Evercore ISI Lowers Canadian Pacific Kansas City (NYSE:CP) Price Target to $89.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target reduced by analysts at Evercore ISI from $90.00 to $89.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s price target would suggest a potential upside of 8.99% from the stock’s previous close.

A number of other brokerages also recently weighed in on CP. Raymond James boosted their price target on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. Scotiabank reissued a “sector perform” rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. StockNews.com raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Barclays upped their target price 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. Finally, Bank of America upped their target price on Canadian Pacific Kansas City from $87.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Twelve research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $96.42.

Canadian Pacific Kansas City Price Performance

NYSE:CP opened at $81.66 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53. The stock’s 50-day simple moving average is $87.04 and its 200 day simple moving average is $79.80. The company has a market cap of $76.16 billion, a P/E ratio of 26.17, a P/E/G ratio of 2.10 and a beta of 0.94. Canadian Pacific Kansas City has a 52-week low of $68.92 and a 52-week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.57%. As a group, sell-side analysts forecast that Canadian Pacific Kansas City will post 3.2 EPS for the current fiscal year.

Institutional Trading of Canadian Pacific Kansas City

Large investors have recently bought and sold shares of the business. Sands Capital Management LLC bought a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth about $31,000. Anchor Investment Management LLC bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth about $40,000. Independence Bank of Kentucky bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth about $43,000. McGlone Suttner Wealth Management Inc. bought a new position in Canadian Pacific Kansas City in the 4th quarter valued at about $45,000. Finally, Rational Advisors LLC bought a new position in Canadian Pacific Kansas City in the 1st quarter valued at about $52,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.