Canadian Pacific Kansas City (NYSE:CP) Stock Rating Upgraded by Wall Street Zen

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Several other analysts also recently weighed in on CP. Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, June 24th. Sanford C. Bernstein upped their target price on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Canadian Imperial Bank of Commerce raised their price target on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a research note on Thursday, June 25th. Finally, Citigroup lifted their price target on Canadian Pacific Kansas City from $97.00 to $106.00 and gave the company a “buy” rating in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $104.91.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $91.45 on Friday. The company has a market cap of $80.93 billion, a P/E ratio of 28.22, a PEG ratio of 1.84 and a beta of 1.10. The stock has a fifty day moving average price of $88.96 and a 200 day moving average price of $83.59. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57. Canadian Pacific Kansas City has a 12 month low of $68.42 and a 12 month high of $93.95.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.Canadian Pacific Kansas City’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.06 earnings per share. On average, research analysts forecast that Canadian Pacific Kansas City will post 3.69 earnings per share for the current year.

Institutional Trading of Canadian Pacific Kansas City

A number of institutional investors have recently made changes to their positions in CP. Invesco Ltd. increased its stake in shares of Canadian Pacific Kansas City by 1.3% during the fourth quarter. Invesco Ltd. now owns 23,431,949 shares of the transportation company’s stock valued at $1,725,294,000 after acquiring an additional 303,464 shares during the period. FIL Ltd raised its holdings in Canadian Pacific Kansas City by 20.2% during the fourth quarter. FIL Ltd now owns 16,666,777 shares of the transportation company’s stock worth $1,227,045,000 after purchasing an additional 2,804,686 shares in the last quarter. Norges Bank acquired a new stake in Canadian Pacific Kansas City in the fourth quarter worth approximately $978,558,000. Geode Capital Management LLC lifted its position in Canadian Pacific Kansas City by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 8,821,358 shares of the transportation company’s stock worth $661,339,000 after purchasing an additional 461,724 shares during the period. Finally, Cibc World Market Inc. boosted its stake in Canadian Pacific Kansas City by 21.9% during the 4th quarter. Cibc World Market Inc. now owns 8,433,042 shares of the transportation company’s stock valued at $620,925,000 after purchasing an additional 1,517,323 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

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.