Stifel Nicolaus Lowers Canadian Pacific Kansas City (NYSE:CP) Price Target to $76.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective dropped by stock analysts at Stifel Nicolaus from $82.00 to $76.00 in a report released on Thursday, Marketbeat Ratings reports. The firm presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 1.61% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Wells Fargo & Company lowered their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Bank of America lowered their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Citigroup lowered their price target on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Finally, StockNews.com lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus price target of $92.63.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $74.80 on Thursday. The stock has a market capitalization of $69.83 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 1.89 and a beta of 0.96. Canadian Pacific Kansas City has a 52-week low of $70.89 and a 52-week high of $91.58. The stock’s 50 day moving average price is $74.75 and its two-hundred day moving average price is $79.19. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. Canadian Pacific Kansas City’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 3.02 earnings per share for the current year.

Institutional Trading of Canadian Pacific Kansas City

A number of large investors have recently modified their holdings of CP. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Canadian Pacific Kansas City by 398.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company’s stock valued at $165,419,000 after buying an additional 1,678,784 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Canadian Pacific Kansas City by 84.4% during the third quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company’s stock valued at $251,778,000 after purchasing an additional 1,348,474 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Canadian Pacific Kansas City during the third quarter valued at approximately $63,179,000. 1832 Asset Management L.P. boosted its position in shares of Canadian Pacific Kansas City by 5.5% during the second quarter. 1832 Asset Management L.P. now owns 13,821,347 shares of the transportation company’s stock valued at $1,088,155,000 after purchasing an additional 723,188 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Canadian Pacific Kansas City by 39.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,010,385 shares of the transportation company’s stock valued at $172,132,000 after purchasing an additional 565,783 shares in the last quarter. 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.