Canadian Pacific Kansas City (NYSE:CP) Upgraded to Outperform at Wolfe Research

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was upgraded by Wolfe Research from a “peer perform” rating to an “outperform” rating in a report issued on Wednesday,Briefing.com Automated Import reports. The firm currently has a $86.00 price objective on the transportation company’s stock. Wolfe Research’s price objective would suggest a potential upside of 11.44% from the company’s current price.

CP has been the topic of several other reports. Bank of America lowered 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 research note on Thursday, October 24th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. StockNews.com downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Wells Fargo & Company dropped their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Stifel Nicolaus dropped their price objective on 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $93.23.

Canadian Pacific Kansas City Price Performance

CP opened at $77.17 on Wednesday. The company has a fifty day simple moving average of $75.21 and a 200 day simple moving average of $79.41. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The stock has a market cap of $72.03 billion, a P/E ratio of 27.56, a P/E/G ratio of 2.26 and a beta of 0.96. Canadian Pacific Kansas City has a 12 month low of $70.89 and a 12 month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share 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 firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period in the prior year, the company earned $0.69 earnings per share. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. On average, research analysts expect that Canadian Pacific Kansas City will post 3.05 EPS for the current year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

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