Canadian Pacific Kansas City (NYSE:CP) PT Lowered to $82.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its target price reduced by equities research analysts at Stifel Nicolaus from $83.00 to $82.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 0.33% from the stock’s current price.

CP has been the topic of a number of other reports. Evercore ISI upped their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. Jefferies Financial Group lowered their target price on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, July 10th. Sanford C. Bernstein lowered their price target on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research report on Wednesday. Finally, Citigroup started coverage on Canadian Pacific Kansas City in a report on Wednesday. They issued a “buy” rating and a $97.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $97.90.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock traded up $0.53 during trading on Friday, hitting $81.73. The stock had a trading volume of 138,747 shares, compared to its average volume of 2,102,288. The stock’s 50 day moving average is $82.40 and its two-hundred day moving average is $81.98. Canadian Pacific Kansas City has a 1 year low of $68.92 and a 1 year high of $91.58. The stock has a market cap of $76.28 billion, a price-to-earnings ratio of 29.51, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.58 billion. During the same quarter in the previous year, the firm posted $0.62 earnings per share. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. As a group, analysts predict that Canadian Pacific Kansas City will post 3.2 EPS for the current year.

Institutional Trading of Canadian Pacific Kansas City

Institutional investors and hedge funds have recently modified their holdings of the business. LRI Investments LLC bought a new stake in Canadian Pacific Kansas City in the 1st quarter worth approximately $32,000. Chris Bulman Inc purchased a new stake in Canadian Pacific Kansas City during the second quarter valued at $35,000. ORG Partners LLC bought a new position in Canadian Pacific Kansas City in the second quarter valued at about $39,000. Tobam purchased a new position in Canadian Pacific Kansas City in the first quarter worth about $51,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Canadian Pacific Kansas City in the second quarter worth about $61,000. 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.