Canadian Pacific Kansas City (NYSE:CP) Price Target Cut to $81.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective decreased by equities researchers at Stephens from $85.00 to $81.00 in a report released on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the transportation company’s stock. Stephens’ price target suggests a potential upside of 3.87% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Jefferies Financial Group lowered their price target on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, July 10th. Stifel Nicolaus reduced their price objective on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Friday, October 11th. Finally, Evercore ISI lifted their price target on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $94.15.

Canadian Pacific Kansas City Price Performance

CP stock opened at $77.98 on Monday. The business has a fifty day moving average of $82.80 and a two-hundred day moving average of $81.18. Canadian Pacific Kansas City has a 52-week low of $69.08 and a 52-week high of $91.58. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. The stock has a market cap of $72.76 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter last year, the firm earned $0.69 EPS. The business’s revenue was up 6.3% on a year-over-year basis. As a group, research analysts anticipate that Canadian Pacific Kansas City will post 3.2 earnings per share for the current year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of large investors have recently added to or reduced their stakes in CP. Wealth Enhancement Advisory Services LLC increased its stake in Canadian Pacific Kansas City by 42.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 80,748 shares of the transportation company’s stock valued at $7,120,000 after purchasing an additional 24,063 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Canadian Pacific Kansas City by 28.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 590,411 shares of the transportation company’s stock worth $52,057,000 after acquiring an additional 131,759 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of 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 valued at $196,672,000 after buying an additional 13,727 shares in the last quarter. Norden Group LLC bought a new position in shares of Canadian Pacific Kansas City in the first quarter worth $4,898,000. Finally, First Trust Direct Indexing L.P. boosted its stake in Canadian Pacific Kansas City by 19.9% in the 1st quarter. First Trust Direct Indexing L.P. now owns 10,179 shares of the transportation company’s stock worth $897,000 after purchasing an additional 1,691 shares during the period. 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.