Canadian Pacific Kansas City (NYSE:CP) Price Target Cut to $91.25

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its target price decreased by research analysts at Sanford C. Bernstein from $91.98 to $91.25 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “market perform” rating on the transportation company’s stock. Sanford C. Bernstein’s target price suggests a potential upside of 12.38% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. Susquehanna upped their target price on shares of Canadian Pacific Kansas City from $80.00 to $94.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Evercore ISI raised their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, September 25th. Jefferies Financial Group decreased their price target on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Citigroup started coverage on shares of Canadian Pacific Kansas City in a report on Wednesday. They set a “buy” rating and a $97.00 price objective on the stock. Finally, Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average price target of $97.96.

Canadian Pacific Kansas City Trading Up 0.9 %

Shares of Canadian Pacific Kansas City stock opened at $81.20 on Wednesday. The stock has a market capitalization of $75.76 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 2.43 and a beta of 0.96. Canadian Pacific Kansas City has a 52 week low of $68.92 and a 52 week high of $91.58. The stock has a 50 day moving average price of $82.38 and a two-hundred day moving average price of $81.99. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.31. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.58 billion. During the same quarter in the previous year, the business posted $0.62 EPS. Canadian Pacific Kansas City’s quarterly revenue was up 13.5% on a year-over-year basis. As a group, equities analysts anticipate that Canadian Pacific Kansas City will post 3.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Choate Investment Advisors raised its position in shares of Canadian Pacific Kansas City by 24.2% in the first quarter. Choate Investment Advisors now owns 72,010 shares of the transportation company’s stock valued at $6,349,000 after purchasing an additional 14,037 shares during the period. Encompass Capital Advisors LLC purchased a new stake in shares of Canadian Pacific Kansas City during the second quarter worth $11,810,000. Blue Zone Wealth Advisors LLC bought a new position in shares of Canadian Pacific Kansas City in the first quarter worth $4,160,000. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Canadian Pacific Kansas City by 0.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,229,212 shares of the transportation company’s stock valued at $196,672,000 after purchasing an additional 13,727 shares in the last quarter. Finally, Maryland State Retirement & Pension System raised its stake in shares of Canadian Pacific Kansas City by 53.0% during the 1st quarter. Maryland State Retirement & Pension System now owns 49,072 shares of the transportation company’s stock valued at $4,100,000 after purchasing an additional 16,995 shares during the period. 72.20% of the stock is currently owned by institutional investors.

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.