Canadian Pacific Kansas City (NYSE:CP) Rating Lowered to Sell at Wall Street Zen

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other brokerages also recently weighed in on CP. Wells Fargo & Company boosted their price target on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Argus set a $105.00 price objective on Canadian Pacific Kansas City in a research report on Tuesday, June 16th. Citigroup lifted their price objective on Canadian Pacific Kansas City from $97.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Canadian Imperial Bank of Commerce upped their target price on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a research note on Thursday, June 25th. Finally, Susquehanna increased their target price on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $104.91.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $93.70 on Friday. The stock has a market capitalization of $82.93 billion, a P/E ratio of 28.92, a P/E/G ratio of 1.87 and a beta of 1.10. Canadian Pacific Kansas City has a 12-month low of $68.42 and a 12-month high of $93.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57. The firm’s 50-day moving average is $88.24 and its two-hundred day moving average is $82.83.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.70 billion. Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.06 EPS. Equities analysts predict that Canadian Pacific Kansas City will post 3.68 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Prosperity Bancshares Inc purchased a new stake in Canadian Pacific Kansas City during the 4th quarter worth approximately $26,000. Gilpin Wealth Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $29,000. McMillan Office Inc. acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth approximately $31,000. Acadian Asset Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the first quarter worth approximately $35,000. Finally, Wealth Watch Advisors INC bought a new stake in shares of Canadian Pacific Kansas City in the third quarter worth $36,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.