Royal Bank of Canada Issues Positive Forecast for Canadian Pacific Kansas City (NYSE:CP) Stock Price

Canadian Pacific Kansas City (NYSE:CPGet Free Report) (TSE:CP) had its target price increased by Royal Bank of Canada from $124.00 to $128.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 57.32% from the stock’s current price.

Several other research firms also recently issued reports on CP. Susquehanna dropped their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Sanford C. Bernstein dropped their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a report on Wednesday, October 9th. Stephens upped their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday. Wells Fargo & Company cut their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Finally, Barclays lowered their target price on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus target price of $95.45.

View Our Latest Report on Canadian Pacific Kansas City

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock traded up $2.52 during trading hours on Thursday, hitting $81.36. 2,153,839 shares of the company’s stock traded hands, compared to its average volume of 2,897,624. The stock has a market capitalization of $75.96 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 2.01 and a beta of 0.96. The company has a fifty day simple moving average of $75.25 and a 200-day simple moving average of $79.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City has a 12-month low of $70.89 and a 12-month high of $91.58.

Canadian Pacific Kansas City (NYSE:CPGet Free Report) (TSE:CP) last released its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. Equities research analysts anticipate that Canadian Pacific Kansas City will post 3 EPS for the current fiscal year.

Institutional Trading of Canadian Pacific Kansas City

Hedge funds and other institutional investors have recently bought and sold shares of the company. Grove Bank & Trust lifted its position in 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. Addison Advisors LLC boosted its stake in Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after buying an additional 279 shares in the last quarter. FSA Wealth Management LLC acquired a new position in Canadian Pacific Kansas City during the third quarter worth about $34,000. Stonebridge Financial Group LLC acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at about $34,000. Finally, YANKCOM Partnership bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $36,000. 72.20% of the stock is owned by institutional investors.

About Canadian Pacific Kansas City

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Canadian Pacific Kansas City (NYSE:CP)

Receive News & Ratings for Canadian Pacific Kansas City Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Kansas City and related companies with MarketBeat.com's FREE daily email newsletter.