Wall Street Zen Downgrades Canadian Pacific Kansas City (NYSE:CP) to Sell

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

CP has been the subject of several other research reports. Barclays set a $90.00 price objective on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Jefferies Financial Group set a $90.00 price target on Canadian Pacific Kansas City in a research report on Thursday, October 30th. Citigroup decreased their price objective on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating for the company in a report on Monday, October 13th. Royal Bank Of Canada lowered their price objective on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Finally, Susquehanna set a $87.00 target price on Canadian Pacific Kansas City in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.69.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $72.50 on Friday. The stock’s 50-day moving average is $73.44 and its 200 day moving average is $76.54. Canadian Pacific Kansas City has a 1-year low of $66.49 and a 1-year high of $83.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. The company has a market cap of $65.05 billion, a P/E ratio of 22.10, a PEG ratio of 1.84 and a beta of 1.08.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, October 29th. The transportation company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.During the same quarter in the prior year, the firm posted $0.99 earnings per share. Research analysts predict that Canadian Pacific Kansas City will post 3.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several hedge funds have recently bought and sold shares of CP. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Canadian Pacific Kansas City during the 2nd quarter valued at approximately $27,000. Cheviot Value Management LLC acquired a new stake in Canadian Pacific Kansas City during the first quarter valued at $30,000. Caldwell Trust Co acquired a new stake in Canadian Pacific Kansas City during the third quarter valued at $30,000. Acadian Asset Management LLC purchased a new position in Canadian Pacific Kansas City in the first quarter valued at $35,000. Finally, Cornerstone Planning Group LLC raised its position in shares of Canadian Pacific Kansas City by 205.5% in the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after acquiring an additional 335 shares during the period. 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.