Canadian Pacific Kansas City (NYSE:CP) Downgraded by StockNews.com to Sell

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Monday.

CP has been the subject of a number of other reports. Sanford C. Bernstein dropped their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. Stephens dropped their target price on Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Evercore ISI increased their price target on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Finally, Stifel Nicolaus cut their price objective on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus price target of $94.88.

Canadian Pacific Kansas City Trading Up 0.0 %

Shares of CP stock opened at $75.61 on Monday. The company has a market cap of $70.57 billion, a PE ratio of 27.00, a price-to-earnings-growth ratio of 2.24 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The stock’s 50 day simple moving average is $78.10 and its two-hundred day simple moving average is $80.00. Canadian Pacific Kansas City has a 1 year low of $72.22 and a 1 year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 earnings per share. Research analysts predict that Canadian Pacific Kansas City will post 3.05 earnings per share for the current year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of large investors have recently bought and sold shares of the business. Grove Bank & Trust increased its holdings in shares of Canadian Pacific Kansas City by 56.0% in the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 130 shares during the period. Tower View Wealth Management LLC boosted its position in Canadian Pacific Kansas City by 0.3% during the third quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company’s stock valued at $4,410,000 after purchasing an additional 130 shares in the last quarter. Bradley Foster & Sargent Inc. CT boosted its position in 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 purchasing an additional 131 shares in the last quarter. Trust Co. of Vermont grew its stake in Canadian Pacific Kansas City by 4.7% in the third quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company’s stock valued at $260,000 after purchasing an additional 135 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its holdings in Canadian Pacific Kansas City by 12.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,252 shares of the transportation company’s stock worth $107,000 after purchasing an additional 141 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.