Susquehanna Has Lowered Expectations for Canadian Pacific Kansas City (NYSE:CP) Stock Price

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP had its target price decreased by analysts at Susquehanna from $92.00 to $90.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a "positive" rating on the transportation company's stock. Susquehanna's price objective would indicate a potential upside of 17.97% from the stock's current price.

A number of other research analysts have also issued reports on the company. Stephens upgraded Canadian Pacific Kansas City from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $81.00 to $88.00 in a research report on Monday. Bank of America decreased 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 report on Thursday, October 24th. Sanford C. Bernstein cut their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating for the company in a research note on Wednesday, October 9th. Stifel Nicolaus decreased their price target on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating on the stock in a research note on Friday, October 11th. Finally, Barclays boosted their price objective on 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and an average price target of $93.09.

Canadian Pacific Kansas City Stock Performance

CP traded down $0.84 during midday trading on Wednesday, hitting $76.29. 2,792,800 shares of the company were exchanged, compared to its average volume of 2,770,420. The company's 50 day simple moving average is $75.21 and its 200 day simple moving average is $79.41. The firm has a market capitalization of $71.21 billion, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96. Canadian Pacific Kansas City has a 1-year low of $70.89 and a 1-year 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 - Get Free Report) TSE: CP last announced 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 firm had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.59 billion. During the same period last year, the company posted $0.69 earnings per share. The business's quarterly revenue was up 6.3% on a year-over-year basis. As a group, sell-side analysts predict that Canadian Pacific Kansas City will post 3.05 earnings per share for the current year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CP. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Canadian Pacific Kansas City by 398.2% during 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 period. National Bank of Canada FI boosted its position in shares of Canadian Pacific Kansas City by 84.4% during 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 buying an additional 1,348,474 shares during the period. Wulff Hansen & CO. boosted its position in shares of Canadian Pacific Kansas City by 8,261.4% during the second quarter. Wulff Hansen & CO. now owns 943,500 shares of the transportation company's stock worth $74,282,000 after buying an additional 932,216 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at $63,179,000. Finally, AGF Management Ltd. raised its holdings in shares of Canadian Pacific Kansas City by 86.5% in the 2nd quarter. AGF Management Ltd. now owns 1,586,609 shares of the transportation company's stock valued at $125,094,000 after buying an additional 735,816 shares during the period. 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.