Canadian Pacific Kansas City Limited (NYSE:CP) Receives $92.63 Consensus PT from Brokerages

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has been given an average recommendation of “Moderate Buy” by the fifteen research firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $92.63.

Several research firms recently weighed in on CP. Stephens upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $81.00 to $88.00 in a research note on Monday, January 6th. Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target for the company in a report on Wednesday, January 8th. 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 research report on Tuesday, January 7th. StockNews.com lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Finally, Barclays cut their price target on shares of 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.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $79.86 on Friday. The business has a fifty day simple moving average of $74.91 and a two-hundred day simple moving average of $79.10. The firm has a market capitalization of $74.56 billion, a P/E ratio of 28.52, a P/E/G ratio of 2.01 and a beta of 0.96. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. 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:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the previous year, the firm earned $0.69 EPS. The company’s revenue was up 6.3% on a year-over-year basis. On average, equities analysts forecast that Canadian Pacific Kansas City will post 3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Institutional investors have recently made changes to their positions in the business. Grove Bank & Trust raised its stake 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 buying an additional 130 shares during the period. Addison Advisors LLC raised its stake in Canadian Pacific Kansas City by 246.9% during 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 during the period. FSA Wealth Management LLC purchased a new position in Canadian Pacific Kansas City during the third quarter valued at approximately $34,000. Asset Dedication LLC bought a new position in shares of Canadian Pacific Kansas City in the third quarter worth approximately $38,000. Finally, Kennebec Savings Bank purchased a new stake in shares of Canadian Pacific Kansas City in the third quarter worth $42,000. 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.