Barclays Cuts Canadian Pacific Kansas City (NYSE:CP) Price Target to $91.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target dropped by investment analysts at Barclays from $93.00 to $91.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. Barclays‘s price target points to a potential upside of 16.00% from the stock’s previous close.

A number of other brokerages have also commented on CP. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, January 21st. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Tuesday, March 3rd. Citigroup decreased their price target on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. National Bank Financial lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Finally, Morgan Stanley upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

Canadian Pacific Kansas City Trading Down 0.6%

CP stock opened at $78.45 on Friday. The business has a fifty day moving average price of $80.43 and a 200 day moving average price of $76.02. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.41. Canadian Pacific Kansas City has a fifty-two week low of $66.49 and a fifty-two week high of $89.42. The stock has a market capitalization of $70.44 billion, a price-to-earnings ratio of 24.29, a P/E/G ratio of 1.63 and a beta of 1.06.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same period in the prior year, the firm posted $1.29 EPS. Canadian Pacific Kansas City’s revenue for the quarter was up 1.3% compared to the same quarter last year. Analysts expect that Canadian Pacific Kansas City will post 3.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of institutional investors and hedge funds have recently modified their holdings of CP. Dilation Capital Management LP boosted its holdings in Canadian Pacific Kansas City by 4.4% during the third quarter. Dilation Capital Management LP now owns 170,269 shares of the transportation company’s stock worth $12,683,000 after buying an additional 7,105 shares during the last quarter. Meixler Investment Management Ltd. acquired a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth about $1,644,000. AGF Management Ltd. increased its stake in shares of Canadian Pacific Kansas City by 9.9% in the 3rd quarter. AGF Management Ltd. now owns 2,001,292 shares of the transportation company’s stock valued at $149,215,000 after acquiring an additional 180,419 shares during the last quarter. Nicola Wealth Management LTD. increased its stake in shares of Canadian Pacific Kansas City by 46.8% in the 3rd quarter. Nicola Wealth Management LTD. now owns 141,500 shares of the transportation company’s stock valued at $10,539,000 after acquiring an additional 45,100 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Canadian Pacific Kansas City by 1.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,127,435 shares of the transportation company’s stock valued at $83,985,000 after acquiring an additional 14,916 shares during the period. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Company Profile

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.