Canadian Pacific Kansas City (NYSE:CP) Rating Lowered to “Hold” at Natl Bk Canada

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was downgraded by analysts at Natl Bk Canada from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

CP has been the topic of a number of other reports. Barclays set a $90.00 target price on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Citigroup set a $88.00 price objective on shares of Canadian Pacific Kansas City and gave the company a “buy” rating in a report on Thursday. Susquehanna set a $87.00 price objective on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Finally, Wall Street Zen downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.36.

Canadian Pacific Kansas City Stock Down 0.9%

NYSE:CP opened at $71.58 on Thursday. The company has a market cap of $64.22 billion, a price-to-earnings ratio of 21.82, a P/E/G ratio of 1.58 and a beta of 1.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63. The stock’s fifty day moving average price is $72.52 and its two-hundred day moving average price is $75.05. Canadian Pacific Kansas City has a 52-week low of $66.49 and a 52-week high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, October 29th. The transportation company reported $0.80 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the business posted $0.99 earnings per share. On average, analysts anticipate that Canadian Pacific Kansas City will post 3.42 EPS for the current year.

Institutional Trading of Canadian Pacific Kansas City

Several hedge funds have recently added to or reduced their stakes in CP. Ascent Group LLC acquired a new position in Canadian Pacific Kansas City in the first quarter valued at about $230,000. Intech Investment Management LLC lifted its holdings in shares of Canadian Pacific Kansas City by 16.0% during the 1st quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock valued at $1,493,000 after purchasing an additional 2,940 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter valued at approximately $35,000. Intrua Financial LLC bought a new stake in Canadian Pacific Kansas City during the 1st quarter worth approximately $249,000. Finally, Modern Wealth Management LLC bought a new stake in Canadian Pacific Kansas City during the 1st quarter worth approximately $859,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.