Barclays Issues Pessimistic Forecast for Canadian Pacific Kansas City (NYSE:CP) Stock Price

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its target price reduced by Barclays from $93.00 to $91.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. Barclays‘s price target would suggest a potential upside of 16.00% from the company’s previous close.

A number of other equities research analysts have also commented on the company. Wall Street Zen lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd. National Bank Financial cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Evercore dropped their target price on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $124.00 price target (down from $127.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Finally, Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, January 21st. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $92.00.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $78.45 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City has a 12-month low of $66.49 and a 12-month high of $89.42. The firm has a fifty day moving average of $80.43 and a 200-day moving average of $76.02. The firm has a market capitalization of $70.44 billion, a price-to-earnings ratio of 24.29, a price-to-earnings-growth ratio of 1.63 and a beta of 1.06.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.04). The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.29 EPS. On average, equities research analysts forecast that Canadian Pacific Kansas City will post 3.42 earnings per share for the current year.

Institutional Trading of Canadian Pacific Kansas City

A number of hedge funds and other institutional investors have recently made changes to their positions in CP. Dilation Capital Management LP grew its position in Canadian Pacific Kansas City by 4.4% in the third quarter. Dilation Capital Management LP now owns 170,269 shares of the transportation company’s stock valued at $12,683,000 after purchasing an additional 7,105 shares in the last quarter. Meixler Investment Management Ltd. bought a new stake in Canadian Pacific Kansas City during the 3rd quarter worth about $1,644,000. AGF Management Ltd. boosted its stake in shares of Canadian Pacific Kansas City by 9.9% during the 3rd quarter. AGF Management Ltd. now owns 2,001,292 shares of the transportation company’s stock worth $149,215,000 after buying an additional 180,419 shares during the last quarter. Nicola Wealth Management LTD. grew its holdings in shares of 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 valued at $10,539,000 after acquiring an additional 45,100 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of 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 in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.