Canadian Pacific Kansas City (NYSE:CP) Price Target Cut to $90.00 by Analysts at Wells Fargo & Company

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP had its target price dropped by research analysts at Wells Fargo & Company from $92.00 to $90.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the transportation company's stock. Wells Fargo & Company's price target points to a potential upside of 16.63% from the company's current price.

A number of other equities analysts have also recently issued reports on CP. Stifel Nicolaus dropped their price objective on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating for the company in a research note on Friday, October 11th. Citigroup lowered their target price on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a "buy" rating on the stock in a research note on Tuesday, November 12th. Barclays raised their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 25th. Bank of America lowered their price objective on Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. Finally, Susquehanna upgraded Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and cut their target price for the stock from $94.00 to $92.00 in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.79.

Canadian Pacific Kansas City Stock Performance

Shares of CP traded up $0.83 during mid-day trading on Tuesday, hitting $77.17. The company's stock had a trading volume of 3,893,928 shares, compared to its average volume of 2,764,832. The stock's 50-day moving average is $75.23 and its two-hundred day moving average is $79.42. The firm has a market capitalization of $72.03 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City has a one year low of $70.89 and a one year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period last year, the company earned $0.69 earnings per share. Canadian Pacific Kansas City's revenue for the quarter was up 6.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Canadian Pacific Kansas City will post 3.05 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CP. Grove Bank & Trust increased its holdings 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 worth $31,000 after buying an additional 130 shares during the last quarter. Addison Advisors LLC raised its position in shares of 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 purchasing an additional 279 shares during the period. FSA Wealth Management LLC acquired a new position in Canadian Pacific Kansas City in the 3rd quarter valued at about $34,000. Asset Dedication LLC bought a new position in shares of Canadian Pacific Kansas City during the third quarter worth approximately $38,000. Finally, Kennebec Savings Bank bought a new position in Canadian Pacific Kansas City during the 3rd quarter worth $42,000. Institutional investors and hedge funds own 72.20% of the company's stock.

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.