Canadian Pacific Kansas City (NYSE:CP) Price Target Cut to $90.00 by Analysts at Susquehanna

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective dropped by investment analysts at Susquehanna from $92.00 to $90.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “positive” rating on the transportation company’s stock. Susquehanna’s price target would indicate a potential upside of 15.87% from the stock’s previous close.

A number of other analysts have also issued reports on CP. Evercore ISI boosted their price objective on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, September 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. Bank of America cut their target price on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Stephens upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $81.00 to $88.00 in a research report on Monday. Finally, Citigroup cut their price objective on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $93.09.

Canadian Pacific Kansas City Stock Up 0.7 %

Shares of NYSE CP traded up $0.54 during trading on Wednesday, hitting $77.67. 430,459 shares of the company traded hands, compared to its average volume of 2,264,512. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The business’s fifty day moving average is $75.21 and its 200 day moving average is $79.41. The firm has a market capitalization of $72.50 billion, a price-to-earnings ratio of 27.74, a P/E/G ratio of 2.26 and a beta of 0.96. Canadian Pacific Kansas City has a fifty-two week low of $70.89 and a fifty-two week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results 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 firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. Canadian Pacific Kansas City’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 earnings per share. Equities research analysts predict that Canadian Pacific Kansas City will post 3.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CP. Park National Corp OH bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $492,000. GAMMA Investing LLC lifted its stake in Canadian Pacific Kansas City by 20.3% in the fourth quarter. GAMMA Investing LLC now owns 2,929 shares of the transportation company’s stock worth $212,000 after acquiring an additional 495 shares during the period. Versant Capital Management Inc boosted its holdings in Canadian Pacific Kansas City by 277.2% in the fourth quarter. Versant Capital Management Inc now owns 694 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 510 shares in the last quarter. JPMorgan Chase & Co. increased its position in Canadian Pacific Kansas City by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company’s stock valued at $750,046,000 after purchasing an additional 381,594 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Canadian Pacific Kansas City by 10.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,742,375 shares of the transportation company’s stock worth $234,806,000 after purchasing an additional 257,200 shares in the last quarter. Institutional investors 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.