Canadian Pacific Kansas City (NYSE:CP) Price Target Cut to $82.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective lowered by equities researchers at Stifel Nicolaus from $83.00 to $82.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price objective indicates a potential downside of 0.53% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. TD Securities lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday. Barclays boosted their target price on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Evercore ISI decreased their target price on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, StockNews.com upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Twelve analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $96.42.

Canadian Pacific Kansas City Stock Up 0.6 %

NYSE:CP traded up $0.51 during trading hours on Thursday, reaching $82.44. The company’s stock had a trading volume of 2,055,631 shares, compared to its average volume of 2,102,528. The company has a market capitalization of $76.89 billion, a P/E ratio of 26.21, a price-to-earnings-growth ratio of 2.25 and a beta of 0.94. Canadian Pacific Kansas City has a 12 month low of $68.92 and a 12 month high of $91.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53. The stock has a 50 day moving average price of $87.18 and a two-hundred day moving average price of $79.73.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Equities analysts predict that Canadian Pacific Kansas City will post 3.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

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

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.