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

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

Several other research analysts have also recently issued reports on CP. Bank of America increased their price target on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Susquehanna reissued a “positive” rating and issued a $94.00 price target (up previously from $90.00) on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 24th. Barclays increased their price target on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Citigroup increased their price target on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Finally, Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $92.30.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $75.14 on Friday. The company has a market cap of $68.14 billion, a P/E ratio of 23.41, a PEG ratio of 2.12 and a beta of 1.06. The stock has a fifty day moving average price of $76.51 and a 200 day moving average price of $76.41. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.93 and a quick ratio of 0.81. Canadian Pacific Kansas City has a 12 month low of $66.49 and a 12 month high of $87.72.

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

Institutional Investors Weigh In On Canadian Pacific Kansas City

Hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. lifted its stake in Canadian Pacific Kansas City by 11.9% in the 2nd quarter. Osaic Holdings Inc. now owns 32,318 shares of the transportation company’s stock worth $2,560,000 after acquiring an additional 3,431 shares in the last quarter. American Trust acquired a new position in Canadian Pacific Kansas City in the 2nd quarter worth about $214,000. Orion Porfolio Solutions LLC increased its holdings in shares of Canadian Pacific Kansas City by 0.4% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 142,597 shares of the transportation company’s stock valued at $11,304,000 after acquiring an additional 636 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of Canadian Pacific Kansas City during the 2nd quarter valued at about $579,000. Finally, Hudson Bay Capital Management LP acquired a new position in shares of Canadian Pacific Kansas City during the 2nd quarter valued at about $2,635,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.