Canadian Pacific Kansas City (NYSE:CP) Downgraded by Wall Street Zen to “Sell”

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

Several other research analysts have also recently commented on CP. Wells Fargo & Company raised their target price on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday. 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. Canadian Imperial Bank of Commerce lifted their target price on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a research report on Thursday, June 25th. Finally, Susquehanna upped their target price on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the company a “positive” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $104.91.

Canadian Pacific Kansas City Price Performance

NYSE CP opened at $93.70 on Friday. The stock has a 50-day simple moving average of $88.24 and a 200 day simple moving average of $82.77. Canadian Pacific Kansas City has a twelve month low of $68.42 and a twelve month high of $93.95. The stock has a market capitalization of $82.93 billion, a PE ratio of 28.92, a P/E/G ratio of 1.86 and a beta of 1.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.57 and a current ratio of 0.67.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results 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 the consensus estimate of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.06 earnings per share. Research analysts anticipate that Canadian Pacific Kansas City will post 3.68 EPS for the current year.

Institutional Trading of Canadian Pacific Kansas City

Several hedge funds have recently modified their holdings of CP. Rothschild & Co Wealth Management UK Ltd grew its holdings in shares of Canadian Pacific Kansas City by 0.9% during the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,353,188 shares of the transportation company’s stock worth $394,156,000 after purchasing an additional 48,258 shares during the last quarter. Cardinal Capital Management Inc. raised its holdings in shares of Canadian Pacific Kansas City by 3.7% in the fourth quarter. Cardinal Capital Management Inc. now owns 1,549,556 shares of the transportation company’s stock valued at $114,094,000 after buying an additional 55,423 shares during the last quarter. Rathbones Group PLC raised its holdings in shares of Canadian Pacific Kansas City by 5.9% in the fourth quarter. Rathbones Group PLC now owns 1,729,339 shares of the transportation company’s stock valued at $127,342,000 after buying an additional 95,727 shares during the last quarter. HighTower Advisors LLC lifted its position in Canadian Pacific Kansas City by 6.2% during the 4th quarter. HighTower Advisors LLC now owns 630,624 shares of the transportation company’s stock worth $46,434,000 after buying an additional 37,044 shares in the last quarter. Finally, Jennison Associates LLC acquired a new position in Canadian Pacific Kansas City during the 4th quarter worth about $1,983,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.