Citigroup Raises Canadian Pacific Kansas City (NYSE:CP) Price Target to $98.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target lifted by stock analysts at Citigroup from $97.00 to $98.00 in a report released on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Citigroup’s price target indicates a potential upside of 27.11% from the stock’s previous close.

Other analysts also recently issued reports about the company. Susquehanna upgraded Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and lowered their target price for the company from $94.00 to $92.00 in a research note on Thursday. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday. Barclays lifted their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Finally, Stifel Nicolaus dropped their price target on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Friday, October 11th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $97.78.

Canadian Pacific Kansas City Stock Down 1.8 %

NYSE CP opened at $77.10 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City has a fifty-two week low of $69.07 and a fifty-two week high of $91.58. The business has a 50 day moving average price of $82.90 and a two-hundred day moving average price of $81.48. The stock has a market cap of $71.94 billion, a PE ratio of 24.71, a P/E/G ratio of 2.21 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 earnings per share. As a group, sell-side analysts predict that Canadian Pacific Kansas City will post 3.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of hedge funds have recently added to or reduced their stakes in CP. Delta Investment Management LLC increased its holdings in shares of Canadian Pacific Kansas City by 3.2% in the 1st quarter. Delta Investment Management LLC now owns 4,117 shares of the transportation company’s stock worth $363,000 after acquiring an additional 126 shares during the period. Grove Bank & Trust increased its stake in shares of Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 130 shares during the period. Tower View Wealth Management LLC increased its stake in shares of Canadian Pacific Kansas City by 0.3% in the third quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company’s stock valued at $4,410,000 after purchasing an additional 130 shares during the period. Bradley Foster & Sargent Inc. CT raised its holdings in shares of Canadian Pacific Kansas City by 3.0% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 4,504 shares of the transportation company’s stock valued at $355,000 after buying an additional 131 shares during the last quarter. Finally, Trust Co. of Vermont boosted its position in shares of Canadian Pacific Kansas City by 4.7% during the third quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company’s stock worth $260,000 after buying an additional 135 shares during the period. 72.20% of the stock is currently owned by institutional investors.

About Canadian Pacific Kansas City

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.