1.05, and a fast rate of 0.85. The company’s 50-day moving average is $ 108.72 and the 200-day moving average is $ 107.48.

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The Canadian National Railway (NYSE: CNI) (TSE: CNR) last released its quarterly results on Monday, January 25th. The transportation company reported earnings per share for the quarter of $ 1.43, beating analysts’ consensus estimate of $ 1.42 by $ 0.01. The company had revenue of $ 3.66 billion for the quarter, compared to the consensus estimate of $ 3.64 billion. The Canadian National Railway achieved a return on equity of 19.55% and a net margin of 24.90%. Canadian National Railway revenue for the quarter increased 2.0% year over year. For the same quarter last year, the company posted earnings of $ 1.25 per share. Analysts as a group predict that the Canadian National Railway will achieve earnings per share of 4.1 in the current fiscal year.

The company recently decided on a quarterly dividend, which will be paid on Wednesday, March 31st. A dividend of $ 0.4803 will be paid to registered investors on Wednesday March 10th. The ex-dividend date of this dividend is Tuesday, March 9th. This equates to a dividend of $ 1.92 on an annual basis and a yield of 1.75%. This is an increase over the Canadian National Railway’s previous quarterly dividend of $ 0.43. The Canadian National Railway’s payout ratio is currently 41.00%.

CRF has been the subject of several reports from research analysts. Raymond James raised the Canadian National Railway in a research note on Tuesday, January 26th, from a “Market Perform” rating to an “Outperform” rating and raised the price target for the share from USD 145.00 to 160.00 USD raised. Cowen downgraded the Canadian National Railway from an “Outperform” rating to a “Market Perform” rating in a research note on Wednesday, January 27, and lowered the price target for the stock from $ 116.00 to $ 107.00 . Evercore ISI upgraded the Canadian National Railway from an “inline” rating to an “outperform” rating in a research note on Thursday. The Smith Barney Citigroup raised its target price for the Canadian National Railway on Monday, January 11, in a research note from USD 110.00 to USD 127.00. Finally, Desjardins lowered its target price on the Canadian National Railway from $ 150.00 to $ 146.00 and gave the company a “hold” rating in a research note on Thursday, January 28th. Sixteen stock analysts have given the stock a hold rating and seven a buy rating. The company currently has a consensus rating of “Hold” and an average price target of $ 117.00.

Profile of the Canadian National Railway Company

The Canadian National Railway Company, together with its subsidiaries, operates in the rail and related transportation business. The company’s product portfolio includes petroleum and chemicals, fertilizers, coal, metals and minerals, forest products, grains, intermodal products and automotive products for exporters, importers, retailers, farmers and manufacturers.

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