Canadian Pacific Kansas City (NYSE:CP) Stock Rating Upgraded by Susquehanna

Canadian Pacific Kansas City (NYSE:CPGet Free Report) (TSE:CP) was upgraded by Susquehanna from a “neutral” rating to a “positive” rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm currently has a $92.00 price objective on the transportation company’s stock, down from their prior price objective of $94.00. Susquehanna’s price target suggests a potential upside of 19.33% from the company’s current price.

A number of other analysts have also weighed in on CP. Scotiabank raised shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Jefferies Financial Group decreased their price target on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Sanford C. Bernstein dropped their price objective on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. Evercore ISI upped their price objective 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. Finally, Barclays lifted their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.78.

Check Out Our Latest Report on Canadian Pacific Kansas City

Canadian Pacific Kansas City Stock Down 1.8 %

CP opened at $77.10 on Thursday. The stock’s 50 day moving average price is $82.90 and its 200 day moving average price is $81.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44. The stock has a market cap of $71.94 billion, a P/E ratio of 24.71, a P/E/G ratio of 2.21 and a beta of 0.96. Canadian Pacific Kansas City has a 12 month low of $69.07 and a 12 month high of $91.58.

Canadian Pacific Kansas City (NYSE:CPGet Free Report) (TSE:CP) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. Canadian Pacific Kansas City’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the business posted $0.69 earnings per share. As a group, research analysts predict that Canadian Pacific Kansas City will post 3.2 earnings per share for the current year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Institutional investors and hedge funds have recently bought and sold shares of the business. Grove Bank & Trust boosted its stake in shares of Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after buying an additional 130 shares during the period. LRI Investments LLC acquired a new stake in Canadian Pacific Kansas City during the first quarter valued at $32,000. Chris Bulman Inc purchased a new position in Canadian Pacific Kansas City in the second quarter valued at about $35,000. Asset Dedication LLC acquired a new position in Canadian Pacific Kansas City in the 3rd quarter worth about $38,000. Finally, ORG Partners LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter worth about $39,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

About Canadian Pacific Kansas City

(Get Free Report)

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.

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Analyst Recommendations for Canadian Pacific Kansas City (NYSE:CP)

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