Canadian Pacific Kansas City (NYSE:CP) Downgraded by Wall Street Zen to “Sell”

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Sunday.

A number of other research analysts also recently weighed in on CP. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, January 21st. Morgan Stanley upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Susquehanna set a $87.00 target price on Canadian Pacific Kansas City in a report on Thursday, October 30th. Natl Bk Canada downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Finally, Evercore lowered their price target on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Canadian Pacific Kansas City Stock Up 0.0%

NYSE:CP opened at $83.74 on Friday. The stock has a 50-day simple moving average of $74.77 and a 200 day simple moving average of $74.37. Canadian Pacific Kansas City has a 52-week low of $66.49 and a 52-week high of $85.15. The company has a market cap of $75.16 billion, a PE ratio of 25.92, a PEG ratio of 1.78 and a beta of 1.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.88% and a net margin of 27.49%.The company’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company earned $1.29 EPS. On average, sell-side analysts expect that Canadian Pacific Kansas City will post 3.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CP. Intech Investment Management LLC lifted its stake in shares of Canadian Pacific Kansas City by 16.0% during the 1st quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock worth $1,493,000 after buying an additional 2,940 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Canadian Pacific Kansas City during the first quarter worth approximately $35,000. Sivia Capital Partners LLC acquired a new stake in Canadian Pacific Kansas City during the second quarter worth approximately $206,000. Yousif Capital Management LLC boosted its holdings in shares of Canadian Pacific Kansas City by 8.2% during the second quarter. Yousif Capital Management LLC now owns 12,044 shares of the transportation company’s stock worth $955,000 after acquiring an additional 910 shares during the period. Finally, Harbour Investments Inc. grew its position in shares of Canadian Pacific Kansas City by 139.4% in the second quarter. Harbour Investments Inc. now owns 2,212 shares of the transportation company’s stock valued at $175,000 after purchasing an additional 1,288 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

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.