Canadian Pacific Kansas City (NYSE:CP) Upgraded at Wolfe Research

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a note issued to investors on Wednesday,Briefing.com Automated Import reports. The firm presently has a $86.00 price target on the transportation company’s stock. Wolfe Research’s target price points to a potential upside of 11.44% from the company’s current price.

CP has been the topic of a number of other research reports. Evercore ISI boosted their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. 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 report on Tuesday, November 12th. Stephens upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $81.00 to $88.00 in a report on Monday. StockNews.com lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Finally, Bank of America reduced their price target on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus price target of $93.23.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $77.17 on Wednesday. The company has a market cap of $72.03 billion, a P/E ratio of 27.56, a P/E/G ratio of 2.26 and a beta of 0.96. The company’s 50-day moving average price is $75.21 and its 200-day moving average price is $79.41. Canadian Pacific Kansas City has a twelve month low of $70.89 and a twelve month high of $91.58. 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 posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, sell-side analysts forecast that Canadian Pacific Kansas City will post 3.05 earnings per share for the current fiscal year.

Institutional Trading of Canadian Pacific Kansas City

A number of hedge funds have recently made changes to their positions in the stock. Grove Bank & Trust lifted its holdings in shares of Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after buying an additional 130 shares during the last quarter. Addison Advisors LLC grew its position in Canadian Pacific Kansas City by 246.9% in the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 279 shares during the period. FSA Wealth Management LLC bought a new position in Canadian Pacific Kansas City during the 3rd quarter valued at about $34,000. Asset Dedication LLC bought a new position in shares of Canadian Pacific Kansas City in the third quarter valued at approximately $38,000. Finally, Kennebec Savings Bank acquired a new position in Canadian Pacific Kansas City in the third quarter worth $42,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Company Profile

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.