Canadian Pacific Kansas City (NYSE:CP) Rating Increased to Hold at Wall Street Zen

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Other equities research analysts have also recently issued research reports about the company. Argus set a $105.00 price objective on Canadian Pacific Kansas City in a report on Tuesday, June 16th. National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Susquehanna upped their target price on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the company a “positive” rating in a report on Tuesday, July 14th. Wells Fargo & Company raised their price target on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Finally, Citigroup lifted their price target on shares of Canadian Pacific Kansas City from $97.00 to $106.00 and gave the company a “buy” rating in a report on Thursday, July 9th. One 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $104.91.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP opened at $92.40 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $88.86 and a 200-day moving average price of $83.39. The company has a market cap of $81.78 billion, a price-to-earnings ratio of 28.52, a price-to-earnings-growth ratio of 1.84 and a beta of 1.10. Canadian Pacific Kansas City has a 12 month low of $68.42 and a 12 month high of $93.95.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the business earned $1.06 earnings per share. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, equities analysts anticipate that Canadian Pacific Kansas City will post 3.69 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Prosperity Bancshares Inc purchased a new position in Canadian Pacific Kansas City during the fourth quarter valued at $26,000. Gilpin Wealth Management LLC bought a new stake in Canadian Pacific Kansas City in the fourth quarter worth $29,000. McMillan Office Inc. purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $31,000. Acadian Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the first quarter worth $35,000. Finally, Wealth Watch Advisors INC bought a new position in shares of Canadian Pacific Kansas City during the third quarter valued at $36,000. Hedge funds and other institutional investors 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.