Canadian Pacific Kansas City (NYSE:CP) Stock Price Expected to Rise, Sanford C. Bernstein Analyst Says

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target increased by Sanford C. Bernstein from $85.41 to $90.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “market perform” rating on the transportation company’s stock. Sanford C. Bernstein’s price target points to a potential upside of 15.36% from the company’s current price.

CP has been the subject of several other research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $124.00 price objective (down from $127.00) on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Wall Street Zen downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Tuesday, March 3rd. Citigroup dropped their target price on Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Morgan Stanley upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Finally, Evercore reduced their price target on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.82.

Canadian Pacific Kansas City Stock Down 0.8%

Shares of Canadian Pacific Kansas City stock opened at $78.02 on Tuesday. The company has a market cap of $70.00 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 1.67 and a beta of 1.07. The company’s 50 day moving average is $80.93 and its 200 day moving average is $76.10. Canadian Pacific Kansas City has a twelve month low of $66.49 and a twelve month high of $89.42. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the firm posted $1.29 EPS. Research analysts anticipate that Canadian Pacific Kansas City will post 3.42 EPS for the current year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Prosperity Bancshares Inc purchased a new stake in Canadian Pacific Kansas City in the fourth quarter worth about $26,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Canadian Pacific Kansas City during the 2nd quarter valued at approximately $27,000. Gilpin Wealth Management LLC bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $29,000. Caldwell Trust Co purchased a new stake in Canadian Pacific Kansas City in the 3rd quarter worth approximately $30,000. Finally, McMillan Office Inc. purchased a new stake in Canadian Pacific Kansas City in the 4th quarter worth approximately $31,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.