Evercore Lowers Canadian Pacific Kansas City (NYSE:CP) Price Target to $89.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective dropped by analysts at Evercore from $90.00 to $89.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the transportation company’s stock. Evercore’s price target would indicate a potential upside of 8.99% from the company’s previous close.

Several other equities research analysts have also commented on CP. Susquehanna cut their price target on shares of Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday. Evercore ISI dropped their target price on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a report on Thursday. TD Securities lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Barclays upped their target price on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Finally, Susquehanna Bancshares lowered shares of Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and dropped their target price for the stock from $90.00 to $87.00 in a report on Monday, January 8th. Twelve analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $96.42.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $81.66 on Thursday. The firm has a market cap of $76.16 billion, a PE ratio of 26.17, a PEG ratio of 2.12 and a beta of 0.94. The firm has a fifty day moving average of $87.04 and a 200 day moving average of $79.80. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.46 and a current ratio of 0.49. Canadian Pacific Kansas City has a one year low of $68.92 and a one year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. As a group, research analysts predict that Canadian Pacific Kansas City will post 3.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Hedge funds have recently modified their holdings of the stock. Sands Capital Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the third quarter worth $31,000. Anchor Investment Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $40,000. Independence Bank of Kentucky acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $43,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $45,000. Finally, Rational Advisors LLC acquired a new stake in shares of Canadian Pacific Kansas City during the first quarter worth $52,000. 72.20% of the stock is 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.