Canadian Pacific Kansas City (NYSE:CP) Stock Rating Upgraded by Zacks Research

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday, Zacks reports.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings raised Canadian Pacific Kansas City from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. Canadian Imperial Bank of Commerce lifted their price target on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a research report on Thursday, June 25th. Royal Bank Of Canada restated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 24th. Argus set a $105.00 price objective on shares of Canadian Pacific Kansas City in a report on Tuesday, June 16th. Finally, Citigroup boosted their target price on shares of Canadian Pacific Kansas City from $106.00 to $109.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.60.

Canadian Pacific Kansas City Stock Down 0.7%

Canadian Pacific Kansas City stock opened at $84.50 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. Canadian Pacific Kansas City has a 12-month low of $68.42 and a 12-month high of $96.90. The firm’s fifty day moving average is $90.70 and its 200 day moving average is $87.44. The company has a market capitalization of $73.94 billion, a PE ratio of 27.17, a PEG ratio of 1.69 and a beta of 1.13.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the previous year, the firm posted $1.12 earnings per share. The business’s revenue was up 12.6% compared to the same quarter last year. As a group, sell-side analysts predict that Canadian Pacific Kansas City will post 3.89 EPS for the current fiscal year.

Institutional Trading of Canadian Pacific Kansas City

A number of large investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Canadian Pacific Kansas City by 3.8% in the second quarter. GAMMA Investing LLC now owns 3,511 shares of the transportation company’s stock worth $304,000 after purchasing an additional 130 shares during the last quarter. First Eagle Investment Management LLC raised its position in Canadian Pacific Kansas City by 4.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 3,516 shares of the transportation company’s stock worth $305,000 after buying an additional 134 shares during the last quarter. Foster Group Inc. raised its position in Canadian Pacific Kansas City by 3.3% in the 2nd quarter. Foster Group Inc. now owns 4,279 shares of the transportation company’s stock worth $371,000 after buying an additional 137 shares during the last quarter. Modern Wealth Management LLC lifted its stake in Canadian Pacific Kansas City by 1.2% during the 1st quarter. Modern Wealth Management LLC now owns 12,170 shares of the transportation company’s stock valued at $950,000 after acquiring an additional 142 shares during the period. Finally, Altshuler Shaham Ltd boosted its holdings in shares of Canadian Pacific Kansas City by 1.2% during the 1st quarter. Altshuler Shaham Ltd now owns 11,766 shares of the transportation company’s stock valued at $926,000 after acquiring an additional 144 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited (NYSE:CP) is a North American transportation company that operates a single-line railway linking Canada, the United States and Mexico. Headquartered in Calgary, Alberta, the company provides freight transportation and supply-chain services for customers across its extensive rail network.

CPKC transports a diverse range of products, including grain and fertilizers, coal, forest and industrial products, energy-related materials, automotive shipments, merchandise and intermodal freight.