Canadian Pacific Kansas City (NYSE:CP) Price Target Lowered to $76.00 at Stifel Nicolaus

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its target price decreased by equities researchers at Stifel Nicolaus from $82.00 to $76.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price target points to a potential upside of 2.37% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Citigroup decreased their price target on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Stephens raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $81.00 to $88.00 in a research note on Monday, January 6th. Susquehanna dropped their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research report on Wednesday, January 8th. Finally, StockNews.com cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.10.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP opened at $74.24 on Thursday. The company’s 50 day simple moving average is $74.92 and its 200 day simple moving average is $79.26. 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 1 year low of $70.89 and a 1 year high of $91.58. The stock has a market capitalization of $69.30 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Shelton Wealth Management LLC increased its position in shares of Canadian Pacific Kansas City by 31.9% during the fourth quarter. Shelton Wealth Management LLC now owns 16,400 shares of the transportation company’s stock worth $1,187,000 after buying an additional 3,963 shares during the period. Merit Financial Group LLC bought a new stake in Canadian Pacific Kansas City during the fourth quarter valued at $288,000. Dixon Mitchell Investment Counsel Inc. grew its holdings in Canadian Pacific Kansas City by 1.2% during the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 263,557 shares of the transportation company’s stock worth $19,108,000 after acquiring an additional 3,120 shares during the period. Pinnacle Bancorp Inc. raised its position in shares of Canadian Pacific Kansas City by 13.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company’s stock worth $90,000 after acquiring an additional 150 shares in the last quarter. Finally, Founders Grove Wealth Partners LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $257,000. Institutional investors and hedge funds 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.