Canadian Pacific Kansas City (NYSE:CP) Upgraded at Wall Street Zen

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

Several other brokerages have also issued reports on CP. Jefferies Financial Group set a $90.00 target price on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Royal Bank Of Canada restated an “outperform” rating and set a $124.00 price target (down previously from $127.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. Evercore cut their price objective on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday, January 29th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, January 21st. Finally, Susquehanna set a $87.00 price objective on Canadian Pacific Kansas City in a report on Thursday, October 30th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus target price of $92.00.

Canadian Pacific Kansas City Stock Up 0.5%

Shares of NYSE CP opened at $85.14 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average of $75.74 and a 200-day moving average of $74.71. The firm has a market capitalization of $76.44 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 1.81 and a beta of 1.10. Canadian Pacific Kansas City has a 12 month low of $66.49 and a 12 month high of $85.56.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (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 the consensus estimate of $2.85 billion. During the same quarter in the previous year, the firm earned $1.29 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. Sell-side analysts expect that Canadian Pacific Kansas City will post 3.42 earnings per share for the current fiscal year.

Institutional Trading of Canadian Pacific Kansas City

Several hedge funds and other institutional investors have recently bought and sold shares of CP. Prosperity Bancshares Inc purchased a new stake in Canadian Pacific Kansas City in the fourth quarter worth $26,000. Twin Peaks Wealth Advisors LLC bought a new position in Canadian Pacific Kansas City in the 2nd quarter worth $27,000. Gilpin Wealth Management LLC bought a new position in Canadian Pacific Kansas City in the 4th quarter worth $29,000. Caldwell Trust Co purchased a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter worth about $30,000. Finally, McMillan Office Inc. bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $31,000. Institutional investors own 72.20% of the company’s stock.

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.