Canadian Pacific Kansas City (NYSE:CP) Given New $86.00 Price Target at Citigroup

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target cut by research analysts at Citigroup from $88.00 to $86.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Citigroup’s target price would suggest a potential upside of 16.43% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Barclays set a $93.00 target price on shares of Canadian Pacific Kansas City in a report on Thursday. Royal Bank Of Canada restated an “outperform” rating and issued a $124.00 price target (down previously from $127.00) on shares of Canadian Pacific Kansas City in a report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Morgan Stanley upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Finally, Susquehanna set a $87.00 target price on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average price target of $92.00.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP traded down $1.98 during midday trading on Friday, reaching $73.87. The stock had a trading volume of 1,829,626 shares, compared to its average volume of 2,416,701. The company has a market capitalization of $66.30 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 1.59 and a beta of 1.10. Canadian Pacific Kansas City has a 12-month low of $66.49 and a 12-month high of $83.65. The stock has a 50-day moving average of $73.04 and a 200-day moving average of $74.27. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.01). The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.88% and a net margin of 27.49%.During the same period in the prior year, the company posted $0.99 EPS. As a group, research analysts anticipate that Canadian Pacific Kansas City will post 3.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of hedge funds have recently modified their holdings of the business. Frank Rimerman Advisors LLC lifted its stake in Canadian Pacific Kansas City by 0.8% during the second quarter. Frank Rimerman Advisors LLC now owns 17,654 shares of the transportation company’s stock worth $1,399,000 after purchasing an additional 139 shares in the last quarter. Cromwell Holdings LLC lifted its holdings in Canadian Pacific Kansas City by 8.1% during the 4th quarter. Cromwell Holdings LLC now owns 1,936 shares of the transportation company’s stock worth $143,000 after buying an additional 145 shares during the last quarter. Accretive Wealth Partners LLC boosted its holdings in Canadian Pacific Kansas City by 1.3% in the second quarter. Accretive Wealth Partners LLC now owns 11,806 shares of the transportation company’s stock valued at $936,000 after purchasing an additional 157 shares in the last quarter. Fortune Financial Advisors LLC grew its position in shares of Canadian Pacific Kansas City by 1.2% in the 4th quarter. Fortune Financial Advisors LLC now owns 13,623 shares of the transportation company’s stock valued at $1,003,000 after buying an additional 158 shares during the last quarter. Finally, Brookstone Capital Management lifted its position in Canadian Pacific Kansas City by 1.2% in the fourth quarter. Brookstone Capital Management now owns 14,355 shares of the transportation company’s stock valued at $1,057,000 after acquiring an additional 176 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.