New England Research & Management Inc. Decreases Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

New England Research & Management Inc. lowered its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.4% in the fourth quarter, Holdings Channel reports. The firm owned 28,780 shares of the transportation company’s stock after selling 416 shares during the period. Canadian Pacific Kansas City makes up about 1.1% of New England Research & Management Inc.’s investment portfolio, making the stock its 26th biggest position. New England Research & Management Inc.’s holdings in Canadian Pacific Kansas City were worth $2,083,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in 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. Franklin Resources Inc. increased its stake in Canadian Pacific Kansas City by 9.7% in the 3rd quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company’s stock worth $501,219,000 after purchasing an additional 537,418 shares in the last quarter. Fiera Capital Corp increased its stake in Canadian Pacific Kansas City by 1.9% in the 3rd quarter. Fiera Capital Corp now owns 5,814,277 shares of the transportation company’s stock worth $497,918,000 after purchasing an additional 107,183 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd boosted its position in Canadian Pacific Kansas City by 1.7% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,094,113 shares of the transportation company’s stock worth $368,661,000 after acquiring an additional 85,542 shares during the period. Finally, Geode Capital Management LLC boosted its position in Canadian Pacific Kansas City by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,332,357 shares of the transportation company’s stock worth $373,540,000 after acquiring an additional 313,298 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

CP has been the subject of several research reports. Susquehanna reduced their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Bank of America dropped their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Stifel Nicolaus lowered their price objective on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. Barclays lowered their price objective on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Stephens raised Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $81.00 to $88.00 in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $92.63.

Canadian Pacific Kansas City Trading Down 0.7 %

NYSE CP opened at $78.66 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $91.58. The company has a market cap of $73.44 billion, a price-to-earnings ratio of 28.09, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96. The business’s fifty day moving average is $75.15 and its 200 day moving average is $79.05.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. As a group, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3 EPS for the current fiscal year.

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.