Canadian Pacific Kansas City’s (CP) “Hold” Rating Reaffirmed at Benchmark

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP)‘s stock had its “hold” rating reiterated by investment analysts at Benchmark in a note issued to investors on Thursday,Benzinga reports.

Several other brokerages have also recently issued reports on CP. Stifel Nicolaus decreased their price objective on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, January 16th. Citigroup decreased their price target on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a research note on Wednesday, January 8th. Susquehanna decreased their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. 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 investment analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.45.

Canadian Pacific Kansas City Trading Down 0.3 %

Canadian Pacific Kansas City stock opened at $79.57 on Thursday. Canadian Pacific Kansas City has a 1 year low of $70.89 and a 1 year high of $91.58. The firm’s 50 day moving average price is $75.34 and its 200-day moving average price is $79.05. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The stock has a market cap of $74.28 billion, a P/E ratio of 27.44, a PEG ratio of 2.04 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. On average, equities analysts predict that Canadian Pacific Kansas City will post 3.5 earnings per share for the current fiscal year.

Institutional Trading of Canadian Pacific Kansas City

A number of hedge funds have recently bought and sold shares of the stock. Grove Bank & Trust raised its stake in shares of Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after acquiring an additional 130 shares in the last quarter. Tower View Wealth Management LLC increased its holdings in Canadian Pacific Kansas City by 0.3% in the 3rd quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company’s stock worth $4,410,000 after buying an additional 130 shares during the period. Trust Co. of Vermont lifted its position in Canadian Pacific Kansas City by 4.7% during the third quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company’s stock valued at $260,000 after purchasing an additional 135 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in shares of Canadian Pacific Kansas City by 12.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,252 shares of the transportation company’s stock worth $107,000 after buying an additional 141 shares during the last quarter. Finally, Pinnacle Bancorp Inc. grew its stake in shares of Canadian Pacific Kansas City by 13.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company’s stock worth $90,000 after purchasing an additional 150 shares during the period. Hedge funds and other 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.