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

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its target price dropped by equities research analysts at Susquehanna from $92.00 to $90.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “positive” rating on the transportation company’s stock. Susquehanna’s target price would suggest a potential upside of 17.97% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Citigroup dropped their price target on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Sanford C. Bernstein dropped their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. Stifel Nicolaus reduced their price target on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Friday, October 11th. Stephens raised Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $81.00 to $88.00 in a report on Monday. Finally, Wolfe Research raised Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a report on Wednesday. One 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 company currently has an average rating of “Moderate Buy” and a consensus target price of $93.56.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $76.29 on Wednesday. Canadian Pacific Kansas City has a 12-month low of $70.89 and a 12-month high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The company has a market capitalization of $71.21 billion, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96. The firm’s fifty day moving average price is $75.16 and its 200 day moving average price is $79.36.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released 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 8.78% and a net margin of 24.50%. 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 posted $0.69 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. On average, research analysts forecast that Canadian Pacific Kansas City will post 3.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of hedge funds have recently made changes to their positions in CP. Private Advisor Group LLC increased its position in Canadian Pacific Kansas City by 11.5% in the 2nd quarter. Private Advisor Group LLC now owns 10,918 shares of the transportation company’s stock valued at $860,000 after acquiring an additional 1,130 shares during the period. Acadian Asset Management LLC raised its stake in shares of Canadian Pacific Kansas City by 521.3% during the second quarter. Acadian Asset Management LLC now owns 36,036 shares of the transportation company’s stock valued at $2,836,000 after purchasing an additional 30,236 shares in the last quarter. Caprock Group LLC lifted its holdings in Canadian Pacific Kansas City by 56.9% in the second quarter. Caprock Group LLC now owns 9,904 shares of the transportation company’s stock worth $781,000 after purchasing an additional 3,593 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Canadian Pacific Kansas City in the 2nd quarter valued at about $61,000. Finally, Wedbush Securities Inc. increased its stake in Canadian Pacific Kansas City by 4.2% during the 2nd quarter. Wedbush Securities Inc. now owns 8,325 shares of the transportation company’s stock valued at $655,000 after buying an additional 332 shares during the period. 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.