Scotiabank Downgrades Canadian Pacific Kansas City (NYSE:CP) to Hold

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was downgraded by analysts at Scotiabank from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

CP has been the topic of several other research reports. National Bank Financial downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Sanford C. Bernstein boosted their price objective on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a “market perform” rating in a research note on Tuesday, March 31st. Royal Bank Of Canada reissued an “outperform” rating and set a $124.00 price objective (down from $127.00) on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Evercore reduced their target price 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. Finally, Wall Street Zen cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.45.

Canadian Pacific Kansas City Trading Down 0.6%

Shares of CP opened at $80.69 on Thursday. The business has a 50-day moving average of $81.90 and a 200 day moving average of $76.32. Canadian Pacific Kansas City has a fifty-two week low of $68.42 and a fifty-two week high of $89.42. The firm has a market cap of $72.00 billion, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 1.74 and a beta of 1.07. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.49.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.04). The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. Canadian Pacific Kansas City’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the company earned $1.29 earnings per share. As a group, research analysts forecast that Canadian Pacific Kansas City will post 3.42 EPS for the current year.

Institutional Trading of Canadian Pacific Kansas City

Several hedge funds have recently added to or reduced their stakes in CP. Frank Rimerman Advisors LLC grew its position in Canadian Pacific Kansas City by 0.8% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 17,799 shares of the transportation company’s stock worth $1,326,000 after acquiring an additional 145 shares during the last quarter. Cromwell Holdings LLC boosted its position in Canadian Pacific Kansas City by 8.1% during the 4th quarter. Cromwell Holdings LLC now owns 1,936 shares of the transportation company’s stock valued at $143,000 after buying an additional 145 shares during the period. Dorsey & Whitney Trust CO LLC grew its holdings in Canadian Pacific Kansas City by 3.2% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 5,033 shares of the transportation company’s stock worth $371,000 after acquiring an additional 157 shares during the last quarter. Fortune Financial Advisors LLC grew its holdings in Canadian Pacific Kansas City by 1.2% in the 4th quarter. Fortune Financial Advisors LLC now owns 13,623 shares of the transportation company’s stock worth $1,003,000 after acquiring an additional 158 shares during the last quarter. Finally, Brookstone Capital Management increased its position in shares of Canadian Pacific Kansas City by 1.2% in the fourth quarter. Brookstone Capital Management now owns 14,355 shares of the transportation company’s stock valued at $1,057,000 after acquiring an additional 176 shares during the period. 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.