Canadian Pacific Kansas City (NYSE:CP) Downgraded to Hold Rating by Natl Bk Canada

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was downgraded by analysts at Natl Bk Canada from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Several other research firms have also recently commented on CP. Citigroup set a $88.00 price target on shares of Canadian Pacific Kansas City and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. Susquehanna set a $87.00 price objective on Canadian Pacific Kansas City in a research report on Thursday, October 30th. Barclays set a $90.00 target price on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Finally, Evercore ISI decreased their target price on Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus price target of $92.36.

Canadian Pacific Kansas City Stock Down 0.9%

Shares of CP opened at $71.58 on Thursday. The stock has a market capitalization of $64.22 billion, a PE ratio of 21.82, a P/E/G ratio of 1.58 and a beta of 1.10. Canadian Pacific Kansas City has a 1 year low of $66.49 and a 1 year high of $83.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63. The company’s 50-day simple moving average is $72.52 and its 200-day simple moving average is $75.05.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter last year, the business posted $0.99 earnings per share. Analysts forecast that Canadian Pacific Kansas City will post 3.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at approximately $1,012,065,000. JPMorgan Chase & Co. raised its position in Canadian Pacific Kansas City by 87.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 16,000,064 shares of the transportation company’s stock valued at $1,268,325,000 after purchasing an additional 7,454,810 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Canadian Pacific Kansas City by 281.0% during the 2nd quarter. Fisher Asset Management LLC now owns 5,431,316 shares of the transportation company’s stock worth $430,540,000 after purchasing an additional 4,005,942 shares during the period. Invesco Ltd. grew its position in Canadian Pacific Kansas City by 18.3% during the 3rd quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company’s stock worth $1,722,841,000 after purchasing an additional 3,585,030 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Canadian Pacific Kansas City by 31.3% during the 2nd quarter. Franklin Resources Inc. now owns 11,611,625 shares of the transportation company’s stock worth $921,881,000 after purchasing an additional 2,765,424 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.