Canadian Pacific Kansas City (NYSE:CP) Given New $91.00 Price Target at Bank of America

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP had its price target cut by research analysts at Bank of America from $94.00 to $91.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a "buy" rating on the transportation company's stock. Bank of America's target price suggests a potential upside of 15.92% from the stock's previous close.

A number of other equities analysts also recently issued reports on CP. Scotiabank upgraded Canadian Pacific Kansas City from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, July 10th. Barclays raised their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 25th. Citigroup began coverage on Canadian Pacific Kansas City in a research report on Wednesday, October 9th. They set a "buy" rating and a $97.00 price objective for the company. Stifel Nicolaus lowered 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. Finally, Sanford C. Bernstein lowered their price objective on Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating for the company in a research report on Wednesday, October 9th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and a consensus price target of $97.78.

Canadian Pacific Kansas City Trading Down 0.4 %

Canadian Pacific Kansas City stock traded down $0.33 during trading hours on Thursday, hitting $78.50. The stock had a trading volume of 3,616,073 shares, compared to its average volume of 2,110,251. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. The stock has a market cap of $73.24 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 2.21 and a beta of 0.96. Canadian Pacific Kansas City has a one year low of $68.92 and a one year high of $91.58. The business's 50 day simple moving average is $82.92 and its 200-day simple moving average is $81.50.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted 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 firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. Canadian Pacific Kansas City's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 earnings per share. On average, equities analysts predict that Canadian Pacific Kansas City will post 3.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Hedge funds have recently added to or reduced their stakes in the company. Modera Wealth Management LLC boosted its position in shares of Canadian Pacific Kansas City by 47.7% during the third quarter. Modera Wealth Management LLC now owns 8,476 shares of the transportation company's stock valued at $725,000 after buying an additional 2,739 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Canadian Pacific Kansas City by 5.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 83,371 shares of the transportation company's stock valued at $7,132,000 after buying an additional 4,307 shares during the last quarter. PFG Investments LLC boosted its position in shares of Canadian Pacific Kansas City by 8.7% during the third quarter. PFG Investments LLC now owns 5,288 shares of the transportation company's stock valued at $452,000 after buying an additional 422 shares during the last quarter. Pathway Financial Advisers LLC boosted its position in shares of Canadian Pacific Kansas City by 8,456.8% during the third quarter. Pathway Financial Advisers LLC now owns 103,195 shares of the transportation company's stock valued at $8,827,000 after buying an additional 101,989 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its position in shares of Canadian Pacific Kansas City by 0.6% during the third quarter. NorthCrest Asset Manangement LLC now owns 213,409 shares of the transportation company's stock valued at $18,255,000 after buying an additional 1,317 shares during 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.