Canadian Pacific Kansas City (NYSE:CP) Stock Price Expected to Rise, Citigroup Analyst Says

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective hoisted by Citigroup from $88.00 to $91.00 in a report issued on Thursday,BayStreet.CA reports. Citigroup currently has a buy rating on the transportation company’s stock.

CP has been the subject of a number of other reports. Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price for the company in a research report on Wednesday, January 8th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday. StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Sanford C. Bernstein cut 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 report on Wednesday, October 9th. Finally, Barclays decreased 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 note on Friday, January 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.45.

Canadian Pacific Kansas City Stock Performance

CP opened at $79.69 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The stock has a market cap of $74.39 billion, a price-to-earnings ratio of 28.46, a PEG ratio of 2.01 and a beta of 0.96. Canadian Pacific Kansas City has a 12-month low of $70.89 and a 12-month high of $91.58. The business has a 50 day moving average of $75.25 and a 200-day moving average of $79.04.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. On average, equities research analysts expect that Canadian Pacific Kansas City will post 3 earnings per share for the current year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of large investors have recently bought and sold shares of the stock. Grove Bank & Trust increased its holdings 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 acquiring an additional 130 shares in the last quarter. Addison Advisors LLC increased its stake 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 purchasing an additional 279 shares in the last quarter. FSA Wealth Management LLC acquired a new position in Canadian Pacific Kansas City during the third quarter worth $34,000. Asset Dedication LLC bought a new position in shares of Canadian Pacific Kansas City in the third quarter valued at $38,000. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $34,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Company 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.