Canadian National Railway Sees Major Stake Adjustments

Swiss National Bank slashes its Canadian National Railway stake by 4.5% in Q4. The firm offloads 72,400 shares, retaining 1,553,200, per its latest SEC filing. This is reported by the railway transport news portal Railway Supply.

This move values its holdings at $157,647,000, equating to 0.25% ownership currently. Meanwhile, the sale highlights a tactical repositioning for the institutional investor this quarter.

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National Bank of Canada FI sharply increases its stake in the transportation company. The bank acquires 2,137,948 shares, raising its total to 6,737,322, worth $789,030,000.

Canoe Financial LP jumps in, securing a new position valued at $216,943,000 now. Similarly, Point72 Asset Management L.P. invests $159,907,000 in a fresh stake this period.

Wellington Management Group LLP grows its shares in the railway firm by 4.4%. The company buys 790,420 more shares, totaling 18,562,189, valued at $2,175,935,000.

Toronto Dominion Bank boosts its holdings by 64.5%, adding 584,832 shares now. This expansion lifts its stake to 1,492,218 shares, reaching $174,813,000 in Q3.

Canadian National Railway Retains Strong Institutional Backing

Institutional investors hold 80.74% of the transportation company’s stock, showing solid trust today. Thus, key players actively shape its market path with bold investments.

Bank of America trims its target price for the railway stock downward recently. Analysts drop it from $119.00 to $112.00, keeping a neutral rating on January 8.

Royal Bank of Canada slightly lowers its target price from $174.00 to $171.00. However, the bank maintains an outperform rating, staying positive in its January 31 report.

Stifel Nicolaus lifts its target price for the railway stock to $125.00 from $120.00. The firm assigns a buy rating, expressing optimism in its January 31 analysis.

TD Securities upgrades the railway stock to a strong-buy rating on January 13. Conversely, Loop Capital downgrades it to sell, signaling caution on February 3.

Market Consensus Suggests Moderate Optimism for Canadian National Railway

Analysts’ ratings include two sell and seven hold recommendations for the stock now. Yet, seven buy ratings and four strong-buy ratings tilt the outlook favorably.

MarketBeat data reveals an average rating of Moderate Buy for the stock today. Moreover, the consensus price target hits $124.19, hinting at growth potential soon.

Investors like Swiss National Bank tweak stakes to refine portfolios in shifting markets. Meanwhile, others raise positions, banking on the railway stock’s long-term worth.

These actions emphasize the transportation sector’s draw for institutional investors in 2025. Consequently, analyst predictions and market shifts point to a hopeful yet careful future.

Source: www.marketbeat.com

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