Canadian Pacific Kansas City (NYSE:CP) Stock Price Target Cut by Susquehanna

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target dropped by research analysts at Susquehanna from $106.00 to $98.00 in a research note issued on Friday, Benzinga reports. The firm currently has a “positive” rating on the transportation company’s stock. Susquehanna’s price objective would indicate a potential upside of 15.97% from the stock’s current price.

Several other research firms also recently commented on CP. Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 24th. Citizens Jmp initiated coverage on Canadian Pacific Kansas City in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. Stephens upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 8th. Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th. Finally, Evercore set a $99.00 target price on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $107.80.

Canadian Pacific Kansas City Trading Down 0.7%

Shares of CP stock opened at $84.50 on Friday. The stock’s fifty day moving average price is $90.70 and its two-hundred day moving average price is $87.44. The company has a market cap of $73.94 billion, a PE ratio of 27.17, a P/E/G ratio of 1.69 and a beta of 1.13. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59. Canadian Pacific Kansas City has a fifty-two week low of $68.42 and a fifty-two week high of $96.90.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter last year, the business posted $1.12 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. Equities analysts predict that Canadian Pacific Kansas City will post 3.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Fiduciary Financial Advisors bought a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $25,000. Jones Financial Companies Lllp bought a new position in Canadian Pacific Kansas City during the second quarter worth $44,000. Knuff & Co LLC bought a new position in Canadian Pacific Kansas City during the second quarter worth $50,000. Western Wealth Management LLC acquired a new position in Canadian Pacific Kansas City in the first quarter valued at $50,000. Finally, Chilton Capital Management LLC boosted its position in Canadian Pacific Kansas City by 192.3% during the second quarter. Chilton Capital Management LLC now owns 684 shares of the transportation company’s stock valued at $59,000 after acquiring an additional 450 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited (NYSE:CP) is a North American transportation company that operates a single-line railway linking Canada, the United States and Mexico. Headquartered in Calgary, Alberta, the company provides freight transportation and supply-chain services for customers across its extensive rail network.

CPKC transports a diverse range of products, including grain and fertilizers, coal, forest and industrial products, energy-related materials, automotive shipments, merchandise and intermodal freight.