Canadian Pacific Kansas City (NYSE:CP) Raised to “Overweight” at Stephens

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was upgraded by research analysts at Stephens from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Monday, Marketbeat reports. The firm presently has a $88.00 price objective on the transportation company’s stock, up from their prior price objective of $81.00. Stephens’ price target would suggest a potential upside of 14.03% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Stifel Nicolaus dropped their price target on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Friday, October 11th. Barclays raised their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Evercore ISI boosted their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Finally, Bank of America reduced their price objective on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $93.79.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $77.17 on Monday. The firm has a market cap of $72.03 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96. Canadian Pacific Kansas City has a 52 week low of $70.89 and a 52 week high of $91.58. The firm’s fifty day moving average is $75.21 and its 200-day moving average is $79.41. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 earnings per share. Sell-side analysts predict that Canadian Pacific Kansas City will post 3.05 earnings per share for the current year.

Institutional Trading of Canadian Pacific Kansas City

A number of hedge funds and other institutional investors have recently bought and sold shares of CP. Grove Bank & Trust increased its holdings in shares of Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after purchasing an additional 130 shares during the period. Tower View Wealth Management LLC raised its holdings in shares of Canadian Pacific Kansas City by 0.3% in the 3rd quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company’s stock valued at $4,410,000 after acquiring an additional 130 shares in the last quarter. Bradley Foster & Sargent Inc. CT boosted its position in shares of Canadian Pacific Kansas City by 3.0% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 4,504 shares of the transportation company’s stock valued at $355,000 after acquiring an additional 131 shares during the last quarter. Trust Co. of Vermont grew its holdings in shares of Canadian Pacific Kansas City by 4.7% during the third quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company’s stock worth $260,000 after purchasing an additional 135 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in Canadian Pacific Kansas City by 12.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,252 shares of the transportation company’s stock valued at $107,000 after purchasing an additional 141 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.