Canadian Pacific Kansas City (NYSE:CP) PT Lowered to $82.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target cut by research analysts at Stifel Nicolaus from $83.00 to $82.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 0.42% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Pacific Kansas City in a report on Monday, March 25th. TD Securities downgraded shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Evercore dropped their price objective on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Thursday. Susquehanna Bancshares downgraded shares of Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and dropped their price objective for the company from $90.00 to $87.00 in a report on Monday, January 8th. Finally, Evercore ISI decreased their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research report on Thursday. Twelve research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $96.42.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $81.66 on Thursday. The company’s 50-day moving average is $87.04 and its 200 day moving average is $79.80. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.46 and a current ratio of 0.49. The company has a market capitalization of $76.16 billion, a P/E ratio of 26.17, a price-to-earnings-growth ratio of 2.12 and a beta of 0.94. Canadian Pacific Kansas City has a fifty-two week low of $68.92 and a fifty-two week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. On average, equities research analysts forecast that Canadian Pacific Kansas City will post 3.18 earnings per share for the current year.

Institutional Trading of Canadian Pacific Kansas City

Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Canadian Pacific Kansas City by 12.1% during the first quarter. GAMMA Investing LLC now owns 1,229 shares of the transportation company’s stock valued at $108,000 after purchasing an additional 133 shares during the period. Valeo Financial Advisors LLC lifted its stake in Canadian Pacific Kansas City by 4.1% in the third quarter. Valeo Financial Advisors LLC now owns 3,556 shares of the transportation company’s stock worth $265,000 after acquiring an additional 141 shares during the period. Commerce Bank lifted its stake in Canadian Pacific Kansas City by 0.3% in the fourth quarter. Commerce Bank now owns 55,566 shares of the transportation company’s stock worth $4,393,000 after acquiring an additional 144 shares during the period. Accretive Wealth Partners LLC lifted its stake in Canadian Pacific Kansas City by 1.5% in the fourth quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock worth $753,000 after acquiring an additional 145 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in Canadian Pacific Kansas City by 0.3% in the third quarter. Commonwealth Equity Services LLC now owns 51,089 shares of the transportation company’s stock worth $3,802,000 after acquiring an additional 148 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.