Canadian Pacific Kansas City (NYSE:CP) PT Set at $88.00 by Citigroup

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) has been given a $88.00 price target by stock analysts at Citigroup in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the transportation company’s stock. Citigroup’s price objective suggests a potential upside of 22.50% from the company’s previous close.

A number of other equities research analysts also recently issued reports on CP. Evercore ISI lowered their price objective on Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. National Bankshares restated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 18th. Weiss Ratings restated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Susquehanna set a $87.00 price objective on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada lowered their target price on shares of Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $92.36.

Canadian Pacific Kansas City Price Performance

CP traded up $1.36 during trading hours on Thursday, hitting $71.84. The company’s stock had a trading volume of 1,262,899 shares, compared to its average volume of 2,235,808. The stock has a market cap of $64.45 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 1.61 and a beta of 1.10. The business’s 50-day moving average price is $72.54 and its 200-day moving average price is $75.12. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City has a 12 month low of $66.49 and a 12 month high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, October 29th. The transportation company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the previous year, the business earned $0.99 earnings per share. Sell-side analysts expect that Canadian Pacific Kansas City will post 3.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of institutional investors have recently modified their holdings of CP. Frank Rimerman Advisors LLC boosted its holdings in shares of Canadian Pacific Kansas City by 0.8% in the second quarter. Frank Rimerman Advisors LLC now owns 17,654 shares of the transportation company’s stock valued at $1,399,000 after purchasing an additional 139 shares during the period. Accretive Wealth Partners LLC increased its holdings in Canadian Pacific Kansas City by 1.3% during the 2nd quarter. Accretive Wealth Partners LLC now owns 11,806 shares of the transportation company’s stock worth $936,000 after purchasing an additional 157 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in Canadian Pacific Kansas City by 9.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,153 shares of the transportation company’s stock valued at $171,000 after purchasing an additional 177 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Canadian Pacific Kansas City by 0.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 28,857 shares of the transportation company’s stock worth $2,282,000 after buying an additional 181 shares during the period. Finally, Tanager Wealth Management LLP lifted its holdings in shares of Canadian Pacific Kansas City by 5.5% in the 2nd quarter. Tanager Wealth Management LLP now owns 3,456 shares of the transportation company’s stock worth $274,000 after buying an additional 181 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

About Canadian Pacific Kansas City

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.