Canadian Pacific Kansas City (NYSE:CP) Downgraded to Sell Rating by Loop Capital

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was downgraded by stock analysts at Loop Capital from a “buy” rating to a “sell” rating in a research report issued on Monday, MarketBeat.com reports.

Other analysts have also issued research reports about the company. Royal Bank of Canada upped their target price on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday. Wells Fargo & Company cut their target price 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. Stephens raised their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Sanford C. Bernstein cut their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.45.

Canadian Pacific Kansas City Stock Down 0.3 %

Shares of NYSE CP opened at $79.57 on Monday. Canadian Pacific Kansas City has a 12 month low of $70.89 and a 12 month high of $91.58. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $74.28 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 2.06 and a beta of 0.97. The business has a 50-day moving average of $75.40 and a 200-day moving average of $78.98.

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 8.86% and a net margin of 25.51%. Sell-side analysts expect that Canadian Pacific Kansas City will post 3.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Large investors have recently modified their holdings of the stock. Grove Bank & Trust increased its holdings in Canadian Pacific Kansas City by 56.0% in the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after buying an additional 130 shares in the last quarter. Kestra Investment Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $33,000. Addison Advisors LLC grew its stake in shares of Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 279 shares during the period. FSA Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter valued at about $34,000. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $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.