Canadian Pacific Kansas City (NYSE:CP) PT Lowered to $89.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its target price dropped by investment analysts at Evercore ISI from $90.00 to $89.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s target price suggests a potential upside of 9.24% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on CP. Jefferies Financial Group started coverage on shares of Canadian Pacific Kansas City in a report on Monday, April 8th. They set a “buy” rating and a $105.00 price target for the company. Bank of America increased their target price on shares of Canadian Pacific Kansas City from $87.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Barclays increased 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 note on Thursday, April 4th. StockNews.com raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, April 10th. Twelve research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $97.17.

Canadian Pacific Kansas City Stock Down 0.6 %

NYSE:CP traded down $0.46 during trading hours on Thursday, reaching $81.47. The company’s stock had a trading volume of 698,255 shares, compared to its average volume of 2,085,183. The company has a market cap of $75.98 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 2.25 and a beta of 0.94. Canadian Pacific Kansas City has a one year low of $68.92 and a one year high of $91.58. The business’s 50-day moving average is $87.18 and its 200-day moving average is $79.73. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.46.

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

Hedge Funds Weigh In On Canadian Pacific Kansas City

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Canadian Pacific Kansas City by 8.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,378 shares of the transportation company’s stock worth $1,885,000 after acquiring an additional 1,586 shares during the period. Leavell Investment Management Inc. increased its stake in Canadian Pacific Kansas City by 253.1% in the 1st quarter. Leavell Investment Management Inc. now owns 11,231 shares of the transportation company’s stock valued at $992,000 after buying an additional 8,050 shares during the last quarter. Dakota Wealth Management increased its stake in Canadian Pacific Kansas City by 11.5% in the 1st quarter. Dakota Wealth Management now owns 19,492 shares of the transportation company’s stock valued at $1,719,000 after buying an additional 2,016 shares during the last quarter. Simplicity Wealth LLC acquired a new stake in Canadian Pacific Kansas City in the 1st quarter valued at $380,000. Finally, Assenagon Asset Management S.A. increased its stake in shares of Canadian Pacific Kansas City by 2.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 23,648 shares of the transportation company’s stock worth $2,087,000 after purchasing an additional 673 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Company Profile

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.