Canadian Pacific Kansas City (NYSE:CP) Research Coverage Started at Citigroup

Investment analysts at Citigroup began coverage on shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) in a note issued to investors on Wednesday, Briefing.com reports. The brokerage set a “buy” rating and a $97.00 price target on the transportation company’s stock. Citigroup’s price target would indicate a potential upside of 20.33% from the stock’s previous close.

A number of other brokerages have also recently commented on CP. Barclays increased their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Stifel Nicolaus raised their target price on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th. Susquehanna upped their price target on shares of Canadian Pacific Kansas City from $80.00 to $94.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Finally, Jefferies Financial Group cut their price objective on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $97.83.

Canadian Pacific Kansas City Stock Down 0.7 %

NYSE:CP opened at $80.61 on Wednesday. The company has a market cap of $75.21 billion, a PE ratio of 25.84, a PEG ratio of 2.43 and a beta of 0.96. The stock has a 50-day simple moving average of $82.48 and a 200 day simple moving average of $82.06. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51. Canadian Pacific Kansas City has a 52-week low of $68.92 and a 52-week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.31. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.58 billion. During the same quarter in the previous year, the firm posted $0.62 earnings per share. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. On average, sell-side analysts expect that Canadian Pacific Kansas City will post 3.1 EPS for the current fiscal year.

Institutional Trading of Canadian Pacific Kansas City

Large investors have recently made changes to their positions in the company. Choate Investment Advisors boosted its stake in Canadian Pacific Kansas City by 24.2% in the first quarter. Choate Investment Advisors now owns 72,010 shares of the transportation company’s stock valued at $6,349,000 after buying an additional 14,037 shares in the last quarter. Encompass Capital Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter valued at approximately $11,810,000. Blue Zone Wealth Advisors LLC acquired a new position in Canadian Pacific Kansas City during the 1st quarter worth approximately $4,160,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in Canadian Pacific Kansas City by 0.6% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,229,212 shares of the transportation company’s stock worth $196,672,000 after purchasing an additional 13,727 shares in the last quarter. Finally, Maryland State Retirement & Pension System lifted its stake in Canadian Pacific Kansas City by 53.0% in the 1st quarter. Maryland State Retirement & Pension System now owns 49,072 shares of the transportation company’s stock valued at $4,100,000 after purchasing an additional 16,995 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.