Canadian Pacific Kansas City (NYSE:CP) Issues Earnings Results

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) released its earnings results on Wednesday. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26, Zacks reports. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%.

Canadian Pacific Kansas City Stock Down 0.7 %

Shares of NYSE CP traded down $0.54 during mid-day trading on Wednesday, reaching $78.66. 5,870,482 shares of the company’s stock were exchanged, compared to its average volume of 2,932,363. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $75.15 and a 200 day simple moving average of $79.05. Canadian Pacific Kansas City has a twelve month low of $70.89 and a twelve month high of $91.58. The firm has a market capitalization of $73.44 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 2.01 and a beta of 0.96.

Wall Street Analysts Forecast Growth

CP has been the subject of several recent analyst reports. StockNews.com cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Citigroup dropped their target price on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research report on Wednesday, January 8th. Bank of America reduced their price objective on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Finally, Stephens raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $81.00 to $88.00 in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $92.63.

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.