Canadian Pacific Kansas City (NYSE:CP) Upgraded to Hold at Stephens

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was upgraded by stock analysts at Stephens to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

CP has been the topic of several other research reports. Wells Fargo & Company upped their price objective on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday. Sanford C. Bernstein increased their target price on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. Citigroup boosted their price target on shares of Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Canadian Imperial Bank of Commerce boosted their target price on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a report on Thursday, June 25th. Finally, Susquehanna reiterated a “positive” rating and issued a $104.00 price objective on shares of Canadian Pacific Kansas City in a research report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus target price of $103.91.

Canadian Pacific Kansas City Stock Performance

CP stock opened at $89.50 on Wednesday. The business has a 50 day moving average of $87.41 and a 200-day moving average of $81.99. The firm has a market cap of $79.20 billion, a PE ratio of 27.62, a P/E/G ratio of 1.74 and a beta of 1.10. Canadian Pacific Kansas City has a 12-month low of $68.42 and a 12-month high of $91.52. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.02). The business had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.06 earnings per share. As a group, sell-side analysts expect that Canadian Pacific Kansas City will post 3.75 earnings per share for the current year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of large investors have recently added to or reduced their stakes in the company. Prosperity Bancshares Inc purchased a new stake in Canadian Pacific Kansas City during the fourth quarter valued at approximately $26,000. Gilpin Wealth Management LLC purchased a new position in Canadian Pacific Kansas City during the 4th quarter worth $29,000. McMillan Office Inc. purchased a new stake in Canadian Pacific Kansas City in the fourth quarter valued at about $31,000. Acadian Asset Management LLC acquired a new stake in Canadian Pacific Kansas City in the first quarter worth about $35,000. Finally, Wealth Watch Advisors INC purchased a new stake in shares of Canadian Pacific Kansas City during the third quarter worth about $36,000. 72.20% of the stock is currently owned by 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.