Canadian Pacific Kansas City (NYSE:CP) Price Target Cut to $76.00 by Analysts at Stifel Nicolaus

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP had its price target dropped by investment analysts at Stifel Nicolaus from $82.00 to $76.00 in a research note issued to investors on Thursday, MarketBeat.com reports. The firm presently has a "hold" rating on the transportation company's stock. Stifel Nicolaus' target price suggests a potential upside of 1.99% from the stock's current price.

Other equities analysts have also issued reports about the company. 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 research note on Tuesday, November 12th. Barclays upped their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, September 25th. StockNews.com downgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Wednesday, December 25th. Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Finally, Stephens raised Canadian Pacific Kansas City from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $81.00 to $88.00 in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and a consensus price target of $93.10.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP traded up $0.23 during mid-day trading on Thursday, hitting $74.52. 2,971,263 shares of the stock traded hands, compared to its average volume of 2,382,818. The firm has a 50 day simple moving average of $74.92 and a two-hundred day simple moving average of $79.26. The company has a market cap of $69.57 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. Canadian Pacific Kansas City has a twelve month low of $70.89 and a twelve month high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings data 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). The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The business's revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 earnings per share. As a group, equities research analysts forecast that Canadian Pacific Kansas City will post 3.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CP. Bank of Montreal Can increased its position in shares of Canadian Pacific Kansas City by 2.8% during the second quarter. Bank of Montreal Can now owns 19,932,768 shares of the transportation company's stock worth $1,580,556,000 after acquiring an additional 533,792 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in Canadian Pacific Kansas City by 5.5% during the 2nd quarter. 1832 Asset Management L.P. now owns 13,821,347 shares of the transportation company's stock worth $1,088,155,000 after purchasing an additional 723,188 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Canadian Pacific Kansas City by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 11,568,212 shares of the transportation company's stock worth $909,721,000 after purchasing an additional 216,062 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Canadian Pacific Kansas City by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company's stock valued at $750,046,000 after purchasing an additional 381,594 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Canadian Pacific Kansas City by 9.7% in the third quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company's stock valued at $501,219,000 after purchasing an additional 537,418 shares in the last quarter. 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.