Royal Bank Of Canada Has Lowered Expectations for Canadian Pacific Kansas City (NYSE:CP) Stock Price

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target decreased by analysts at Royal Bank Of Canada from $129.00 to $127.00 in a note issued to investors on Thursday, MarketBeat Ratings reports. The firm presently has an “outperform” rating on the transportation company’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 76.36% from the company’s current price.

CP has been the topic of several other reports. National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Citigroup decreased their price target on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. Stephens lifted their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Finally, Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average target price of $91.69.

Canadian Pacific Kansas City Trading Down 0.8%

Shares of CP opened at $72.01 on Thursday. The firm’s 50 day simple moving average is $75.49 and its 200 day simple moving average is $76.94. The company has a market capitalization of $64.84 billion, a P/E ratio of 21.95, a P/E/G ratio of 2.07 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.93 and a quick ratio of 0.81. Canadian Pacific Kansas City has a 1-year low of $66.49 and a 1-year high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, October 29th. The transportation company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.01). The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.74% and a net margin of 28.41%.During the same period last year, the business posted $0.99 earnings per share. Sell-side analysts forecast that Canadian Pacific Kansas City will post 3.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC bought a new position in shares of Canadian Pacific Kansas City in the second quarter worth approximately $27,000. Cornerstone Planning Group LLC boosted its holdings in Canadian Pacific Kansas City by 209.8% in the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 256 shares in the last quarter. North Capital Inc. bought a new stake in Canadian Pacific Kansas City in the first quarter valued at $27,000. Cheviot Value Management LLC bought a new stake in Canadian Pacific Kansas City in the first quarter valued at $30,000. Finally, Caldwell Trust Co bought a new stake in Canadian Pacific Kansas City in the third quarter valued at $30,000. Institutional investors 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.