Royal Bank of Canada Increases Canadian Pacific Kansas City (NYSE:CP) Price Target to $128.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target raised by equities research analysts at Royal Bank of Canada from $124.00 to $128.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 57.32% from the company’s previous close.

CP has been the subject of several other research reports. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday. Wells Fargo & Company cut their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. StockNews.com cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Citigroup raised their price objective on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Barclays decreased their price target on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $95.45.

Canadian Pacific Kansas City Stock Up 3.2 %

NYSE:CP traded up $2.52 on Thursday, reaching $81.36. The stock had a trading volume of 2,153,839 shares, compared to its average volume of 2,897,624. The company has a 50-day moving average of $75.25 and a 200 day moving average of $79.04. 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 stock has a market cap of $75.96 billion, a P/E ratio of 29.06, a price-to-earnings-growth ratio of 2.01 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, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. On average, research analysts predict that Canadian Pacific Kansas City will post 3 earnings per share for the current year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of institutional investors have recently made changes to their positions in CP. Grove Bank & Trust boosted its position in shares of Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 130 shares during the period. Tower View Wealth Management LLC lifted its position in shares of Canadian Pacific Kansas City by 0.3% during the 3rd quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company’s stock valued at $4,410,000 after acquiring an additional 130 shares during the period. Trust Co. of Vermont increased its position in shares of Canadian Pacific Kansas City by 4.7% in the third quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company’s stock worth $260,000 after purchasing an additional 135 shares during the period. Massmutual Trust Co. FSB ADV raised its stake in Canadian Pacific Kansas City by 12.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,252 shares of the transportation company’s stock valued at $107,000 after purchasing an additional 141 shares in the last quarter. Finally, Pinnacle Bancorp Inc. grew its stake in Canadian Pacific Kansas City by 13.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company’s stock worth $90,000 after buying an additional 150 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

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.