Canadian Pacific Kansas City (NYSE:CP) Price Target Raised to C$143.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target hoisted by investment analysts at Canadian Imperial Bank of Commerce from C$140.00 to C$143.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “outperformer” rating on the transportation company’s stock.

Several other analysts have also recently weighed in on the stock. Scotiabank cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Susquehanna reaffirmed a “positive” rating and set a $104.00 target price on shares of Canadian Pacific Kansas City in a report on Friday, June 5th. Argus set a $105.00 target price on Canadian Pacific Kansas City in a report on Tuesday, June 16th. Citigroup upped their price target on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.30.

Canadian Pacific Kansas City Trading Up 3.0%

NYSE CP traded up $2.55 during trading hours on Thursday, reaching $87.33. The company’s stock had a trading volume of 2,005,725 shares, compared to its average volume of 2,823,903. The firm has a fifty day simple moving average of $86.51 and a 200-day simple moving average of $81.04. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57. Canadian Pacific Kansas City has a 52 week low of $68.42 and a 52 week high of $91.52. The stock has a market cap of $77.29 billion, a P/E ratio of 26.95, a P/E/G ratio of 1.83 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the firm earned $1.06 earnings per share. The company’s revenue was down 2.5% compared to the same quarter last year. Equities analysts forecast that Canadian Pacific Kansas City will post 3.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Large investors have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its stake in Canadian Pacific Kansas City by 1.3% in the fourth quarter. Invesco Ltd. now owns 23,431,949 shares of the transportation company’s stock valued at $1,725,294,000 after buying an additional 303,464 shares during the period. FIL Ltd increased its stake in shares of Canadian Pacific Kansas City by 20.2% in the 4th quarter. FIL Ltd now owns 16,666,777 shares of the transportation company’s stock valued at $1,227,045,000 after acquiring an additional 2,804,686 shares in the last quarter. Norges Bank bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at $978,558,000. Geode Capital Management LLC lifted its position in shares of Canadian Pacific Kansas City by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 8,821,358 shares of the transportation company’s stock valued at $661,339,000 after acquiring an additional 461,724 shares during the period. Finally, Cibc World Market Inc. lifted its position in shares of Canadian Pacific Kansas City by 21.9% during the 4th quarter. Cibc World Market Inc. now owns 8,433,042 shares of the transportation company’s stock valued at $620,925,000 after acquiring an additional 1,517,323 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.