Transcend Capital Advisors LLC Has $844,000 Stock Position in Canadian Pacific Kansas City Limited $CP

Transcend Capital Advisors LLC boosted its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 10,646 shares of the transportation company’s stock after purchasing an additional 300 shares during the period. Transcend Capital Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $844,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Cornerstone Planning Group LLC lifted its position in Canadian Pacific Kansas City by 209.8% during the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock worth $28,000 after acquiring an additional 256 shares during the last quarter. North Capital Inc. acquired a new stake in Canadian Pacific Kansas City during the first quarter worth approximately $27,000. Cheviot Value Management LLC acquired a new stake in Canadian Pacific Kansas City during the first quarter worth approximately $30,000. Hexagon Capital Partners LLC lifted its position in Canadian Pacific Kansas City by 49.5% during the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock worth $35,000 after acquiring an additional 164 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Canadian Pacific Kansas City during the first quarter worth approximately $35,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Citigroup cut their price objective on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Monday, October 13th. National Bankshares restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Susquehanna cut their price objective on shares of Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating for the company in a research report on Thursday, September 25th. Finally, Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $91.38.

Canadian Pacific Kansas City Stock Down 0.0%

NYSE CP opened at $74.43 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $83.65. The company has a 50 day moving average of $75.58 and a 200-day moving average of $76.99. The company has a market cap of $67.50 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 2.11 and a beta of 1.08.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 earnings per share. On average, equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City 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.