Stephens Lowers Canadian Pacific Kansas City (NYSE:CP) Price Target to $81.00

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP had its price objective dropped by Stephens from $85.00 to $81.00 in a research report issued on Monday, Benzinga reports. The firm currently has an "equal weight" rating on the transportation company's stock. Stephens' price target indicates a potential upside of 3.98% from the stock's current price.

Several other equities analysts have also recently weighed in on CP. Benchmark restated a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Thursday. Citigroup boosted their price target on shares of Canadian Pacific Kansas City from $97.00 to $98.00 and gave the stock a "buy" rating in a report on Thursday. Stifel Nicolaus dropped their target price on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating on the stock in a research report on Friday, October 11th. Evercore ISI boosted their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 25th. Finally, Jefferies Financial Group dropped their price target on Canadian Pacific Kansas City from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, July 17th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and an average price target of $94.15.

Canadian Pacific Kansas City Stock Up 1.0 %

Shares of NYSE CP traded up $0.79 during midday trading on Monday, hitting $77.90. 1,963,471 shares of the stock traded hands, compared to its average volume of 2,107,935. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51. Canadian Pacific Kansas City has a one year low of $69.08 and a one year high of $91.58. The business has a 50 day moving average price of $82.86 and a two-hundred day moving average price of $81.30. The company has a market cap of $72.69 billion, a PE ratio of 24.85, a P/E/G ratio of 2.21 and a beta of 0.96.

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 EPS for the quarter, missing analysts' consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the firm posted $0.69 EPS. The business's revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities analysts predict that Canadian Pacific Kansas City will post 3.2 EPS for the current year.

Institutional Trading of Canadian Pacific Kansas City

Institutional investors and hedge funds have recently bought and sold shares of the company. Mirova US LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at about $168,063,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Canadian Pacific Kansas City by 398.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company's stock valued at $165,419,000 after purchasing an additional 1,678,784 shares in the last quarter. Cantillon Capital Management LLC lifted its position in Canadian Pacific Kansas City by 49.1% during the first quarter. Cantillon Capital Management LLC now owns 3,567,692 shares of the transportation company's stock valued at $314,563,000 after purchasing an additional 1,174,200 shares during the last quarter. Wulff Hansen & CO. grew its stake in Canadian Pacific Kansas City by 8,261.4% in the 2nd 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 in the last quarter. Finally, AGF Management Ltd. increased 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 worth $125,094,000 after buying an additional 735,816 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.