Canadian Pacific Kansas City (NYSE:CP) Price Target Cut to $82.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target reduced by research analysts at Stifel Nicolaus from $83.00 to $82.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price points to a potential downside of 0.07% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Sanford C. Bernstein decreased their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a report on Wednesday. Barclays raised their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Jefferies Financial Group decreased their price target on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Evercore ISI raised their price target 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. Finally, Citigroup initiated coverage on Canadian Pacific Kansas City in a report on Wednesday. They issued a “buy” rating and a $97.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus target price of $97.90.

Canadian Pacific Kansas City Stock Up 1.1 %

Shares of CP stock opened at $82.06 on Friday. The stock has a 50 day moving average of $82.47 and a 200-day moving average of $81.91. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. The firm has a market cap of $76.59 billion, a PE ratio of 29.62, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96. Canadian Pacific Kansas City has a 12 month low of $68.92 and a 12 month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.31. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.58 billion. During the same period in the prior year, the company posted $0.62 earnings per share. Canadian Pacific Kansas City’s revenue was up 13.5% on a year-over-year basis. On average, equities analysts predict that Canadian Pacific Kansas City will post 3.2 EPS for the current year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of hedge funds have recently modified their holdings of CP. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Canadian Pacific Kansas City by 757.9% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,303,549 shares of the transportation company’s stock worth $342,191,000 after purchasing an additional 3,801,910 shares during the period. V Square Quantitative Management LLC acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at approximately $520,000. Virtu Financial LLC acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at approximately $541,000. Syon Capital LLC raised its position in Canadian Pacific Kansas City by 22.4% in the 4th quarter. Syon Capital LLC now owns 11,549 shares of the transportation company’s stock valued at $913,000 after buying an additional 2,116 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in Canadian Pacific Kansas City by 7.0% in the 4th quarter. Fisher Asset Management LLC now owns 379,356 shares of the transportation company’s stock valued at $29,992,000 after buying an additional 24,818 shares during the last quarter. Institutional investors and hedge funds 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.