Canadian Pacific Kansas City (NYSE:CP) Cut to Sell at Wall Street Zen

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts also recently commented on CP. Jefferies Financial Group set a $90.00 target price on Canadian Pacific Kansas City in a report on Thursday, October 30th. Barclays set a $90.00 price target on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday, October 2nd. Citigroup decreased their price objective on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Evercore ISI lowered their target price on shares of Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada dropped their target price on shares of Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.69.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $74.41 on Friday. Canadian Pacific Kansas City has a twelve month low of $66.49 and a twelve month high of $83.65. The stock’s 50 day moving average is $72.64 and its two-hundred day moving average is $75.32. The firm has a market capitalization of $66.77 billion, a PE ratio of 22.69, a P/E/G ratio of 1.62 and a beta of 1.10. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period last year, the company posted $0.99 earnings per share. Research analysts anticipate that Canadian Pacific Kansas City will post 3.42 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CP. Vident Advisory LLC grew its position in shares of Canadian Pacific Kansas City by 13.2% in the first quarter. Vident Advisory LLC now owns 6,733 shares of the transportation company’s stock valued at $473,000 after purchasing an additional 787 shares during the period. Focus Partners Advisor Solutions LLC boosted its stake in Canadian Pacific Kansas City by 31.5% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 5,104 shares of the transportation company’s stock worth $358,000 after buying an additional 1,222 shares during the last quarter. Amundi grew its holdings in Canadian Pacific Kansas City by 3.1% in the 1st quarter. Amundi now owns 1,363,989 shares of the transportation company’s stock valued at $96,134,000 after buying an additional 41,253 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Canadian Pacific Kansas City during the 1st quarter valued at about $421,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of Canadian Pacific Kansas City by 2.5% during the 1st quarter. NewEdge Advisors LLC now owns 31,290 shares of the transportation company’s stock worth $2,197,000 after acquiring an additional 750 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.