Susquehanna Has Lowered Expectations for Canadian Pacific Kansas City (NYSE:CP) Stock Price

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective cut by research analysts at Susquehanna from $92.00 to $90.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “positive” rating on the transportation company’s stock. Susquehanna’s target price would indicate a potential upside of 17.97% from the company’s current price.

Several other research analysts have also recently issued reports on CP. Sanford C. Bernstein dropped their price target on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a report on Wednesday, October 9th. Evercore ISI upped their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, September 25th. Stephens raised Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $81.00 to $88.00 in a research note on Monday. Stifel Nicolaus reduced their price objective on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Friday, October 11th. Finally, Citigroup dropped their target price on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.56.

Canadian Pacific Kansas City Price Performance

NYSE:CP opened at $76.29 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The business’s 50-day moving average price is $75.16 and its 200 day moving average price is $79.36. Canadian Pacific Kansas City has a 52-week low of $70.89 and a 52-week high of $91.58. The firm has a market cap of $71.21 billion, a P/E ratio of 27.25, a PEG ratio of 2.26 and a beta of 0.96.

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

Hedge Funds Weigh In On Canadian Pacific Kansas City

Hedge funds have recently modified their holdings of the stock. S&CO Inc. raised its position in Canadian Pacific Kansas City by 183.3% during the third quarter. S&CO Inc. now owns 17,000 shares of the transportation company’s stock valued at $1,454,000 after acquiring an additional 11,000 shares in the last quarter. Swiss National Bank raised its holdings in shares of Canadian Pacific Kansas City by 0.8% during the 3rd quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company’s stock valued at $241,645,000 after purchasing an additional 23,000 shares in the last quarter. Barclays PLC lifted its stake in shares of Canadian Pacific Kansas City by 2.8% in the 3rd quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock valued at $250,602,000 after purchasing an additional 81,111 shares during the last quarter. Encompass Capital Advisors LLC bought a new stake in Canadian Pacific Kansas City in the second quarter worth $11,810,000. Finally, Toronto Dominion Bank boosted its holdings in Canadian Pacific Kansas City by 20.4% in the third quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company’s stock worth $178,189,000 after purchasing an additional 352,534 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

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.