Canadian Pacific Kansas City (NYSE:CP) Stock Price Expected to Rise, Bank of America Analyst Says

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its target price upped by equities research analysts at Bank of America from $82.00 to $90.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Bank of America‘s price objective indicates a potential upside of 10.30% from the stock’s previous close.

CP has been the topic of a number of other research reports. Royal Bank of Canada lowered their price target on Canadian Pacific Kansas City from $122.00 to $121.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. Argus set a $90.00 price target on Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, May 1st. Evercore ISI lowered their price target on Canadian Pacific Kansas City from $89.00 to $88.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. Finally, Loop Capital downgraded Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus target price of $90.63.

Canadian Pacific Kansas City Stock Up 0.1%

Shares of CP opened at $81.59 on Friday. Canadian Pacific Kansas City has a 52 week low of $66.49 and a 52 week high of $87.72. 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 company has a market capitalization of $75.92 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 2.00 and a beta of 1.09. The stock’s 50-day moving average price is $73.33 and its 200-day moving average price is $75.13.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, hitting analysts’ consensus estimates of $0.74. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the business earned $0.93 earnings per share. The company’s revenue was up 8.0% compared to the same quarter last year. On average, sell-side analysts predict that Canadian Pacific Kansas City will post 3.42 EPS for the current year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Canadian Pacific Kansas City by 1.0% in the first quarter. Vanguard Group Inc. now owns 37,142,988 shares of the transportation company’s stock valued at $2,606,624,000 after purchasing an additional 364,515 shares during the last quarter. TD Asset Management Inc increased its holdings in shares of Canadian Pacific Kansas City by 0.5% in the first quarter. TD Asset Management Inc now owns 20,865,404 shares of the transportation company’s stock valued at $1,464,094,000 after purchasing an additional 104,077 shares during the last quarter. Causeway Capital Management LLC increased its holdings in shares of Canadian Pacific Kansas City by 11.5% in the first quarter. Causeway Capital Management LLC now owns 17,208,788 shares of the transportation company’s stock valued at $1,207,605,000 after purchasing an additional 1,778,984 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Canadian Pacific Kansas City by 59.5% in the first quarter. Invesco Ltd. now owns 16,984,351 shares of the transportation company’s stock valued at $1,192,471,000 after purchasing an additional 6,337,312 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in shares of Canadian Pacific Kansas City by 6.5% in the first quarter. Mackenzie Financial Corp now owns 16,347,804 shares of the transportation company’s stock valued at $1,147,220,000 after purchasing an additional 999,522 shares during the last quarter. Institutional investors and hedge funds 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.