Canadian Pacific Kansas City (NYSE:CP) Price Target Lowered to $92.00 at Bank of America

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target lowered by equities researchers at Bank of America from $97.00 to $92.00 in a report released on Thursday, Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Bank of America‘s price target points to a potential upside of 12.66% from the stock’s previous close.

CP has been the topic of a number of other research reports. StockNews.com raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Jefferies Financial Group assumed coverage on Canadian Pacific Kansas City in a report on Monday, April 8th. They issued a “buy” rating and a $105.00 target price on the stock. Evercore ISI lowered their target price on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Thursday. Susquehanna Bancshares lowered Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and lowered their target price for the company from $90.00 to $87.00 in a report on Monday, January 8th. Finally, Stifel Nicolaus raised their target price on Canadian Pacific Kansas City from $80.00 to $83.00 and gave the company a “hold” rating in a report on Friday, April 12th. Twelve investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $96.42.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP opened at $81.66 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.46 and a current ratio of 0.49. The firm has a market cap of $76.16 billion, a price-to-earnings ratio of 26.17, a P/E/G ratio of 2.12 and a beta of 0.94. The business’s 50-day simple moving average is $87.04 and its 200-day simple moving average is $79.80. Canadian Pacific Kansas City has a 52 week low of $68.92 and a 52 week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. As a group, equities research analysts expect that Canadian Pacific Kansas City will post 3.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several hedge funds and other institutional investors have recently modified their holdings of CP. Norges Bank bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $979,890,000. TD Asset Management Inc raised its position in Canadian Pacific Kansas City by 47.7% in the 4th quarter. TD Asset Management Inc now owns 21,170,926 shares of the transportation company’s stock valued at $1,682,256,000 after purchasing an additional 6,835,271 shares during the last quarter. Legal & General Group Plc bought a new position in Canadian Pacific Kansas City in the 3rd quarter valued at $481,016,000. Sustainable Growth Advisers LP raised its position in Canadian Pacific Kansas City by 151.4% in the 3rd quarter. Sustainable Growth Advisers LP now owns 7,847,292 shares of the transportation company’s stock valued at $583,917,000 after purchasing an additional 4,726,098 shares during the last quarter. Finally, Causeway Capital Management LLC bought a new position in Canadian Pacific Kansas City in the 3rd quarter valued at $305,505,000. Institutional investors own 72.20% of the company’s stock.

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.