Canadian Pacific Kansas City (NYSE:CP) Announces Quarterly Earnings Results

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) issued its quarterly earnings results on Wednesday. The transportation company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.05), Zacks reports. Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP traded down $0.95 during trading on Wednesday, hitting $71.80. 2,457,550 shares of the stock traded hands, compared to its average volume of 2,297,845. The company has a fifty day moving average price of $72.85 and a two-hundred day moving average price of $74.27. Canadian Pacific Kansas City has a 52-week low of $66.49 and a 52-week high of $83.65. The company has a market cap of $64.45 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 1.60 and a beta of 1.10. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of institutional investors have recently modified their holdings of CP. Intech Investment Management LLC grew its holdings in Canadian Pacific Kansas City by 16.0% in the first 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 during the period. Acadian Asset Management LLC acquired a new position in Canadian Pacific Kansas City during the first quarter worth $35,000. Sivia Capital Partners LLC purchased a new stake in shares of Canadian Pacific Kansas City during the second quarter worth about $206,000. Prudential Financial Inc. lifted its stake in Canadian Pacific Kansas City by 8.7% in the 2nd quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock valued at $411,000 after buying an additional 415 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Canadian Pacific Kansas City by 39.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company’s stock worth $104,000 after buying an additional 369 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CP. Barclays set a $90.00 target price on Canadian Pacific Kansas City and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Wall Street Zen cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Citigroup set a $88.00 target price on shares of Canadian Pacific Kansas City and gave the stock a “buy” rating in a research report on Thursday, January 8th. Natl Bk Canada cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Finally, Evercore ISI dropped their price objective on shares of Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.36.

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.