Canadian Pacific Kansas City (NYSE:CP) Price Target Lowered to $88.00 at Susquehanna

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its target price cut by equities researchers at Susquehanna from $90.00 to $88.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “positive” rating on the transportation company’s stock. Susquehanna’s price objective would suggest a potential upside of 21.77% from the stock’s previous close.

Several other equities analysts have also weighed in on CP. Loop Capital lowered Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. Stephens boosted their price objective on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Royal Bank of Canada raised their target price on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Finally, Barclays cut their price objective on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average price target of $94.95.

Canadian Pacific Kansas City Stock Down 1.4 %

CP stock traded down $1.02 on Thursday, hitting $72.27. 976,362 shares of the company’s stock were exchanged, compared to its average volume of 2,421,010. The stock has a market cap of $67.47 billion, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The firm has a 50 day moving average price of $76.62 and a two-hundred day moving average price of $77.68. Canadian Pacific Kansas City has a 12-month low of $70.89 and a 12-month high of $89.26.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data 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 net margin of 25.51% and a return on equity of 8.86%. As a group, equities research analysts expect that Canadian Pacific Kansas City will post 3.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bernard Wealth Management Corp. acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth $31,000. Kestra Investment Management LLC acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at about $33,000. FSA Wealth Management LLC purchased a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at approximately $34,000. Stonebridge Financial Group LLC acquired a new position in Canadian Pacific Kansas City during the 4th quarter worth approximately $34,000. Finally, YANKCOM Partnership purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $36,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.