Barclays Lowers Canadian Pacific Kansas City (NYSE:CP) Price Target to $91.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target dropped by equities researchers at Barclays from $93.00 to $91.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. Barclays‘s target price suggests a potential upside of 16.34% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. Evercore decreased their target price on shares of 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. Morgan Stanley raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. National Bank Financial cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Wall Street Zen downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Tuesday, March 3rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $124.00 target price (down from $127.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $78.22 on Friday. The firm has a market capitalization of $70.23 billion, a P/E ratio of 24.22, a PEG ratio of 1.59 and a beta of 1.06. The stock has a fifty day moving average price of $80.54 and a 200 day moving average price of $76.04. Canadian Pacific Kansas City has a 52 week low of $66.49 and a 52 week high of $89.42. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same period in the previous year, the business posted $1.29 earnings per share. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. Equities research analysts anticipate that Canadian Pacific Kansas City will post 3.42 earnings per share for the current year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several institutional investors have recently bought and sold shares of the business. Intech Investment Management LLC boosted its position in 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 purchasing an additional 2,940 shares during the period. Acadian Asset Management LLC purchased a new position in Canadian Pacific Kansas City in the first quarter valued at about $35,000. Sivia Capital Partners LLC acquired a new position in shares of Canadian Pacific Kansas City during the second quarter worth about $206,000. Prudential Financial Inc. boosted its position in shares of Canadian Pacific Kansas City by 8.7% in the second quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock worth $411,000 after buying an additional 415 shares during the period. Finally, Global Retirement Partners LLC purchased a new stake in shares of Canadian Pacific Kansas City in the second quarter worth about $208,000. 72.20% of the stock is currently owned by hedge funds and other 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.