Citigroup Raises Canadian Pacific Kansas City (NYSE:CP) Price Target to $106.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective raised by investment analysts at Citigroup from $97.00 to $106.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Citigroup’s target price suggests a potential upside of 17.07% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Argus set a $105.00 price objective on shares of Canadian Pacific Kansas City in a report on Tuesday, June 16th. ATB Cormark Capital Markets cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, April 17th. National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Susquehanna reiterated a “positive” rating and set a $104.00 price objective on shares of Canadian Pacific Kansas City in a research note on Friday, June 5th. Finally, Canadian Imperial Bank of Commerce raised their target price on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus target price of $104.73.

Canadian Pacific Kansas City Stock Performance

NYSE:CP traded up $1.14 during trading hours on Thursday, reaching $90.54. The stock had a trading volume of 812,708 shares, compared to its average volume of 2,814,370. The stock has a market cap of $80.13 billion, a P/E ratio of 27.97, a price-to-earnings-growth ratio of 1.74 and a beta of 1.10. The stock has a 50 day simple moving average of $87.41 and a 200 day simple moving average of $81.99. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.57 and a current ratio of 0.67. Canadian Pacific Kansas City has a 12-month low of $68.42 and a 12-month high of $91.52.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The firm had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the prior year, the company earned $1.06 EPS. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. On average, research analysts forecast that Canadian Pacific Kansas City will post 3.75 EPS for the current fiscal year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Institutional investors have recently modified their holdings of the company. Intech Investment Management LLC grew its position in Canadian Pacific Kansas City by 16.0% during the first quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock valued at $1,493,000 after acquiring an additional 2,940 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth approximately $35,000. Sivia Capital Partners LLC bought a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter worth approximately $206,000. Prudential Financial Inc. boosted its stake in shares of Canadian Pacific Kansas City by 8.7% in the 2nd quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock valued at $411,000 after purchasing an additional 415 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Canadian Pacific Kansas City by 39.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company’s stock valued at $104,000 after purchasing an additional 369 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

About Canadian Pacific Kansas City

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.