Canadian Pacific Kansas City (NYSE:CP) Price Target Raised to $100.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target lifted by investment analysts at Wells Fargo & Company from $90.00 to $100.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 12.95% from the company’s previous close.

CP has been the subject of a number of other reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, June 24th. Evercore set a $91.00 price target on shares of Canadian Pacific Kansas City and gave the company an “outperform” rating in a report on Thursday, June 25th. Barclays set a $102.00 price objective on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Argus set a $105.00 target price on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 16th. Finally, Sanford C. Bernstein upped their price objective on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $103.91.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $88.53 on Wednesday. The company’s fifty day simple moving average is $87.36 and its two-hundred day simple moving average is $81.88. Canadian Pacific Kansas City has a 12-month low of $68.42 and a 12-month high of $91.52. The firm has a market cap of $78.35 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 1.72 and a beta of 1.10. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the company posted $1.06 EPS. Canadian Pacific Kansas City’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, equities analysts expect that Canadian Pacific Kansas City will post 3.75 EPS for the current year.

Institutional Trading of Canadian Pacific Kansas City

Hedge funds and other institutional investors have recently bought and sold shares of the business. Intech Investment Management LLC boosted its stake in shares of Canadian Pacific Kansas City by 16.0% during the first quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock worth $1,493,000 after buying 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 acquired a new stake in Canadian Pacific Kansas City in the 2nd quarter valued at about $206,000. Prudential Financial Inc. increased its stake in shares of Canadian Pacific Kansas City by 8.7% during the 2nd quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock worth $411,000 after purchasing an additional 415 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Canadian Pacific Kansas City by 39.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company’s stock worth $104,000 after purchasing an additional 369 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

About Canadian Pacific Kansas City

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.