Canadian Pacific Kansas City (NYSE:CP) Raised to “Hold” at Wall Street Zen

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

A number of other research firms have also weighed in on CP. Stephens upped their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Barclays set a $90.00 price objective on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. Susquehanna set a $87.00 price target on Canadian Pacific Kansas City in a report on Thursday, October 30th. Finally, Citigroup lowered their price target on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $91.69.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $70.90 on Friday. The business’s fifty day moving average is $74.93 and its 200 day moving average is $76.87. Canadian Pacific Kansas City has a 12-month low of $66.49 and a 12-month high of $83.65. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46. The stock has a market cap of $63.84 billion, a P/E ratio of 21.61, a P/E/G ratio of 2.03 and a beta of 1.08.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, October 29th. The transportation company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter last year, the firm posted $0.99 EPS. Sell-side analysts anticipate that Canadian Pacific Kansas City will post 3.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter valued at $27,000. Cheviot Value Management LLC bought a new position in Canadian Pacific Kansas City during the first quarter valued at about $30,000. Caldwell Trust Co bought a new position in Canadian Pacific Kansas City during the third quarter valued at about $30,000. Cornerstone Planning Group LLC increased its holdings in Canadian Pacific Kansas City by 205.5% during the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after buying an additional 335 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Canadian Pacific Kansas City in the first quarter worth about $35,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.