Canadian Pacific Kansas City (NYSE:CP) Price Target Raised to $91.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective upped by research analysts at Evercore ISI from $89.00 to $91.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s price objective suggests a potential upside of 6.37% from the company’s current price.

CP has been the subject of a number of other research reports. Scotiabank raised shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Sanford C. Bernstein upped their target price on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a report on Monday, July 8th. Susquehanna reiterated a “neutral” rating and set a $80.00 price target on shares of Canadian Pacific Kansas City in a research report on Wednesday, July 31st. Stifel Nicolaus upped their price objective on Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th. Finally, Wells Fargo & Company assumed coverage on shares of Canadian Pacific Kansas City in a research note on Friday, June 7th. They issued an “overweight” rating and a $90.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average price target of $96.59.

Canadian Pacific Kansas City Stock Down 1.0 %

NYSE:CP traded down $0.84 on Wednesday, reaching $85.55. The stock had a trading volume of 664,592 shares, compared to its average volume of 2,098,942. Canadian Pacific Kansas City has a 12-month low of $68.92 and a 12-month high of $91.58. The stock has a market cap of $79.84 billion, a P/E ratio of 27.42, a price-to-earnings-growth ratio of 2.43 and a beta of 0.96. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average of $82.24 and a 200 day moving average of $82.44.

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 for the quarter, beating analysts’ consensus estimates of $0.74 by $0.31. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.58 billion. During the same quarter last year, the firm earned $0.62 EPS. Canadian Pacific Kansas City’s quarterly revenue was up 13.5% on a year-over-year basis. On average, research analysts predict that Canadian Pacific Kansas City will post 3.1 earnings per share for the current year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several institutional investors and hedge funds have recently bought and sold shares of the business. Accretive Wealth Partners LLC raised its position in Canadian Pacific Kansas City by 1.5% during the fourth quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock valued at $753,000 after acquiring an additional 145 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Canadian Pacific Kansas City by 4.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 19,792 shares of the transportation company’s stock valued at $1,565,000 after purchasing an additional 809 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Canadian Pacific Kansas City by 2.8% in the fourth quarter. Hsbc Holdings PLC now owns 337,903 shares of the transportation company’s stock valued at $26,719,000 after buying an additional 9,097 shares during the period. Edmond DE Rothschild Holding S.A. grew its position in Canadian Pacific Kansas City by 4,200.0% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 17,200 shares of the transportation company’s stock worth $1,361,000 after buying an additional 16,800 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Canadian Pacific Kansas City by 24.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,588 shares of the transportation company’s stock valued at $837,000 after purchasing an additional 2,059 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Company Profile

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.