Canadian Pacific Kansas City (NYSE:CP) Rating Lowered to “Hold” at Zacks Research

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

A number of other equities research analysts have also recently issued reports on CP. Royal Bank Of Canada restated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 24th. Weiss Ratings upgraded Canadian Pacific Kansas City from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. Citizens Jmp initiated coverage on Canadian Pacific Kansas City in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th. Finally, Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average price target of $111.83.

Canadian Pacific Kansas City Trading Up 1.4%

NYSE:CP opened at $91.12 on Monday. Canadian Pacific Kansas City has a 1 year low of $68.42 and a 1 year high of $96.90. The firm’s fifty day simple moving average is $89.06 and its 200 day simple moving average is $85.64. The firm has a market capitalization of $79.73 billion, a PE ratio of 29.30 and a beta of 1.13.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. The business’s revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.12 EPS. As a group, analysts anticipate that Canadian Pacific Kansas City will post 3.68 EPS for the current fiscal year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several large investors have recently bought and sold shares of CP. Fiduciary Financial Advisors acquired a new stake in Canadian Pacific Kansas City in the 2nd quarter worth $25,000. Balance Wealth Partners LLC acquired a new position in shares of Canadian Pacific Kansas City during the third quarter valued at about $39,000. Jones Financial Companies Lllp acquired a new position in shares of Canadian Pacific Kansas City during the second quarter valued at about $44,000. Western Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at about $50,000. Finally, Knuff & Co LLC bought a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at about $50,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited (NYSE: CP) is a North American transportation company that operates Canadian Pacific Kansas City (CPKC), a Class I freight railway. The company was created in 2023 through the combination of Canadian Pacific and Kansas City Southern, forming the first single-line railroad connecting Canada, the United States and Mexico.

CPKC transports a broad range of freight, including grain and fertilizers, coal, forest products, automotive goods, energy and chemicals, industrial and consumer products, and intermodal shipments.