Wolfe Research Upgrades Canadian Pacific Kansas City (NYSE:CP) to Outperform

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was upgraded by Wolfe Research from a “peer perform” rating to an “outperform” rating in a research note issued to investors on Wednesday, MarketBeat reports. The firm presently has a $86.00 price objective on the transportation company’s stock. Wolfe Research’s price target would suggest a potential upside of 12.73% from the company’s previous close.

CP has been the subject of several other reports. Evercore ISI upped their price objective on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Susquehanna raised shares of Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and dropped their price objective for the company from $94.00 to $92.00 in a research note on Thursday, October 24th. StockNews.com cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Finally, Bank of America reduced their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average target price of $93.56.

Canadian Pacific Kansas City Trading Down 1.1 %

CP opened at $76.29 on Wednesday. The stock has a market capitalization of $71.21 billion, a price-to-earnings ratio of 27.25, a P/E/G ratio of 2.26 and a beta of 0.96. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City has a twelve month low of $70.89 and a twelve month high of $91.58. The company has a 50-day simple moving average of $75.16 and a 200 day simple moving average of $79.36.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results 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 firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the prior year, the business posted $0.69 EPS. The business’s revenue was up 6.3% on a year-over-year basis. Analysts predict that Canadian Pacific Kansas City will post 3.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Grove Bank & Trust raised its holdings in shares of Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 130 shares during the period. Tower View Wealth Management LLC raised its stake in Canadian Pacific Kansas City by 0.3% during the 3rd quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company’s stock worth $4,410,000 after buying an additional 130 shares during the period. Bradley Foster & Sargent Inc. CT boosted its holdings in Canadian Pacific Kansas City by 3.0% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 4,504 shares of the transportation company’s stock worth $355,000 after acquiring 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 acquiring an additional 135 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Canadian Pacific Kansas City by 12.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,252 shares of the transportation company’s stock valued at $107,000 after acquiring an additional 141 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

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.