Canadian Pacific Kansas City Limited (NYSE:CP) Sees Significant Increase in Short Interest

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 7,110,000 shares, a growth of 5.2% from the December 15th total of 6,760,000 shares. Based on an average daily trading volume, of 2,850,000 shares, the short-interest ratio is currently 2.5 days.

Institutional Trading of Canadian Pacific Kansas City

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Grove Bank & Trust grew its holdings in Canadian Pacific Kansas City by 56.0% in the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after buying an additional 130 shares during the last quarter. Addison Advisors LLC grew its holdings in Canadian Pacific Kansas City by 246.9% in the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after buying an additional 279 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at approximately $34,000. Asset Dedication LLC acquired a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at approximately $38,000. Finally, Kennebec Savings Bank acquired a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at approximately $42,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 3.9 %

Shares of CP stock opened at $77.76 on Wednesday. The stock’s 50 day simple moving average is $74.64 and its 200 day simple moving average is $79.12. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City has a twelve month low of $70.89 and a twelve month high of $91.58. The company has a market capitalization of $72.59 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 1.91 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 earnings per share. As a group, research analysts predict that Canadian Pacific Kansas City will post 3.02 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Susquehanna decreased their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Stifel Nicolaus decreased their price target on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. Bank of America decreased their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. StockNews.com cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Finally, Citigroup decreased their target price on 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $92.63.

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.