Canadian Pacific Kansas City (NYSE:CP) Price Target Raised to $92.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target upped by research analysts at Stephens from $88.00 to $92.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. Stephens’ price target suggests a potential upside of 13.70% from the company’s previous close.

A number of other analysts also recently weighed in on CP. StockNews.com downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Barclays decreased their target price on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Wells Fargo & Company cut their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Finally, Bank of America decreased their price objective on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $92.94.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock traded up $2.07 during midday trading on Thursday, hitting $80.91. 774,811 shares of the company’s stock were exchanged, compared to its average volume of 2,823,776. The company has a market cap of $75.54 billion, a P/E ratio of 28.90, a PEG ratio of 2.01 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The stock has a 50-day moving average price of $75.25 and a two-hundred day moving average price of $79.04. Canadian Pacific Kansas City has a 52-week low of $70.89 and a 52-week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. On average, equities research analysts forecast that Canadian Pacific Kansas City will post 3 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Grove Bank & Trust boosted its position in shares of Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 130 shares in the last quarter. Addison Advisors LLC increased its stake in shares of Canadian Pacific Kansas City by 246.9% in the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after acquiring an additional 279 shares in the last quarter. FSA Wealth Management LLC bought a new stake in Canadian Pacific Kansas City during the third quarter worth about $34,000. Asset Dedication LLC purchased a new stake in Canadian Pacific Kansas City in the third quarter worth about $38,000. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $34,000. Hedge funds and other 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.