Canadian Pacific Kansas City (NYSE:CP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) from a sell rating to a hold rating in a report published on Sunday.

A number of other brokerages have also recently commented on CP. Sanford C. Bernstein boosted their price target on 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. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, June 24th. Susquehanna boosted their target price on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. Finally, Evercore set a $91.00 target price on Canadian Pacific Kansas City and gave the stock an “outperform” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $104.91.

Canadian Pacific Kansas City Price Performance

CP opened at $91.74 on Friday. The stock has a fifty day simple moving average of $89.07 and a two-hundred day simple moving average of $83.74. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46. The company has a market cap of $81.19 billion, a price-to-earnings ratio of 28.31, a price-to-earnings-growth ratio of 1.82 and a beta of 1.10. Canadian Pacific Kansas City has a 12-month low of $68.42 and a 12-month high of $93.95.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the firm posted $1.06 EPS. The business’s quarterly revenue was down 2.5% on a year-over-year basis. Research analysts predict that Canadian Pacific Kansas City will post 3.69 earnings per share for the current fiscal year.

Institutional Trading of Canadian Pacific Kansas City

Several institutional investors have recently added to or reduced their stakes in CP. Prosperity Bancshares Inc bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at $26,000. Gilpin Wealth Management LLC bought a new stake in Canadian Pacific Kansas City in the 4th quarter worth about $29,000. McMillan Office Inc. purchased a new position in Canadian Pacific Kansas City in the 4th quarter worth about $31,000. Wealth Watch Advisors INC purchased a new position in Canadian Pacific Kansas City in the 3rd quarter worth about $36,000. Finally, Acadian Asset Management LLC bought a new position in Canadian Pacific Kansas City during the 1st quarter valued at about $35,000. 72.20% of the stock is currently owned by hedge funds and other 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.