Canadian Pacific Kansas City (NYSE:CP) Upgraded by Susquehanna to Positive

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was upgraded by analysts at Susquehanna from a “neutral” rating to a “positive” rating in a report issued on Thursday, Briefing.com reports. The brokerage presently has a $92.00 target price on the transportation company’s stock. Susquehanna’s price objective indicates a potential upside of 16.74% from the company’s previous close.

CP has been the subject of several other research reports. Stifel Nicolaus dropped their target price on shares of 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. Citigroup initiated coverage on shares of Canadian Pacific Kansas City in a research report on Wednesday, October 9th. They issued a “buy” rating and a $97.00 target price for the company. Evercore ISI boosted their target price on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. Barclays boosted their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Finally, Sanford C. Bernstein dropped their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average target price of $97.78.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $78.81 on Thursday. Canadian Pacific Kansas City has a 12-month low of $68.92 and a 12-month high of $91.58. The company has a market capitalization of $73.53 billion, a price-to-earnings ratio of 25.26, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44. The firm’s fifty day moving average price is $82.92 and its 200 day moving average price is $81.50.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.31. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.58 billion. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS. On average, research analysts forecast that Canadian Pacific Kansas City will post 3.2 EPS for the current fiscal year.

Institutional Trading of Canadian Pacific Kansas City

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Canadian Pacific Kansas City by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 34,926,548 shares of the transportation company’s stock worth $3,079,474,000 after buying an additional 588,701 shares in the last quarter. TD Asset Management Inc raised its position in shares of Canadian Pacific Kansas City by 2.5% during the 1st quarter. TD Asset Management Inc now owns 21,703,229 shares of the transportation company’s stock worth $1,915,196,000 after buying an additional 532,303 shares in the last quarter. Bank of Montreal Can raised its position in shares of Canadian Pacific Kansas City by 2.8% during the 2nd quarter. Bank of Montreal Can now owns 19,932,768 shares of the transportation company’s stock worth $1,580,556,000 after buying an additional 533,792 shares in the last quarter. 1832 Asset Management L.P. raised its position in shares of Canadian Pacific Kansas City by 5.5% during the 2nd quarter. 1832 Asset Management L.P. now owns 13,821,347 shares of the transportation company’s stock worth $1,088,155,000 after buying an additional 723,188 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Canadian Pacific Kansas City by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,568,212 shares of the transportation company’s stock worth $909,721,000 after buying an additional 216,062 shares in the last quarter. 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.