Canadian Pacific Kansas City (NYSE:CP) Upgraded by National Bank Financial to Strong-Buy Rating

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was upgraded by research analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

A number of other analysts have also recently weighed in on CP. Barclays lowered their price objective on Canadian Pacific Kansas City from $93.00 to $91.00 and set an “overweight” rating for the company in a research report on Friday, March 27th. 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. Wall Street Zen cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd. Citigroup raised their price objective on Canadian Pacific Kansas City from $86.00 to $93.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. Finally, Sanford C. Bernstein raised their price objective on 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. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus target price of $93.80.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $81.15 on Wednesday. The firm has a market cap of $72.41 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 1.76 and a beta of 1.07. Canadian Pacific Kansas City has a 52-week low of $68.42 and a 52-week high of $89.42. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average is $82.17 and its 200 day moving average is $76.50.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.04). The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. Canadian Pacific Kansas City’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business earned $1.29 earnings per share. On average, sell-side analysts anticipate that Canadian Pacific Kansas City will post 3.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Frank Rimerman Advisors LLC increased its stake in Canadian Pacific Kansas City by 0.8% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 17,799 shares of the transportation company’s stock valued at $1,326,000 after buying an additional 145 shares during the period. Cromwell Holdings LLC increased its position in shares of Canadian Pacific Kansas City by 8.1% during the 4th quarter. Cromwell Holdings LLC now owns 1,936 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 145 shares during the period. Dorsey & Whitney Trust CO LLC raised its stake in shares of Canadian Pacific Kansas City by 3.2% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 5,033 shares of the transportation company’s stock worth $371,000 after buying an additional 157 shares in the last quarter. Fortune Financial Advisors LLC raised its stake in shares of Canadian Pacific Kansas City by 1.2% in the 4th quarter. Fortune Financial Advisors LLC now owns 13,623 shares of the transportation company’s stock worth $1,003,000 after buying an additional 158 shares in the last quarter. Finally, Brookstone Capital Management raised its stake in shares of Canadian Pacific Kansas City by 1.2% in the 4th quarter. Brookstone Capital Management now owns 14,355 shares of the transportation company’s stock worth $1,057,000 after buying an additional 176 shares in the last quarter. 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.