Wesbanco Bank Inc. Decreases Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Wesbanco Bank Inc. cut its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.9% in the 4th quarter, HoldingsChannel reports. The fund owned 7,241 shares of the transportation company’s stock after selling 141 shares during the quarter. Wesbanco Bank Inc.’s holdings in Canadian Pacific Kansas City were worth $524,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Grove Bank & Trust boosted its stake in shares of Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 130 shares during the period. Addison Advisors LLC raised its holdings in Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after buying an additional 279 shares during the last quarter. FSA Wealth Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the third quarter valued at about $34,000. Asset Dedication LLC bought a new position in shares of Canadian Pacific Kansas City during the third quarter valued at about $38,000. Finally, Kennebec Savings Bank purchased a new stake in shares of Canadian Pacific Kansas City during the third quarter worth about $42,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Stifel Nicolaus lowered their price target on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. Citigroup dropped their price target on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Barclays reduced their price objective 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. Susquehanna cut their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Finally, StockNews.com lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $92.63.

Canadian Pacific Kansas City Price Performance

CP opened at $79.86 on Friday. The firm has a market cap of $74.56 billion, a PE ratio of 28.52, a P/E/G ratio of 2.01 and a beta of 0.96. The stock has a 50-day moving average price of $74.79 and a 200-day moving average price of $79.10. Canadian Pacific Kansas City Limited has a 1 year low of $70.89 and a 1 year high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

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 (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm posted $0.69 earnings per share. Sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3 earnings per share for the current fiscal year.

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.