Canadian Pacific Kansas City Limited (NYSE:CP) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) have received an average recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $104.9091.

Several equities analysts recently weighed in on CP shares. Citigroup raised their price objective on shares of Canadian Pacific Kansas City from $97.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Sunday. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 16th. Barclays set a $102.00 price target on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday, June 25th. Finally, Evercore set a $91.00 price objective on shares of Canadian Pacific Kansas City and gave the company an “outperform” rating in a research note on Thursday, June 25th.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $91.45 on Thursday. Canadian Pacific Kansas City has a fifty-two week low of $68.42 and a fifty-two week high of $93.95. The stock’s 50-day moving average is $88.96 and its two-hundred day moving average is $83.59. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57. The firm has a market cap of $80.93 billion, a P/E ratio of 28.22, a PEG ratio of 1.84 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly 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 firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.70 billion. Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.06 earnings per share. Analysts predict that Canadian Pacific Kansas City will post 3.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several institutional investors have recently bought and sold shares of the stock. Rothschild & Co Wealth Management UK Ltd lifted its holdings in Canadian Pacific Kansas City by 0.9% in the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,353,188 shares of the transportation company’s stock worth $394,156,000 after purchasing an additional 48,258 shares during the last quarter. Cardinal Capital Management Inc. grew its holdings in Canadian Pacific Kansas City by 3.7% during the fourth quarter. Cardinal Capital Management Inc. now owns 1,549,556 shares of the transportation company’s stock valued at $114,094,000 after purchasing an additional 55,423 shares during the last quarter. Rathbones Group PLC raised its position in shares of Canadian Pacific Kansas City by 5.9% in the fourth quarter. Rathbones Group PLC now owns 1,729,339 shares of the transportation company’s stock valued at $127,342,000 after purchasing an additional 95,727 shares during the period. HighTower Advisors LLC raised its position in shares of Canadian Pacific Kansas City by 6.2% in the fourth quarter. HighTower Advisors LLC now owns 630,624 shares of the transportation company’s stock valued at $46,434,000 after purchasing an additional 37,044 shares during the period. Finally, Jennison Associates LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $1,983,000. 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.