Citigroup Increases Canadian Pacific Kansas City (NYSE:CP) Price Target to $106.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target boosted by Citigroup from $97.00 to $106.00 in a research report issued to clients and investors on Thursday, Marketbeat reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Citigroup’s target price suggests a potential upside of 17.56% from the stock’s current price.

A number of other brokerages have also recently commented on CP. National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, June 24th. Susquehanna reissued a “positive” rating and set a $104.00 target price on shares of Canadian Pacific Kansas City in a report on Friday, June 5th. Finally, Stephens raised Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.73.

Canadian Pacific Kansas City Trading Down 0.2%

Shares of CP stock opened at $90.17 on Thursday. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46. The firm has a market cap of $79.80 billion, a P/E ratio of 27.83, a PEG ratio of 1.77 and a beta of 1.10. The company has a 50 day moving average of $87.60 and a 200-day moving average of $82.16. Canadian Pacific Kansas City has a 12-month low of $68.42 and a 12-month high of $91.52.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.02). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the previous year, the company posted $1.06 EPS. Canadian Pacific Kansas City’s revenue for the quarter was down 2.5% on a year-over-year basis. Sell-side analysts anticipate that Canadian Pacific Kansas City will post 3.75 earnings per share for the current year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CP. GAMMA Investing LLC raised its holdings in shares of Canadian Pacific Kansas City by 3.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,511 shares of the transportation company’s stock valued at $304,000 after acquiring an additional 130 shares in the last quarter. Foster Group Inc. grew its holdings 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 acquiring an additional 137 shares during the last quarter. Modern Wealth Management LLC increased its position in shares of Canadian Pacific Kansas City by 1.2% in the first 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. Altshuler Shaham Ltd raised its stake in shares of Canadian Pacific Kansas City by 1.2% during the first 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. Finally, Cromwell Holdings LLC boosted its holdings in shares of Canadian Pacific Kansas City by 8.1% during the fourth quarter. Cromwell Holdings LLC now owns 1,936 shares of the transportation company’s stock worth $143,000 after purchasing an additional 145 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.