Canadian Pacific Kansas City (NYSE:CP) Raised to Overweight at Stephens

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was upgraded by Stephens from an “equal weight” rating to an “overweight” rating in a report issued on Monday, MarketBeat.com reports. The firm currently has a $88.00 price target on the transportation company’s stock, up from their previous price target of $81.00. Stephens’ price target would indicate a potential upside of 14.03% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. 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 on the stock in a report on Thursday, October 24th. Stifel Nicolaus cut their target price 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. Citigroup lowered their price target 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. Evercore ISI increased their target price on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Finally, StockNews.com lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $93.79.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $77.17 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $72.03 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 2.26 and a beta of 0.96. The firm’s 50 day moving average is $75.21 and its 200-day moving average is $79.41. Canadian Pacific Kansas City has a 1 year low of $70.89 and a 1 year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its 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 net margin of 24.50% and a return on equity of 8.78%. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period last year, the business posted $0.69 earnings per share. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. Sell-side 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

Hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC grew its stake in shares of Canadian Pacific Kansas City by 11.5% in the second 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 in the last quarter. Savant Capital LLC boosted its position in shares of Canadian Pacific Kansas City by 1.2% during the 2nd quarter. Savant Capital LLC now owns 27,450 shares of the transportation company’s stock worth $2,161,000 after acquiring an additional 334 shares in the last quarter. Norden Group LLC raised its position in Canadian Pacific Kansas City by 26.9% during the second quarter. Norden Group LLC now owns 4,407 shares of the transportation company’s stock valued at $347,000 after purchasing an additional 935 shares in the last quarter. Chris Bulman Inc bought a new stake in Canadian Pacific Kansas City during the second quarter worth $35,000. Finally, Acadian Asset Management LLC increased its stake in shares of Canadian Pacific Kansas City by 521.3% in the 2nd 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 during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.