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

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

Several other equities research analysts have also issued reports on CP. Citigroup lowered their target price on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Stifel Nicolaus decreased their price objective on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a “hold” rating for the company in a report on Monday, April 14th. Argus set a $90.00 price objective on shares of Canadian Pacific Kansas City in a report on Wednesday, March 26th. Jefferies Financial Group decreased their price objective on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $91.00 price objective on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.66.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $80.39 on Friday. The firm has a 50-day moving average price of $76.98 and a 200-day moving average price of $75.81. The firm has a market capitalization of $74.08 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 2.00 and a beta of 1.10. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City has a 12-month low of $66.49 and a 12-month high of $87.72.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.74. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The business’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business earned $0.93 EPS. As a group, equities research analysts forecast that Canadian Pacific Kansas City will post 3.42 EPS for the current year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several large investors have recently modified their holdings of the business. Nicola Wealth Management LTD. raised its holdings in shares of Canadian Pacific Kansas City by 27.1% in the 1st quarter. Nicola Wealth Management LTD. now owns 154,800 shares of the transportation company’s stock valued at $10,868,000 after purchasing an additional 33,000 shares in the last quarter. Modern Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 1st quarter valued at about $859,000. Intrua Financial LLC bought a new stake in shares of Canadian Pacific Kansas City in the 1st quarter valued at about $249,000. Acadian Asset Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the 1st quarter worth approximately $35,000. Finally, Intech Investment Management LLC grew its position in shares of Canadian Pacific Kansas City by 16.0% in the 1st quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock worth $1,493,000 after buying an additional 2,940 shares during the last quarter. 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.