Canadian Pacific Kansas City (NYSE:CP) Price Target Raised to $105.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective hoisted by stock analysts at Susquehanna from $98.00 to $105.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “positive” rating on the transportation company’s stock. Susquehanna‘s price objective points to a potential upside of 14.84% from the stock’s previous close.

Several other research firms have also recently commented on CP. Zacks Research cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 26th. Stephens reduced their price target on shares of Canadian Pacific Kansas City from $96.00 to $93.00 and set an “equal weight” rating for the company in a research note on Thursday, October 29th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday. Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, September 24th. Finally, Weiss Ratings cut Canadian Pacific Kansas City from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $112.58.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $91.43 on Tuesday. The firm has a market capitalization of $80.01 billion, a price-to-earnings ratio of 29.31, a price-to-earnings-growth ratio of 1.89 and a beta of 1.13. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59. Canadian Pacific Kansas City has a one year low of $68.42 and a one year high of $96.90. The stock’s fifty day moving average is $88.65 and its 200-day moving average is $86.01.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, October 28th. The transportation company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.03). The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.96 billion. Canadian Pacific Kansas City had a net margin of 24.14% and a return on equity of 9.22%. Canadian Pacific Kansas City’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.10 earnings per share. Equities analysts anticipate that Canadian Pacific Kansas City will post 3.67 EPS for the current year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Hedge funds and other institutional investors have recently bought and sold shares of the business. Alps Advisors Inc. bought a new position in Canadian Pacific Kansas City during the third quarter worth about $745,000. CenterBook Partners LP bought a new stake in shares of Canadian Pacific Kansas City in the third quarter worth about $366,000. Asset One Wealth Management LLC increased its holdings in shares of Canadian Pacific Kansas City by 26.6% in the third quarter. Asset One Wealth Management LLC now owns 27,955 shares of the transportation company’s stock worth $2,379,000 after acquiring an additional 5,868 shares in the last quarter. Calamos Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the third quarter worth about $4,333,000. Finally, Calamos Advisors LLC raised its position in shares of Canadian Pacific Kansas City by 379.1% during the third quarter. Calamos Advisors LLC now owns 364,799 shares of the transportation company’s stock worth $31,044,000 after purchasing an additional 288,662 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 (NYSE: CP) is a North American transportation company that operates Canadian Pacific Kansas City (CPKC), a Class I freight railway. The company was created in 2023 through the combination of Canadian Pacific and Kansas City Southern, forming the first single-line railroad connecting Canada, the United States and Mexico.

CPKC transports a broad range of freight, including grain and fertilizers, coal, forest products, automotive goods, energy and chemicals, industrial and consumer products, and intermodal shipments.