Wealth management firm B. Riley Wealth Advisors reduces stake in Canadian National Railways (CNI)

Financial Advisors


In recent news, B. Riley Wealth Advisors, a long-established wealth manager, revealed that it had significantly reduced its stake in Canadian National Railways (CNI). B. Riley Wealth Advisors’ stake in Canadian Railways fell 30.1% during the fourth quarter, according to the company’s latest Form 13F filed with the Securities and Exchange Commission. This reduction equates to the sale of 1,325 of his shares, leaving the company with ownership of his 3,081 shares.

As of the filing date, these remaining shares are valued at approximately $367,000. The move by B. Riley Wealth Advisors Inc. represents a change in investment strategy or an adjustment made based on a careful assessment of current market conditions and Canadian Railways-specific performance metrics.

Canadian National Railway Company is a prominent player in the rail and related transportation business sector. The Company and its subsidiaries provide a wide range of rail services, including equipment provision, custom brokerage services, transshipment and distribution solutions, business development and real estate provision, as well as private vehicle storage services. In addition, Canadian Railways offers temperature-controlled cargo handling, strategic port partnerships for efficient transportation operations, comprehensive logistics park solutions, customs clearance services tailored to customer needs, and trucks for seamless transportation logistics. We provide multi-modal services such as transportation services, containerized grain transportation facilities. .

The stock market’s reaction to the announcement was notable. Following the disclosure by B. Riley Wealth Advisors, Inc., shares of Canadian National Railways, which is listed on the New York Stock Exchange, opened at $121.08 on Friday. To gain more insight into the overall performance of stocks over time, it is essential to consider other factors such as moving averages. . Notably, the CNI stock’s 50-day moving average is $117.91, while its 200-day moving average is slightly higher at $118.68.

In terms of market capitalization figures derived from recent data, Canadian Railways boasts a staggering $80.15 billion. Considering the company’s financial health, it’s imperative to look at the 20.08 times price-to-earnings ratio (PER). This indicates that investors are willing to pay about 20 times the earnings value per share they hold. Furthermore, a PER of 2.46 suggests that market participants expect future earnings growth given the company’s current valuation.

Beta is often used as a useful metric to assess stock volatility. In this case, Canadian Railways has a beta factor of 0.90, indicating relatively low volatility compared to the market as a whole. Additionally, the company has been volatile in its stock price over the past 12 months, with a low of $103.79 and a high of $129.89.

From a liquidity measurement perspective, Canadian Railways shows satisfactory ratios despite its complex business operations. Dividing the current assets by the current liabilities to calculate the quick ratio gives a value of 0.57. In addition, Canadian Railways has a current ratio of 0.74, which measures its ability to meet its short-term obligations by comparing total current assets to total current liabilities.

It is also important to analyze a company’s leveraged position using relevant financial metrics such as debt-to-equity ratio. According to recent data provided by Canadian Railways, the company has a debt-to-equity ratio of 0.69.

In conclusion, B Riley Wealth Advisors’ decision to reduce its holding of Canadian Railways shares highlights emerging trends within the transportation industry and will continue to evolve as market dynamics and opportunities in other sectors evolve. It may indicate a change in investment strategy. By taking a closer look at key financial metrics surrounding the Canadian National Railway Company, including stock performance indicators and liquidity ratios, investors will gain insight into the potential risks and rewards associated with holding this stock in their portfolios. I can.

Canadian Railways Company

CNI

strong buy

Updated: 2023/03/07

target price

the current $121.18

consensus $127.11


low $111.40

Median $127.00

expensive $143.23

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social emotions

No social sentiment data found for this stock

Analyst Rating

Analyst/Corporate evaluation

Benjamin Nolan
Stifel Nicholas

sell

Bascom Majors
Susquehanna

buy
wells fargo sell

Christian Weatherby
state bank

buy
stevens buy

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Canadian Railways Financial Success and Investor Attention Spark Analyst Report


Canadian National Railways (CNI) has recently increased and decreased its stake in the company, which has attracted the attention of many hedge funds and institutional investors. Notable additions include New England Capital Financial Advisors LLC, Armstrong Advisory Group Inc., CoreCap Advisors LLC, Accurate Wealth Management LLC, and Massmutual Trust Co. FSB ADV. These investments ranged from $25,000 to $45,000 and collectively contribute to institutional ownership of 64.89% of the company’s stock.

Following these developments, several analyst reports were published on CNI. Susquehanna raised its price target to $116.00 from $114.00 and Desjardins adjusted it to C$180.00 from C$178.00. Meanwhile, Wells Fargo & Co. raised its price target from $115.00 to $125.00, and Citigroup downgraded CNI from Buy to Neutral, with a price target of $125.00 (down from $139). Fixed. Bank of America also lowered its price target on CNI shares from $137.00 to $134.00.

These various recommendations resulted in Canadian Railways’ average rating of “hold” and an average price target of $143.67, according to Bloomberg.com sources.

Canadian Railways is a company that, together with its subsidiaries, operates a rail and related transportation business sector.

Services provided by the company include equipment provision, custom brokerage services, transshipment and distribution support, business development efforts including real estate ventures, and rail-related activities such as private vehicle storage services.
In addition to that, Canadian Railways offers an intermodal transport service consisting of a port partnership support system plus temperature-controlled cargo handling capabilities. For example, transshipment operations are performed by CNR at various locations around the world, logistics parks serve warehousing purposes, and customs brokerage services facilitate the trade process.
In addition, CNR also provides trucking services and manages the transportation of grains in containers for efficient logistics management.

These achievements were reflected in Canadian Railways’ final quarterly results announcement on April 24. The transportation giant not only beat analyst expectations with earnings per share of $1.35, compared with consensus expectations of $1.26, but also beat expectations with earnings of $3.19 billion. Remarkably, Canadian Railways recorded a net profit of 30.61% for her, returning 25% of its capital.

Following its financial success, Canadian Railways recently declared a quarterly dividend payment on record as a shareholder through June 9. These shareholders received a dividend of $0.5835 per share for him, giving him an annualized payout ratio of 39.14% and a dividend yield of 1.93% for him.

Overall, Canadian Railways has shown strong financial and operational performance and has been the subject of various analyst reports on its growth potential in the market, while receiving significant attention from institutional investors. increase.





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