Canadian Pacific Kansas City (NYSE:CP) Given New $91.00 Price Target at Barclays

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target cut by stock analysts at Barclays from $97.00 to $91.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Barclays‘s price target indicates a potential upside of 21.65% from the company’s previous close.

Other research analysts have also issued reports about the company. Citigroup cut their price objective on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Evercore ISI lifted their price objective on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Stephens raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $81.00 to $88.00 in a research report on Monday, January 6th. Finally, Stifel Nicolaus dropped their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $92.63.

Canadian Pacific Kansas City Trading Up 0.3 %

Shares of NYSE CP traded up $0.24 on Friday, reaching $74.80. 384,581 shares of the company traded hands, compared to its average volume of 2,271,818. Canadian Pacific Kansas City has a fifty-two week low of $70.89 and a fifty-two week high of $91.58. The company has a 50 day moving average of $74.83 and a 200 day moving average of $79.22. The stock has a market capitalization of $69.84 billion, a PE ratio of 26.74, a P/E/G ratio of 1.89 and a beta of 0.96. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the company earned $0.69 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities research analysts forecast that Canadian Pacific Kansas City will post 3.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Institutional investors and hedge funds have recently bought and sold shares of the business. Grove Bank & Trust grew its position in Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 130 shares in the last quarter. Addison Advisors LLC raised its holdings in shares of Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after acquiring an additional 279 shares in the last quarter. FSA Wealth Management LLC acquired a new position in Canadian Pacific Kansas City in the 3rd quarter worth about $34,000. Asset Dedication LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter valued at about $38,000. Finally, Kennebec Savings Bank acquired a new position in Canadian Pacific Kansas City in the third quarter worth approximately $42,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

About Canadian Pacific Kansas City

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.