Canadian Pacific Kansas City (NYSE:CP) Upgraded by Wolfe Research to Outperform Rating

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP was upgraded by Wolfe Research from a "peer perform" rating to an "outperform" rating in a report issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has a $86.00 target price on the transportation company's stock. Wolfe Research's price target points to a potential upside of 12.73% from the company's previous close.

CP has been the subject of a number of other research reports. Stifel Nicolaus reduced their price objective on Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating for the company in a research report on Friday, October 11th. Stephens raised Canadian Pacific Kansas City from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $81.00 to $88.00 in a research report on Monday. 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. StockNews.com cut shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Wednesday, December 25th. Finally, Susquehanna upgraded shares of Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and cut their price target for the company from $94.00 to $92.00 in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $93.09.

Canadian Pacific Kansas City Price Performance

Shares of CP traded down $0.84 during midday trading on Wednesday, reaching $76.29. The stock had a trading volume of 2,792,800 shares, compared to its average volume of 2,770,420. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The company 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. The company's 50-day moving average is $75.21 and its 200 day moving average is $79.41. Canadian Pacific Kansas City has a 12-month low of $70.89 and a 12-month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing the consensus estimate 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 company had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.59 billion. During the same quarter in the prior year, the firm posted $0.69 EPS. The firm's quarterly revenue was up 6.3% on a year-over-year basis. On average, equities analysts predict that Canadian Pacific Kansas City will post 3.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of hedge funds have recently modified their holdings of the business. S&CO Inc. raised its stake in Canadian Pacific Kansas City by 183.3% during the 3rd quarter. S&CO Inc. now owns 17,000 shares of the transportation company's stock worth $1,454,000 after acquiring an additional 11,000 shares during the period. Swiss National Bank increased its stake in shares of Canadian Pacific Kansas City by 0.8% in the third quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company's stock worth $241,645,000 after purchasing an additional 23,000 shares in the last quarter. Barclays PLC raised its position in shares of Canadian Pacific Kansas City by 2.8% during the 3rd quarter. Barclays PLC now owns 2,929,642 shares of the transportation company's stock valued at $250,602,000 after purchasing an additional 81,111 shares during the period. Encompass Capital Advisors LLC purchased a new position in shares of Canadian Pacific Kansas City during the 2nd quarter valued at $11,810,000. Finally, Toronto Dominion Bank boosted its holdings in Canadian Pacific Kansas City by 20.4% in the 3rd quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company's stock worth $178,189,000 after buying an additional 352,534 shares during the period. Institutional investors 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.