Stephens Lowers Canadian Pacific Kansas City (NYSE:CP) Price Target to $81.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective decreased by analysts at Stephens from $85.00 to $81.00 in a research report issued on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the transportation company’s stock. Stephens’ price objective would indicate a potential upside of 4.46% from the company’s previous close.

Several other brokerages also recently weighed in on CP. Evercore ISI increased their price target on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Sanford C. Bernstein lowered 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 report on Wednesday, October 9th. Citigroup lifted their price objective on Canadian Pacific Kansas City from $97.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday. Stifel Nicolaus lowered their target price on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Friday, October 11th. Finally, Bank of America dropped their target price on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.15.

Canadian Pacific Kansas City Stock Up 0.6 %

NYSE CP traded up $0.43 during trading on Monday, hitting $77.54. The company’s stock had a trading volume of 473,507 shares, compared to its average volume of 2,100,771. Canadian Pacific Kansas City has a fifty-two week low of $69.08 and a fifty-two week high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44. The company has a market cap of $72.35 billion, a PE ratio of 24.85, a P/E/G ratio of 2.21 and a beta of 0.96. The business’s 50 day simple moving average is $82.86 and its 200-day simple moving average is $81.30.

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 analysts’ consensus estimates of $1.01 by ($0.02). The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business earned $0.69 EPS. On average, equities analysts anticipate that Canadian Pacific Kansas City will post 3.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Grove Bank & Trust boosted its position in Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after acquiring an additional 130 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth approximately $32,000. Chris Bulman Inc purchased a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at approximately $35,000. Asset Dedication LLC acquired a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at approximately $38,000. Finally, ORG Partners LLC purchased a new position in Canadian Pacific Kansas City during the second quarter worth approximately $39,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.