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

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective dropped by stock analysts at Barclays from $97.00 to $91.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Barclays‘s target price would indicate a potential upside of 21.65% from the stock’s current price.

Other analysts have also issued reports about the company. Stephens upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $81.00 to $88.00 in a research report on Monday, January 6th. Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price for the company in a research report on Wednesday, January 8th. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. StockNews.com lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Finally, Stifel Nicolaus lowered their price objective on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $92.63.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock traded up $0.24 during mid-day trading on Friday, reaching $74.80. The stock had a trading volume of 384,581 shares, compared to its average volume of 2,271,818. The firm’s 50 day simple moving average is $74.83 and its 200 day simple moving average is $79.22. Canadian Pacific Kansas City has a one year low of $70.89 and a one year high of $91.58. The firm has a market cap of $69.84 billion, a PE ratio of 26.74, a P/E/G ratio of 1.89 and a beta of 0.96. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42.

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 analysts’ consensus estimates of $1.01 by ($0.02). The firm had revenue of $3.55 billion during 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 quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 earnings per share. On average, analysts forecast that Canadian Pacific Kansas City will post 3.02 EPS for the current year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several hedge funds have recently bought and sold shares of the company. Bank of Montreal Can grew its stake in shares of Canadian Pacific Kansas City by 2.8% in the second quarter. Bank of Montreal Can now owns 19,932,768 shares of the transportation company’s stock valued at $1,580,556,000 after acquiring an additional 533,792 shares in the last quarter. 1832 Asset Management L.P. increased its position in shares of Canadian Pacific Kansas City by 5.5% in the second quarter. 1832 Asset Management L.P. now owns 13,821,347 shares of the transportation company’s stock worth $1,088,155,000 after purchasing an additional 723,188 shares during the period. The Manufacturers Life Insurance Company raised its stake in Canadian Pacific Kansas City by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 11,568,212 shares of the transportation company’s stock valued at $909,721,000 after purchasing an additional 216,062 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Canadian Pacific Kansas City by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company’s stock worth $750,046,000 after purchasing an additional 381,594 shares during the period. Finally, Franklin Resources Inc. lifted its position in Canadian Pacific Kansas City by 9.7% during the third quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company’s stock worth $501,219,000 after purchasing an additional 537,418 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Company Profile

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.