Union Bancaire Privee UBP SA Acquires New Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Union Bancaire Privee UBP SA bought a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 4th quarter, Holdings Channel reports. The institutional investor bought 20,881 shares of the transportation company’s stock, valued at approximately $1,429,000.

A number of other large investors have also recently modified their holdings of CP. Grove Bank & Trust lifted its stake in Canadian Pacific Kansas City by 56.0% in the 3rd 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 last quarter. Addison Advisors LLC increased its holdings in shares of Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after buying an additional 279 shares in the last quarter. FSA Wealth Management LLC bought a new position in shares of Canadian Pacific Kansas City in the 3rd quarter valued at $34,000. Asset Dedication LLC bought a new stake in Canadian Pacific Kansas City during the 3rd quarter worth $38,000. Finally, Kennebec Savings Bank acquired a new position in Canadian Pacific Kansas City in the 3rd quarter worth about $42,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

CP has been the topic of a number of recent research reports. Bank of America cut their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Barclays reduced their target price on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Sanford C. Bernstein dropped their price target 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 note on Wednesday, October 9th. Citigroup reduced their price objective on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Finally, Stifel Nicolaus lowered their target price 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average target price of $92.63.

Canadian Pacific Kansas City Stock Up 1.2 %

Canadian Pacific Kansas City stock opened at $80.72 on Tuesday. The company has a market capitalization of $75.36 billion, a PE ratio of 28.83, a PEG ratio of 2.01 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 12-month low of $70.89 and a 12-month high of $91.58. The firm’s fifty day moving average is $74.91 and its 200 day moving average is $79.09. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City Profile

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.