5 Best Railroad Stocks to Invest In

In this article, we will take a look at the five best railroad stocks to invest in. If you want to read our detailed analysis of the railroad industry and more stocks, then head on over to 10 Best Railroad Stocks to Invest In.

5. Canadian National Railway Company (NYSE:CNI)

Number of Hedge Fund Holders: 38

Canadian National Railway Company (NYSE:CNI) is a rail transport services provider that is headquartered in Montreal, Canada. The company serves several industries such as agriculture, mining, forestry, petroleum, and fertilizers. It has thousands of miles of track in the United States and Canada.

Canadian National Railway Company (NYSE:CNI) reported $3.7 billion in revenue and $1.32 in non-GAAP EPS for its fiscal first quarter. CIBC set a CAD$167 price target for the company in June 2022 and upgraded the shares to Outperform from Neutral.

Out of the eleven different industries that it targets for shipping, the Canadian National Railway Company (NYSE:CNI) grew its orders in all but one during its latest quarter. Since it pays out a dividend, the fact that the company’s free cash flows can increase in the future is good news for investors that love dividends. Canadian National Railway Company (NYSE:CNI)’s book value has also increased by 62% over the past ten years, its free cash flows are set to grow as well, and it has low debt levels.

Insider Monkey’s 912 hedge fund survey for Q1 2022 saw 38 firms as having bought Canadian National Railway Company (NYSE:CNI)’s shares.

Canadian National Railway Company (NYSE:CNI)’s largest investor is Chris Hohn’s TCI Fund Management which owns 36 million shares that are worth $4.9 billion.