Citigroup Issues Pessimistic Forecast for Canadian Pacific Kansas City (NYSE:CP) Stock Price

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP had its price objective dropped by research analysts at Citigroup from $91.00 to $84.00 in a research report issued on Tuesday, MarketBeat reports. The firm presently has a "buy" rating on the transportation company's stock. Citigroup's price objective points to a potential upside of 14.09% from the stock's previous close.

Several other analysts have also recently commented on the company. Barclays dropped their price target on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Stifel Nicolaus reduced their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating for the company in a research report on Thursday, January 16th. Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Royal Bank of Canada increased their price objective on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Finally, Susquehanna lowered their target price on Canadian Pacific Kansas City from $90.00 to $88.00 and set a "positive" rating on the stock in a report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $93.55.

Canadian Pacific Kansas City Price Performance

NYSE CP traded up $2.42 on Tuesday, hitting $73.63. The company had a trading volume of 4,606,826 shares, compared to its average volume of 2,689,768. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The company's fifty day moving average price is $74.62 and its 200-day moving average price is $76.25. The company has a market capitalization of $68.74 billion, a PE ratio of 25.39, a PEG ratio of 2.00 and a beta of 1.01. Canadian Pacific Kansas City has a 12-month low of $66.49 and a 12-month high of $88.31.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. As a group, analysts predict that Canadian Pacific Kansas City will post 3.42 earnings per share for the current year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Hedge funds have recently bought and sold shares of the company. Bernard Wealth Management Corp. purchased a new stake in Canadian Pacific Kansas City during the 4th quarter worth approximately $31,000. Kestra Investment Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $33,000. Stonebridge Financial Group LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at $34,000. YANKCOM Partnership acquired a new position in Canadian Pacific Kansas City during the 4th quarter worth $36,000. Finally, Millstone Evans Group LLC purchased a new stake in Canadian Pacific Kansas City during the 4th quarter worth about $36,000. 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.