Citigroup Has Lowered Expectations for Canadian Pacific Kansas City (NYSE:CP) Stock Price

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective dropped by analysts at Citigroup from $88.00 to $86.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Citigroup’s target price points to a potential upside of 15.64% from the stock’s previous close.

A number of other analysts have also commented on the stock. Natl Bk Canada lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Barclays set a $93.00 target price on shares of Canadian Pacific Kansas City in a research report on Thursday. Royal Bank Of Canada restated an “outperform” rating and issued a $124.00 price target (down previously from $127.00) on shares of Canadian Pacific Kansas City in a research report on Thursday. Evercore ISI decreased their price objective on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

Canadian Pacific Kansas City Stock Performance

CP opened at $74.37 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46. The firm has a market cap of $66.75 billion, a PE ratio of 23.02, a P/E/G ratio of 1.68 and a beta of 1.10. The business has a fifty day simple moving average of $73.13 and a 200-day simple moving average of $74.17. Canadian Pacific Kansas City has a fifty-two week low of $66.49 and a fifty-two week high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.88%. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same period in the prior year, the company earned $1.29 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, equities analysts predict that Canadian Pacific Kansas City will post 3.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Canadian Pacific Kansas City by 1.3% during the third quarter. Vanguard Group Inc. now owns 38,734,456 shares of the transportation company’s stock valued at $2,884,826,000 after acquiring an additional 510,633 shares in the last quarter. Invesco Ltd. grew its position in Canadian Pacific Kansas City by 18.3% in the third quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company’s stock worth $1,722,841,000 after acquiring an additional 3,585,030 shares in the last quarter. TD Asset Management Inc increased its stake in shares of Canadian Pacific Kansas City by 0.7% during the 2nd quarter. TD Asset Management Inc now owns 21,002,374 shares of the transportation company’s stock worth $1,665,106,000 after purchasing an additional 136,970 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Canadian Pacific Kansas City by 0.9% during the 2nd quarter. Mackenzie Financial Corp now owns 16,498,767 shares of the transportation company’s stock valued at $1,311,512,000 after purchasing an additional 150,963 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Canadian Pacific Kansas City by 87.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 16,000,064 shares of the transportation company’s stock valued at $1,268,325,000 after purchasing an additional 7,454,810 shares in the last quarter. 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.