Canadian Pacific Kansas City (NYSE:CP) Upgraded by StockNews.com to Hold Rating

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Tuesday.

Other research analysts also recently issued reports about the stock. Citigroup lowered their price objective on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a "buy" rating for the company in a research report on Tuesday, November 12th. Bank of America dropped their price objective on Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Sanford C. Bernstein decreased their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating on the stock in a research report on Wednesday, October 9th. Stephens dropped their target price on shares of Canadian Pacific Kansas City from $85.00 to $81.00 and set an "equal weight" rating for the company in a report on Monday, October 28th. Finally, Barclays lifted their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, September 25th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and an average price target of $94.88.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock traded down $0.62 during trading on Tuesday, reaching $73.52. The company's stock had a trading volume of 4,294,447 shares, compared to its average volume of 2,298,060. Canadian Pacific Kansas City has a 52 week low of $72.29 and a 52 week high of $91.58. The firm has a market cap of $68.62 billion, a PE ratio of 26.26, a P/E/G ratio of 2.26 and a beta of 0.96. The business's 50-day moving average price is $77.19 and its 200-day moving average price is $79.85. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.02). The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.69 earnings per share. Equities analysts forecast 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 large investors have recently modified their holdings of the company. Grove Bank & Trust grew its position in shares of Canadian Pacific Kansas City by 56.0% during the 3rd 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 period. Addison Advisors LLC grew its holdings in Canadian Pacific Kansas City by 246.9% in the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company's stock worth $34,000 after purchasing an additional 279 shares during the period. FSA Wealth Management LLC bought a new stake in Canadian Pacific Kansas City in the third quarter valued at $34,000. Chris Bulman Inc acquired a new position in shares of Canadian Pacific Kansas City during the second quarter valued at about $35,000. Finally, Asset Dedication LLC bought a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth about $38,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.