Cardinal Capital Management Inc. Increases Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Cardinal Capital Management Inc. increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,247,403 shares of the transportation company’s stock after acquiring an additional 56,012 shares during the quarter. Canadian Pacific Kansas City comprises approximately 3.1% of Cardinal Capital Management Inc.’s investment portfolio, making the stock its 13th biggest position. Cardinal Capital Management Inc.’s holdings in Canadian Pacific Kansas City were worth $90,115,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CP. Grove Bank & Trust lifted its stake in shares of Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after buying an additional 130 shares in the last quarter. Addison Advisors LLC boosted its holdings in shares of Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after purchasing an additional 279 shares during the last quarter. FSA Wealth Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth approximately $34,000. Asset Dedication LLC purchased a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at approximately $38,000. Finally, Kennebec Savings Bank acquired a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at approximately $42,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CP. Evercore ISI upped their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, September 25th. Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a report on Wednesday, January 8th. Stifel Nicolaus reduced their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, January 16th. Barclays dropped their price target on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Sanford C. Bernstein reduced their price target on shares of 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, October 9th. 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 company’s stock. According to MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average price target of $92.63.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $78.51 on Thursday. The firm’s fifty day simple moving average is $74.71 and its 200-day simple moving average is $79.10. The firm has a market capitalization of $73.29 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 1.99 and a beta of 0.96. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $91.58. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

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). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the company posted $0.69 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Equities analysts forecast that Canadian Pacific Kansas City Limited will post 3 EPS 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.