Sanford C. Bernstein Issues Positive Forecast for Canadian Pacific Kansas City (NYSE:CP) Stock Price

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective upped by investment analysts at Sanford C. Bernstein from $85.41 to $90.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the transportation company’s stock. Sanford C. Bernstein’s target price points to a potential upside of 16.68% from the stock’s current price.

A number of other analysts have also recently weighed in on CP. Evercore dropped their price target on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, January 21st. Wall Street Zen cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd. Royal Bank Of Canada reiterated an “outperform” rating and set a $124.00 price objective (down from $127.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. Finally, Morgan Stanley raised Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.82.

Canadian Pacific Kansas City Stock Down 0.5%

Shares of Canadian Pacific Kansas City stock traded down $0.39 during trading on Tuesday, reaching $77.13. The company had a trading volume of 1,684,006 shares, compared to its average volume of 2,737,746. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.49. Canadian Pacific Kansas City has a fifty-two week low of $66.49 and a fifty-two week high of $89.42. The firm’s fifty day moving average is $80.64 and its 200-day moving average is $76.07. The company has a market cap of $69.26 billion, a price-to-earnings ratio of 23.87, a price-to-earnings-growth ratio of 1.59 and a beta of 1.05.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 8.91% and a net margin of 27.49%.The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $1.29 earnings per share. On average, analysts anticipate that Canadian Pacific Kansas City will post 3.42 EPS for the current year.

Institutional Trading of Canadian Pacific Kansas City

Hedge funds and other institutional investors have recently made changes to their positions in the business. Frank Rimerman Advisors LLC grew its position in Canadian Pacific Kansas City by 0.8% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 17,799 shares of the transportation company’s stock worth $1,326,000 after purchasing an additional 145 shares in the last quarter. Cromwell Holdings LLC boosted its stake in shares of Canadian Pacific Kansas City by 8.1% during the 4th quarter. Cromwell Holdings LLC now owns 1,936 shares of the transportation company’s stock valued at $143,000 after buying an additional 145 shares during the period. Dorsey & Whitney Trust CO LLC grew its position in Canadian Pacific Kansas City by 3.2% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 5,033 shares of the transportation company’s stock worth $371,000 after acquiring an additional 157 shares in the last quarter. Fortune Financial Advisors LLC increased its stake in shares of Canadian Pacific Kansas City by 1.2% during the 4th quarter. Fortune Financial Advisors LLC now owns 13,623 shares of the transportation company’s stock worth $1,003,000 after purchasing an additional 158 shares during the last quarter. Finally, Brookstone Capital Management raised its holdings in shares of Canadian Pacific Kansas City by 1.2% during the 4th quarter. Brookstone Capital Management now owns 14,355 shares of the transportation company’s stock valued at $1,057,000 after purchasing an additional 176 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Company Profile

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.