Scotiabank Upgrades Canadian Pacific Kansas City (NYSE:CP) to Sector Outperform

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was upgraded by equities research analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a research report issued on Wednesday, Marketbeat Ratings reports.

A number of other analysts have also recently weighed in on CP. Raymond James raised their target price on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, April 22nd. Bank of America reduced their price target on shares of Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, April 25th. Evercore reduced their price target 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, April 25th. Finally, Wells Fargo & Company assumed coverage on shares of Canadian Pacific Kansas City in a research report on Friday, June 7th. They issued an “overweight” rating and a $90.00 price target for the company. Twelve equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $95.95.

Canadian Pacific Kansas City Trading Up 2.5 %

Shares of NYSE:CP opened at $83.27 on Wednesday. The stock has a market capitalization of $77.68 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 2.26 and a beta of 0.96. Canadian Pacific Kansas City has a 1-year low of $68.92 and a 1-year high of $91.58. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.43 and a current ratio of 0.49. The company has a 50 day moving average price of $79.43 and a 200 day moving average price of $82.31.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. On average, research analysts anticipate that Canadian Pacific Kansas City will post 3.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CP. LRI Investments LLC acquired a new position in Canadian Pacific Kansas City in the 1st quarter valued at $32,000. Anchor Investment Management LLC bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth about $40,000. Independence Bank of Kentucky bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth about $43,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth about $45,000. Finally, Tobam bought a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth about $51,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.