Canadian Pacific Kansas City (NYSE:CP) PT Lowered to $80.00 at Susquehanna

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target decreased by Susquehanna from $84.00 to $80.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective points to a potential downside of 2.03% from the company’s previous close.

Several other research analysts have also recently issued reports on CP. Bank of America upped their price objective on Canadian Pacific Kansas City from $87.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Stifel Nicolaus upped their target price on Canadian Pacific Kansas City from $80.00 to $83.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Scotiabank reissued a “sector perform” rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, April 10th. Finally, Jefferies Financial Group began coverage on Canadian Pacific Kansas City in a research report on Monday, April 8th. They issued a “buy” rating and a $105.00 target price for the company. Twelve analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.42.

Canadian Pacific Kansas City Trading Down 0.5 %

NYSE:CP opened at $81.66 on Thursday. The stock has a 50-day simple moving average of $87.04 and a 200-day simple moving average of $79.80. The stock has a market cap of $76.16 billion, a P/E ratio of 26.17, a P/E/G ratio of 2.10 and a beta of 0.94. Canadian Pacific Kansas City has a 1 year low of $68.92 and a 1 year high of $91.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.57% and a net margin of 28.27%. As a group, analysts anticipate that Canadian Pacific Kansas City will post 3.2 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 business. Vanguard Group Inc. increased its stake in Canadian Pacific Kansas City by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 34,337,847 shares of the transportation company’s stock valued at $2,714,750,000 after purchasing an additional 585,049 shares in the last quarter. FMR LLC increased its stake in Canadian Pacific Kansas City by 1.8% in the 3rd quarter. FMR LLC now owns 31,001,865 shares of the transportation company’s stock valued at $2,304,549,000 after purchasing an additional 553,163 shares in the last quarter. TD Asset Management Inc increased its stake in Canadian Pacific Kansas City by 47.7% in the 4th quarter. TD Asset Management Inc now owns 21,170,926 shares of the transportation company’s stock valued at $1,682,256,000 after purchasing an additional 6,835,271 shares in the last quarter. Mackenzie Financial Corp increased its stake in Canadian Pacific Kansas City by 5.9% in the 4th quarter. Mackenzie Financial Corp now owns 14,178,436 shares of the transportation company’s stock valued at $1,122,370,000 after purchasing an additional 787,608 shares in the last quarter. Finally, Veritas Asset Management LLP increased its stake in Canadian Pacific Kansas City by 1.8% in the 4th quarter. Veritas Asset Management LLP now owns 13,434,704 shares of the transportation company’s stock valued at $1,062,148,000 after purchasing an additional 243,210 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Company Profile

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.