Barclays Issues Pessimistic Forecast for Canadian Pacific Kansas City (NYSE:CP) Stock Price

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP had its price target cut by equities researchers at Barclays from $91.00 to $87.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the transportation company's stock. Barclays's price target indicates a potential upside of 28.78% from the company's previous close.

A number of other research analysts have also weighed in on the company. StockNews.com lowered Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Wednesday, December 25th. Stifel Nicolaus reduced their price objective on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating for the company in a research note on Thursday, January 16th. Loop Capital cut shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research note on Monday, February 3rd. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price target for the company in a research report on Wednesday, January 8th. Finally, Argus set a $90.00 price objective on Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and an average target price of $94.68.

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Canadian Pacific Kansas City Stock Performance

Shares of CP traded down $2.63 during trading hours on Wednesday, hitting $67.56. The company's stock had a trading volume of 2,923,185 shares, compared to its average volume of 2,596,731. The business has a 50 day simple moving average of $75.73 and a two-hundred day simple moving average of $76.87. Canadian Pacific Kansas City has a 52-week low of $67.10 and a 52-week high of $89.26. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The company has a market cap of $63.08 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 2.00 and a beta of 1.01.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. On average, equities analysts expect that Canadian Pacific Kansas City will post 3.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Large investors have recently bought and sold shares of the stock. Bernard Wealth Management Corp. bought a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $31,000. Kestra Investment Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth about $33,000. Stonebridge Financial Group LLC purchased a new position in Canadian Pacific Kansas City during the 4th quarter valued at about $34,000. YANKCOM Partnership bought a new position in Canadian Pacific Kansas City during the 4th quarter valued at approximately $36,000. Finally, Millstone Evans Group LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $36,000. 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.