Wall Street Zen Upgrades Canadian Pacific Kansas City (NYSE:CP) to Hold

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Several other research firms also recently commented on CP. Barclays set a $99.00 price objective on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday, April 30th. Royal Bank Of Canada dropped their price objective on shares of Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. Sanford C. Bernstein upped their price objective on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a “market perform” rating in a report on Tuesday, March 31st. National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, Citigroup increased their price target on shares of Canadian Pacific Kansas City from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average target price of $95.89.

Canadian Pacific Kansas City Stock Down 1.5%

CP stock opened at $89.26 on Friday. The firm’s fifty day simple moving average is $83.32 and its 200-day simple moving average is $78.84. The company has a market capitalization of $79.24 billion, a P/E ratio of 27.55, a price-to-earnings-growth ratio of 1.94 and a beta of 1.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57. Canadian Pacific Kansas City has a 12 month low of $68.42 and a 12 month high of $91.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.02). The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The firm’s revenue was down 2.5% on a year-over-year basis. During the same period last year, the company earned $1.06 earnings per share. As a group, equities research analysts forecast that Canadian Pacific Kansas City will post 3.76 earnings per share for the current year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Prosperity Bancshares Inc purchased a new position in Canadian Pacific Kansas City during the fourth quarter valued at $26,000. Gilpin Wealth Management LLC purchased a new position in Canadian Pacific Kansas City during the fourth quarter valued at $29,000. McMillan Office Inc. purchased a new position in Canadian Pacific Kansas City during the fourth quarter valued at $31,000. Wealth Watch Advisors INC purchased a new position in Canadian Pacific Kansas City during the third quarter valued at $36,000. Finally, Cornerstone Planning Group LLC lifted its holdings in Canadian Pacific Kansas City by 205.5% during the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 335 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 (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.