Canadian Pacific Kansas City (NYSE:CP) PT Lowered to $89.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective cut by stock analysts at Evercore ISI from $90.00 to $89.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s price objective would indicate a potential upside of 9.24% from the stock’s current price.

CP has been the topic of several other reports. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, April 10th. Raymond James lifted their target price on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday. StockNews.com upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Stifel Nicolaus lifted their target price on Canadian Pacific Kansas City from $80.00 to $83.00 and gave the stock a “hold” rating in a report on Friday, April 12th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Canadian Pacific Kansas City in a report on Monday, March 25th. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $97.17.

Canadian Pacific Kansas City Trading Down 0.6 %

CP traded down $0.46 during mid-day trading on Thursday, reaching $81.47. The stock had a trading volume of 698,255 shares, compared to its average volume of 2,085,183. The stock has a market capitalization of $75.98 billion, a P/E ratio of 25.94, a P/E/G ratio of 2.25 and a beta of 0.94. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53. The firm’s fifty day simple moving average is $87.18 and its two-hundred day simple moving average is $79.73. Canadian Pacific Kansas City has a 52 week low of $68.92 and a 52 week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.59 billion. On average, equities analysts predict that Canadian Pacific Kansas City will post 3.2 EPS for the current year.

Institutional Trading of Canadian Pacific Kansas City

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new stake in Canadian Pacific Kansas City during the fourth quarter valued at $979,890,000. TD Asset Management Inc boosted its position in shares of Canadian Pacific Kansas City by 47.7% during the 4th quarter. TD Asset Management Inc now owns 21,170,926 shares of the transportation company’s stock worth $1,682,256,000 after purchasing an additional 6,835,271 shares in the last quarter. Legal & General Group Plc bought a new position in Canadian Pacific Kansas City in the 3rd quarter valued at about $481,016,000. Sustainable Growth Advisers LP lifted its position in Canadian Pacific Kansas City by 151.4% in the 3rd quarter. Sustainable Growth Advisers LP now owns 7,847,292 shares of the transportation company’s stock valued at $583,917,000 after acquiring an additional 4,726,098 shares in the last quarter. Finally, Causeway Capital Management LLC bought a new position in Canadian Pacific Kansas City in the 3rd quarter valued at about $305,505,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

About Canadian Pacific Kansas City

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.