Canadian Pacific Kansas City (NYSE:CP) Stock Price Expected to Rise, Citigroup Analyst Says

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target raised by stock analysts at Citigroup from $88.00 to $91.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the transportation company’s stock. Citigroup’s price objective suggests a potential upside of 11.75% from the company’s previous close.

A number of other research analysts have also recently issued reports on CP. Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a research report on Wednesday, January 8th. Barclays cut their price objective on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Stifel Nicolaus cut their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, January 16th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday. Finally, StockNews.com downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.45.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock traded up $2.59 on Thursday, reaching $81.43. The company’s stock had a trading volume of 2,066,581 shares, compared to its average volume of 2,887,708. The business’s fifty day moving average price is $75.25 and its 200 day moving average price is $79.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The company has a market cap of $76.02 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 2.01 and a beta of 0.96. Canadian Pacific Kansas City has a twelve month low of $70.89 and a twelve month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results 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 return on equity of 8.78% and a net margin of 24.50%. Equities analysts expect that Canadian Pacific Kansas City will post 3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Hedge funds and other institutional investors have recently made changes to their positions in the business. Grove Bank & Trust raised its position in shares of Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after buying an additional 130 shares in the last quarter. Tower View Wealth Management LLC raised its position in Canadian Pacific Kansas City by 0.3% during the third quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company’s stock valued at $4,410,000 after acquiring an additional 130 shares in the last quarter. Trust Co. of Vermont lifted its holdings in Canadian Pacific Kansas City by 4.7% in the 3rd quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company’s stock worth $260,000 after purchasing an additional 135 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted 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 worth $107,000 after purchasing an additional 141 shares during the last quarter. Finally, Pinnacle Bancorp Inc. increased its stake in Canadian Pacific Kansas City by 13.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company’s stock valued at $90,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds 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.