Canadian Pacific Kansas City (NYSE:CP) Raised to Hold at Wall Street Zen

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Monday.

Several other research firms have also recently issued reports on CP. Susquehanna set a $87.00 target price on Canadian Pacific Kansas City in a research note on Thursday, October 30th. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, January 21st. National Bank Financial cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Finally, Citigroup dropped their price target on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Canadian Pacific Kansas City Trading Up 1.8%

Shares of CP opened at $86.31 on Monday. Canadian Pacific Kansas City has a 12-month low of $66.49 and a 12-month high of $86.34. The firm has a market capitalization of $77.49 billion, a P/E ratio of 26.72, a P/E/G ratio of 1.81 and a beta of 1.10. The firm has a 50-day moving average price of $76.21 and a 200 day moving average price of $74.85. 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 (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.04). The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.88%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.29 earnings per share. Sell-side analysts forecast that Canadian Pacific Kansas City will post 3.42 EPS for the current year.

Institutional Trading of Canadian Pacific Kansas City

Large investors have recently modified their holdings of the stock. Dilation Capital Management LP boosted its stake in shares of Canadian Pacific Kansas City by 4.4% during the 3rd quarter. Dilation Capital Management LP now owns 170,269 shares of the transportation company’s stock worth $12,683,000 after purchasing an additional 7,105 shares during the last quarter. Meixler Investment Management Ltd. purchased a new position in shares of Canadian Pacific Kansas City during the third quarter valued at approximately $1,644,000. AGF Management Ltd. grew its stake in Canadian Pacific Kansas City by 9.9% in the 3rd quarter. AGF Management Ltd. now owns 2,001,292 shares of the transportation company’s stock worth $149,215,000 after acquiring an additional 180,419 shares during the period. Nicola Wealth Management LTD. grew its stake in Canadian Pacific Kansas City by 46.8% in the 3rd quarter. Nicola Wealth Management LTD. now owns 141,500 shares of the transportation company’s stock worth $10,539,000 after acquiring an additional 45,100 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Canadian Pacific Kansas City by 1.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,127,435 shares of the transportation company’s stock valued at $83,985,000 after acquiring an additional 14,916 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.