Sanford C. Bernstein Forecasts Strong Price Appreciation for Canadian Pacific Kansas City (NYSE:CP) Stock

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective upped by analysts at Sanford C. Bernstein from $85.41 to $90.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “market perform” rating on the transportation company’s stock. Sanford C. Bernstein’s price objective would indicate a potential upside of 16.68% from the company’s current price.

A number of other equities research analysts also recently commented on the company. Evercore lowered their price objective on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Citigroup reduced their target price on Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $124.00 price target (down from $127.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Morgan Stanley raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Finally, 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. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $91.82.

Canadian Pacific Kansas City Price Performance

Shares of CP traded down $0.39 during mid-day trading on Tuesday, reaching $77.13. 1,684,006 shares of the company’s stock were exchanged, compared to its average volume of 2,737,746. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City has a 52-week low of $66.49 and a 52-week high of $89.42. The company has a market cap of $69.26 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 1.59 and a beta of 1.05. The company has a 50-day simple moving average of $80.64 and a two-hundred day simple moving average of $76.07.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results 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 net margin of 27.49% and a return on equity of 8.91%. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same quarter last year, the company posted $1.29 EPS. Canadian Pacific Kansas City’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, sell-side analysts predict that Canadian Pacific Kansas City will post 3.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of 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. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Canadian Pacific Kansas City during the 2nd quarter valued at approximately $27,000. Caldwell Trust Co acquired a new stake in shares of Canadian Pacific Kansas City during the third quarter worth approximately $30,000. Gilpin Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth approximately $29,000. Finally, McMillan Office Inc. bought a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $31,000. 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.