Canadian Pacific Kansas City (NYSE:CP) Price Target Cut to $91.00 by Analysts at Barclays

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP had its price objective lowered by research analysts at Barclays from $97.00 to $91.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the transportation company's stock. Barclays's price target points to a potential upside of 21.67% from the company's previous close.

A number of other research analysts also recently issued reports on CP. Stephens upgraded shares of Canadian Pacific Kansas City from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $81.00 to $88.00 in a research report on Monday, January 6th. Bank of America cut their price objective 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. Wells Fargo & Company cut their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Citigroup cut their price objective on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a "buy" rating on the stock in a research report on Tuesday, November 12th. Finally, StockNews.com downgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Wednesday, December 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $92.63.

Canadian Pacific Kansas City Stock Up 0.3 %

CP stock traded up $0.24 during mid-day trading on Friday, hitting $74.80. 3,153,832 shares of the company were exchanged, compared to its average volume of 2,119,487. The company has a market capitalization of $69.83 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. 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 has a twelve month low of $70.89 and a twelve month high of $91.58. The firm has a fifty day simple moving average of $74.69 and a 200 day simple moving average of $79.17.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the previous year, the business posted $0.69 earnings per share. The company's quarterly revenue was up 6.3% compared to the same quarter last year. On average, research analysts forecast that Canadian Pacific Kansas City will post 3.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several hedge funds have recently made changes to their positions in CP. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Canadian Pacific Kansas City by 398.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company's stock worth $165,419,000 after purchasing an additional 1,678,784 shares during the last quarter. National Bank of Canada FI increased its position in shares of Canadian Pacific Kansas City by 84.4% in the third quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company's stock worth $251,778,000 after acquiring an additional 1,348,474 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Canadian Pacific Kansas City in the third quarter worth approximately $63,179,000. 1832 Asset Management L.P. increased its position in shares of Canadian Pacific Kansas City by 5.5% in the second quarter. 1832 Asset Management L.P. now owns 13,821,347 shares of the transportation company's stock worth $1,088,155,000 after acquiring an additional 723,188 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of Canadian Pacific Kansas City by 39.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,010,385 shares of the transportation company's stock worth $172,132,000 after acquiring an additional 565,783 shares in the last quarter. 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.