Canadian Pacific Kansas City (NYSE:CP) PT Lowered to $91.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target dropped by stock analysts at Bank of America from $94.00 to $91.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Bank of America‘s target price suggests a potential upside of 18.03% from the stock’s previous close.

A number of other research analysts also recently weighed in on the company. Barclays raised their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Jefferies Financial Group reduced their price objective on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Sanford C. Bernstein decreased their price objective 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. Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Finally, Citigroup started coverage on shares of Canadian Pacific Kansas City in a report on Wednesday, October 9th. They set a “buy” rating and a $97.00 price target for the company. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $97.78.

Canadian Pacific Kansas City Stock Performance

CP stock opened at $77.10 on Thursday. The firm has a 50 day moving average of $82.90 and a two-hundred day moving average of $81.48. Canadian Pacific Kansas City has a 12 month low of $69.07 and a 12 month high of $91.58. The company has a market capitalization of $71.94 billion, a price-to-earnings ratio of 24.71, a P/E/G 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 issued its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities analysts anticipate that Canadian Pacific Kansas City will post 3.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several large investors have recently modified their holdings of CP. Choate Investment Advisors boosted its stake in Canadian Pacific Kansas City by 24.2% in the 1st quarter. Choate Investment Advisors now owns 72,010 shares of the transportation company’s stock valued at $6,349,000 after buying an additional 14,037 shares in the last quarter. Encompass Capital Advisors LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $11,810,000. Blue Zone Wealth Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth about $4,160,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Canadian Pacific Kansas City by 0.6% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,229,212 shares of the transportation company’s stock worth $196,672,000 after purchasing an additional 13,727 shares in the last quarter. Finally, Maryland State Retirement & Pension System increased its position in shares of Canadian Pacific Kansas City by 53.0% during the 1st quarter. Maryland State Retirement & Pension System now owns 49,072 shares of the transportation company’s stock worth $4,100,000 after purchasing an additional 16,995 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

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.