Canadian Pacific Kansas City (NYSE:CP) Price Target Raised to $92.00 at Stephens

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its target price hoisted by Stephens from $88.00 to $92.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the transportation company’s stock.

A number of other research firms have also weighed in on CP. Stifel Nicolaus dropped their price target on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. Susquehanna cut their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Barclays reduced their target price on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Bank of America dropped their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Finally, Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. One equities research analyst has 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 MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price of $95.45.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $79.69 on Thursday. Canadian Pacific Kansas City has a 52 week low of $70.89 and a 52 week high of $91.58. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average price of $75.25 and a 200-day moving average price of $79.04. The company has a market cap of $74.39 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. Equities analysts anticipate that Canadian Pacific Kansas City will post 3 earnings per share for the current fiscal year.

Institutional Trading of Canadian Pacific Kansas City

Institutional investors and hedge funds have recently bought and sold shares of the company. 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 purchasing an additional 130 shares in the last quarter. Addison Advisors LLC lifted its position in Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 279 shares during the last quarter. FSA Wealth Management LLC purchased a new position in Canadian Pacific Kansas City in the 3rd quarter worth approximately $34,000. Stonebridge Financial Group LLC bought a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth $34,000. Finally, YANKCOM Partnership purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at $36,000. 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.