Bank of America Lowers Canadian Pacific Kansas City (NYSE:CP) Price Target to $92.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target lowered by analysts at Bank of America from $97.00 to $92.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Bank of America‘s price target would indicate a potential upside of 12.66% from the stock’s current price.

Several other equities research analysts also recently commented on CP. TD Securities downgraded Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday. Raymond James raised their target price on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, April 22nd. StockNews.com upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, Susquehanna dropped their target price on Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday. Twelve equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.42.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $81.66 on Thursday. The firm has a market capitalization of $76.16 billion, a P/E ratio of 26.17, a P/E/G ratio of 2.12 and a beta of 0.94. Canadian Pacific Kansas City has a 1-year low of $68.92 and a 1-year high of $91.58. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.46. The business’s 50-day simple moving average is $87.04 and its 200-day simple moving average is $79.80.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.01). The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. Equities analysts predict that Canadian Pacific Kansas City will post 3.18 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Sands Capital Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 3rd quarter worth approximately $31,000. Anchor Investment Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $40,000. Independence Bank of Kentucky acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $43,000. McGlone Suttner Wealth Management Inc. acquired a new position in Canadian Pacific Kansas City during the 4th quarter valued at approximately $45,000. Finally, Rational Advisors LLC acquired a new position in Canadian Pacific Kansas City during the 1st quarter valued at approximately $52,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.