Canadian Pacific Kansas City (NYSE:CP) Posts Earnings Results, Beats Estimates By $0.26 EPS

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) issued its quarterly earnings data on Wednesday. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.26, Zacks reports. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%.

Canadian Pacific Kansas City Stock Down 0.7 %

NYSE:CP traded down $0.54 on Wednesday, reaching $78.66. The stock had a trading volume of 6,056,114 shares, compared to its average volume of 2,932,363. Canadian Pacific Kansas City has a 12-month low of $70.89 and a 12-month high of $91.58. The stock has a market cap of $73.44 billion, a P/E ratio of 28.09, a price-to-earnings-growth 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. The company has a 50-day moving average of $75.15 and a 200 day moving average of $79.05.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Stephens upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $81.00 to $88.00 in a research note on Monday, January 6th. Sanford C. Bernstein cut their price objective 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. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. StockNews.com downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Finally, Citigroup decreased their target price on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.63.

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.