Citigroup Issues Pessimistic Forecast for Canadian Pacific Kansas City (NYSE:CP) Stock Price

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its target price cut by research analysts at Citigroup from $98.00 to $91.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Citigroup’s target price would suggest a potential upside of 19.69% from the stock’s previous close.

Several other research firms also recently weighed in on CP. Barclays increased their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Stifel Nicolaus cut their target price on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Friday, October 11th. Jefferies Financial Group reduced their price objective on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Bank of America cut their price objective on shares of 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, Evercore ISI boosted their price target on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, September 25th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.68.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $76.03 on Tuesday. Canadian Pacific Kansas City has a fifty-two week low of $69.27 and a fifty-two week high of $91.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The company has a market capitalization of $70.96 billion, a P/E ratio of 27.15, a P/E/G ratio of 2.28 and a beta of 0.98. The business’s 50-day moving average is $81.94 and its two-hundred day moving average is $80.74.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. Canadian Pacific Kansas City’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 EPS. Research analysts predict that Canadian Pacific Kansas City will post 3.06 earnings per share for the current year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several large investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. boosted its position in Canadian Pacific Kansas City by 1.4% during the first quarter. QRG Capital Management Inc. now owns 12,867 shares of the transportation company’s stock valued at $1,135,000 after buying an additional 175 shares during the period. Bleakley Financial Group LLC increased its holdings in Canadian Pacific Kansas City by 3.8% in the 1st quarter. Bleakley Financial Group LLC now owns 4,344 shares of the transportation company’s stock worth $383,000 after buying an additional 161 shares in the last quarter. Delta Investment Management LLC grew its position in Canadian Pacific Kansas City by 3.2% in the 1st quarter. Delta Investment Management LLC now owns 4,117 shares of the transportation company’s stock worth $363,000 after purchasing an additional 126 shares during the period. Orion Portfolio Solutions LLC grew its holdings in shares of Canadian Pacific Kansas City by 32.0% in the first quarter. Orion Portfolio Solutions LLC now owns 216,650 shares of the transportation company’s stock worth $19,102,000 after acquiring an additional 52,463 shares during the period. Finally, Trillium Asset Management LLC grew its stake in shares of Canadian Pacific Kansas City by 0.5% during the 1st quarter. Trillium Asset Management LLC now owns 93,538 shares of the transportation company’s stock valued at $8,252,000 after purchasing an additional 437 shares during the period. Hedge funds and other institutional investors 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.