Keeley Teton Advisors LLC Purchases Shares of 2,396 Canadian Pacific Kansas City Limited (NYSE:CP)

Keeley Teton Advisors LLC purchased a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 1st quarter, Holdings Channel reports. The fund purchased 2,396 shares of the transportation company’s stock, valued at approximately $211,000.

Other hedge funds have also added to or reduced their stakes in the company. YCG LLC lifted its holdings in shares of Canadian Pacific Kansas City by 32.5% during the fourth quarter. YCG LLC now owns 372,422 shares of the transportation company’s stock worth $29,444,000 after buying an additional 91,276 shares in the last quarter. JARISLOWSKY FRASER Ltd lifted its holdings in shares of Canadian Pacific Kansas City by 63.6% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 89,644 shares of the transportation company’s stock worth $7,127,000 after buying an additional 34,856 shares in the last quarter. Meritage Group LP acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $207,850,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Canadian Pacific Kansas City by 5.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 308,459 shares of the transportation company’s stock worth $24,525,000 after buying an additional 14,557 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Canadian Pacific Kansas City by 4.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 11,969,862 shares of the transportation company’s stock valued at $948,585,000 after purchasing an additional 507,177 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CP. Barclays dropped their price target on Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Wells Fargo & Company began coverage on Canadian Pacific Kansas City in a research note on Friday, June 7th. They issued an “overweight” rating and a $90.00 price target for the company. Susquehanna reaffirmed a “neutral” rating and issued a $80.00 price target on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 25th. Jefferies Financial Group dropped their price target on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Finally, Stifel Nicolaus boosted their price target on Canadian Pacific Kansas City from $82.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th. Twelve research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.70.

Canadian Pacific Kansas City Trading Up 1.6 %

Shares of NYSE:CP traded up $1.32 during midday trading on Friday, hitting $82.27. 1,957,328 shares of the stock were exchanged, compared to its average volume of 1,764,122. The stock has a market capitalization of $76.76 billion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 2.32 and a beta of 0.96. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.43 and a current ratio of 0.49. The business’s 50-day moving average price is $79.72 and its 200 day moving average price is $82.62. Canadian Pacific Kansas City Limited has a 12 month low of $68.92 and a 12 month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.59 billion. Analysts predict that Canadian Pacific Kansas City Limited will post 3.12 earnings per share for the current year.

Canadian Pacific Kansas City Profile

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.