Canadian Pacific Kansas City (NYSE:CP) PT Raised to $130.00 at Raymond James

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target hoisted by investment analysts at Raymond James from $120.00 to $130.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Raymond James’ target price suggests a potential upside of 48.20% from the stock’s previous close. Raymond James also issued estimates for Canadian Pacific Kansas City’s Q1 2024 earnings at $0.69 EPS and FY2024 earnings at $3.17 EPS.

Several other research analysts have also recently weighed in on CP. Jefferies Financial Group initiated coverage on Canadian Pacific Kansas City in a research report on Monday, April 8th. They set a “buy” rating and a $105.00 price objective for the company. Bank of America lifted their price target on shares of Canadian Pacific Kansas City from $87.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Susquehanna reduced their price objective on shares of Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Thursday, March 28th. TD Securities downgraded Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, Barclays increased their price target on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $97.22.

Canadian Pacific Kansas City Stock Performance

CP stock opened at $87.72 on Monday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City has a twelve month low of $68.92 and a twelve month high of $91.58. The company has a market cap of $81.81 billion, a P/E ratio of 27.94, a price-to-earnings-growth ratio of 2.17 and a beta of 0.94. The business’s fifty day moving average is $87.24 and its 200-day moving average is $79.71.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.04. The business had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. Equities research analysts forecast that Canadian Pacific Kansas City will post 3.21 EPS for the current year.

Institutional Trading of Canadian Pacific Kansas City

Several institutional investors and hedge funds have recently made changes to their positions in CP. Dynamic Advisor Solutions LLC purchased a new position in shares of Canadian Pacific Kansas City during the 3rd quarter valued at about $237,000. CWM LLC boosted its stake in shares of Canadian Pacific Kansas City by 13.6% in the 3rd quarter. CWM LLC now owns 17,676 shares of the transportation company’s stock valued at $1,315,000 after purchasing an additional 2,120 shares in the last quarter. AdvisorNet Financial Inc grew its holdings in shares of Canadian Pacific Kansas City by 452.1% during the 3rd quarter. AdvisorNet Financial Inc now owns 519 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 425 shares during the last quarter. Ritholtz Wealth Management raised its position in Canadian Pacific Kansas City by 3.8% in the 3rd quarter. Ritholtz Wealth Management now owns 6,790 shares of the transportation company’s stock worth $505,000 after purchasing an additional 249 shares during the period. Finally, Arkadios Wealth Advisors raised its position in Canadian Pacific Kansas City by 7.4% in the 3rd quarter. Arkadios Wealth Advisors now owns 3,690 shares of the transportation company’s stock worth $275,000 after purchasing an additional 253 shares during the period. 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.