Canadian Pacific Kansas City (NYSE:CP) Upgraded by Wall Street Zen to Hold Rating

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

Several other equities research analysts have also recently commented on CP. Stephens boosted their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Royal Bank Of Canada cut their price objective on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $91.00 price objective on shares of Canadian Pacific Kansas City in a research report on Monday, June 2nd. Evercore ISI cut their price objective on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. Finally, Barclays boosted their price objective on shares of Canadian Pacific Kansas City from $87.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average target price of $92.30.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $74.8380 on Friday. Canadian Pacific Kansas City has a 12-month low of $66.49 and a 12-month high of $87.72. The firm has a market capitalization of $68.37 billion, a price-to-earnings ratio of 23.31, a price-to-earnings-growth ratio of 2.05 and a beta of 1.06. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. The firm has a fifty day moving average of $77.77 and a 200-day moving average of $76.62.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period last year, the firm earned $1.05 EPS. Canadian Pacific Kansas City’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities research analysts forecast that Canadian Pacific Kansas City will post 3.42 earnings per share for the current year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of institutional investors have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. acquired a new stake in Canadian Pacific Kansas City in the second quarter valued at approximately $579,000. Hudson Bay Capital Management LP acquired a new stake in Canadian Pacific Kansas City in the second quarter valued at approximately $2,635,000. Geneos Wealth Management Inc. boosted its position in Canadian Pacific Kansas City by 133.7% in the second quarter. Geneos Wealth Management Inc. now owns 11,041 shares of the transportation company’s stock valued at $875,000 after buying an additional 6,316 shares in the last quarter. Caxton Associates LLP bought a new position in shares of Canadian Pacific Kansas City during the second quarter valued at $750,000. Finally, Rexford Capital Inc. bought a new position in shares of Canadian Pacific Kansas City during the second quarter valued at $91,000. Institutional investors and hedge funds 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.