Canadian Pacific Kansas City (NYSE:CP) Given a $88.00 Price Target by Citigroup Analysts

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) received a $88.00 price target from investment analysts at Citigroup in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Citigroup’s price target suggests a potential upside of 22.50% from the company’s previous close.

Several other research analysts also recently commented on CP. Evercore ISI cut their target price on Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Royal Bank Of Canada cut their price objective on shares of Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Susquehanna set a $87.00 price objective on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Finally, Morgan Stanley raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus price target of $92.36.

Canadian Pacific Kansas City Stock Performance

NYSE:CP traded up $1.36 on Thursday, reaching $71.84. 1,262,899 shares of the company’s stock were exchanged, compared to its average volume of 2,235,808. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. The firm has a market cap of $64.45 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 1.61 and a beta of 1.10. Canadian Pacific Kansas City has a 52 week low of $66.49 and a 52 week high of $83.65. The stock has a fifty day simple moving average of $72.54 and a 200-day simple moving average of $75.12.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, October 29th. The transportation company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. During the same quarter in the previous year, the company posted $0.99 earnings per share. As a group, sell-side analysts predict that Canadian Pacific Kansas City will post 3.42 earnings per share for the current year.

Institutional Trading of Canadian Pacific Kansas City

Hedge funds have recently made changes to their positions in the stock. Triasima Portfolio Management inc. bought a new position in shares of Canadian Pacific Kansas City during the second quarter worth $2,989,000. Vanderbilt University lifted its stake in Canadian Pacific Kansas City by 10.3% in the 2nd quarter. Vanderbilt University now owns 75,452 shares of the transportation company’s stock worth $5,982,000 after purchasing an additional 7,050 shares in the last quarter. Scheer Rowlett & Associates Investment Management Ltd. boosted its holdings in shares of Canadian Pacific Kansas City by 2.2% during the 2nd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 648,343 shares of the transportation company’s stock valued at $51,410,000 after purchasing an additional 14,260 shares during the last quarter. Key Financial Inc purchased a new position in shares of Canadian Pacific Kansas City during the second quarter valued at about $371,000. Finally, Cardinal Capital Management Inc. grew its position in shares of Canadian Pacific Kansas City by 11.6% during the third quarter. Cardinal Capital Management Inc. now owns 1,494,133 shares of the transportation company’s stock valued at $111,349,000 after purchasing an additional 155,640 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

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.