Benchmark Reiterates “Hold” Rating for Canadian Pacific Kansas City (NYSE:CP)

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP)‘s stock had its “hold” rating reissued by investment analysts at Benchmark in a research report issued on Thursday,Benzinga reports.

Several other analysts also recently commented on CP. Citigroup reduced their target price on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Stifel Nicolaus reduced their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, January 16th. Stephens lifted their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday. Barclays dropped their price objective on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average price target of $92.94.

Canadian Pacific Kansas City Stock Up 3.4 %

Canadian Pacific Kansas City stock traded up $2.65 during mid-day trading on Thursday, reaching $81.49. The company’s stock had a trading volume of 1,605,597 shares, compared to its average volume of 2,858,510. The business’s 50 day simple moving average is $75.25 and its 200 day simple moving average is $79.04. Canadian Pacific Kansas City has a 12 month low of $70.89 and a 12 month high of $91.58. The company has a market capitalization of $76.08 billion, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. As a group, research analysts anticipate that Canadian Pacific Kansas City will post 3 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CP. Millennium Management LLC boosted its position in shares of Canadian Pacific Kansas City by 2,685.7% during the 2nd quarter. Millennium Management LLC now owns 111,427 shares of the transportation company’s stock valued at $8,773,000 after acquiring an additional 107,427 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Canadian Pacific Kansas City by 9.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,275 shares of the transportation company’s stock valued at $809,000 after acquiring an additional 919 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Canadian Pacific Kansas City during the 2nd quarter valued at approximately $3,267,000. Heritage Wealth Management Inc. bought a new position in shares of Canadian Pacific Kansas City during the 2nd quarter valued at approximately $612,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of Canadian Pacific Kansas City by 12.7% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,252 shares of the transportation company’s stock valued at $107,000 after acquiring an additional 141 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

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.