Canadian Pacific Kansas City's (CP) Hold Rating Reiterated at Benchmark

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP's stock had its "hold" rating reiterated by equities researchers at Benchmark in a research report issued on Thursday, Benzinga reports.

A number of other research firms have also recently issued reports on CP. Citigroup began coverage on shares of Canadian Pacific Kansas City in a research note on Wednesday, October 9th. They issued a "buy" rating and a $97.00 target price for the company. Barclays lifted their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a research report on Wednesday, September 25th. Susquehanna upgraded Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and decreased their target price for the stock from $94.00 to $92.00 in a report on Thursday. Sanford C. Bernstein lowered their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating for the company in a research note on Wednesday, October 9th. Finally, Evercore ISI upped their price target on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 25th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $97.78.

Canadian Pacific Kansas City Stock Performance

CP traded down $0.32 during trading on Thursday, reaching $78.51. 3,581,869 shares of the company's stock were exchanged, compared to its average volume of 2,110,085. 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 business has a 50 day moving average price of $82.92 and a 200 day moving average price of $81.50. Canadian Pacific Kansas City has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The company has a market capitalization of $73.25 billion, a P/E ratio of 25.16, a PEG ratio of 2.21 and a beta of 0.96.

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 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the previous year, the company posted $0.69 EPS. The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, analysts predict that Canadian Pacific Kansas City will post 3.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CP. Grove Bank & Trust grew its holdings in shares of Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock worth $31,000 after buying an additional 130 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at approximately $32,000. Chris Bulman Inc bought a new stake in shares of Canadian Pacific Kansas City in the second quarter worth $35,000. Asset Dedication LLC acquired a new position in Canadian Pacific Kansas City during the third quarter worth $38,000. Finally, ORG Partners LLC bought a new position in Canadian Pacific Kansas City in the second quarter valued at $39,000. 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.