Canadian Pacific Kansas City (NYSE:CP) Price Target Lowered to $76.00 at Stifel Nicolaus

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its target price decreased by equities research analysts at Stifel Nicolaus from $82.00 to $76.00 in a research note issued on Thursday, Marketbeat Ratings reports. The brokerage currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 1.61% from the company’s current price.

CP has been the subject of a number of other research reports. Susquehanna reduced their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Barclays upped their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Citigroup reduced their price objective on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Sanford C. Bernstein reduced their price objective on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. Finally, Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus price target of $92.63.

Canadian Pacific Kansas City Stock Up 0.3 %

CP stock opened at $74.80 on Thursday. Canadian Pacific Kansas City has a 1-year low of $70.89 and a 1-year high of $91.58. The business has a fifty day moving average price of $74.75 and a 200-day moving average price of $79.19. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The stock has a market capitalization of $69.83 billion, a P/E ratio of 26.71, a P/E/G ratio of 1.89 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities analysts forecast that Canadian Pacific Kansas City will post 3.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of Montreal Can raised its holdings in shares of Canadian Pacific Kansas City by 2.8% in the second quarter. Bank of Montreal Can now owns 19,932,768 shares of the transportation company’s stock worth $1,580,556,000 after buying an additional 533,792 shares during the period. 1832 Asset Management L.P. raised its holdings in shares of Canadian Pacific Kansas City by 5.5% in the second quarter. 1832 Asset Management L.P. now owns 13,821,347 shares of the transportation company’s stock worth $1,088,155,000 after buying an additional 723,188 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Canadian Pacific Kansas City by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 11,568,212 shares of the transportation company’s stock worth $909,721,000 after buying an additional 216,062 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Canadian Pacific Kansas City by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company’s stock worth $750,046,000 after buying an additional 381,594 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of Canadian Pacific Kansas City by 9.7% in the third quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company’s stock worth $501,219,000 after buying an additional 537,418 shares during the period. 72.20% of the stock is currently owned by hedge funds and other 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.