Canadian Pacific Kansas City (NYSE:CP) Given New $94.00 Price Target at Susquehanna

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its target price upped by Susquehanna from $80.00 to $94.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective points to a potential upside of 11.67% from the stock’s previous close.

A number of other brokerages have also commented on CP. Evercore ISI boosted their price objective on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Barclays upped their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Stifel Nicolaus raised their price target on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. Wells Fargo & Company initiated coverage on shares of Canadian Pacific Kansas City in a report on Friday, June 7th. They issued an “overweight” rating and a $90.00 price target on the stock. Finally, Sanford C. Bernstein raised their price objective on shares of Canadian Pacific Kansas City from $88.50 to $89.06 and gave the stock a “market perform” rating in a report on Monday, July 8th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average price target of $97.42.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP opened at $84.18 on Wednesday. The business’s 50-day simple moving average is $82.43 and its 200 day simple moving average is $82.26. The company has a market cap of $78.54 billion, a P/E ratio of 26.98, a PEG ratio of 2.43 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51. Canadian Pacific Kansas City has a one year low of $68.92 and a one year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.31. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter last year, the company earned $0.62 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was up 13.5% on a year-over-year basis. On average, sell-side analysts forecast that Canadian Pacific Kansas City will post 3.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CP. Delta Investment Management LLC grew its position in 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 valued at $363,000 after buying an additional 126 shares in the last quarter. Bradley Foster & Sargent Inc. CT increased its stake 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 acquiring an additional 131 shares during the period. GAMMA Investing LLC raised its holdings in Canadian Pacific Kansas City by 12.1% during the first quarter. GAMMA Investing LLC now owns 1,229 shares of the transportation company’s stock worth $108,000 after purchasing an additional 133 shares in the last quarter. Mayflower Financial Advisors LLC lifted its position in Canadian Pacific Kansas City by 1.1% in the second quarter. Mayflower Financial Advisors LLC now owns 13,843 shares of the transportation company’s stock worth $1,090,000 after purchasing an additional 147 shares during the period. Finally, American National Bank boosted its stake in Canadian Pacific Kansas City by 5.0% during the 2nd quarter. American National Bank now owns 3,126 shares of the transportation company’s stock valued at $246,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

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.