Canadian Pacific Kansas City (NYSE:CP) Earns “Neutral” Rating from Susquehanna

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP)‘s stock had its “neutral” rating reiterated by Susquehanna in a research note issued on Wednesday, Benzinga reports. They presently have a $80.00 price objective on the transportation company’s stock. Susquehanna’s price target points to a potential downside of 4.68% from the company’s previous close.

A number of other research firms have also weighed in on CP. Evercore ISI lowered their price objective on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Sanford C. Bernstein lifted their target price on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a research report on Monday, July 8th. Stifel Nicolaus lifted their target price on Canadian Pacific Kansas City from $82.00 to $83.00 and gave the company a “hold” rating in a research report on Wednesday, July 17th. Bank of America cut their price objective on Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Finally, Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, April 25th. Twelve investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average price target of $95.70.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP traded up $1.81 during trading on Wednesday, reaching $83.93. The stock had a trading volume of 2,254,047 shares, compared to its average volume of 2,160,567. 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 business has a fifty day moving average price of $79.73 and a 200-day moving average price of $82.72. The stock has a market cap of $78.31 billion, a PE ratio of 26.91, a PEG ratio of 2.32 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.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.31. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The business’s revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 earnings per share. On average, equities analysts forecast that Canadian Pacific Kansas City will post 3.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new stake in Canadian Pacific Kansas City during the 4th quarter valued at approximately $979,890,000. TD Asset Management Inc increased its stake 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 in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Canadian Pacific Kansas City by 757.9% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,303,549 shares of the transportation company’s stock valued at $342,191,000 after purchasing an additional 3,801,910 shares in the last quarter. Meritage Group LP purchased a new position in Canadian Pacific Kansas City in the 4th quarter valued at approximately $207,850,000. Finally, Mirova US LLC purchased a new position in Canadian Pacific Kansas City in the 2nd quarter valued at approximately $168,063,000. 72.20% of the stock is owned by institutional investors and hedge funds.

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.