Canadian Pacific Kansas City (NYSE:CP) Stock Rating Upgraded by National Bank Financial

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was upgraded by National Bank Financial from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Evercore dropped their price target on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Wall Street Zen lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Tuesday, March 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $124.00 price objective (down from $127.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Scotiabank lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, Sanford C. Bernstein increased 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. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average target price of $93.80.

Canadian Pacific Kansas City Trading Down 1.1%

NYSE:CP opened at $80.11 on Wednesday. Canadian Pacific Kansas City has a 1 year low of $68.42 and a 1 year high of $89.42. The stock has a market capitalization of $71.48 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 1.74 and a beta of 1.07. The stock has a fifty day moving average price of $82.19 and a two-hundred day moving average price of $76.52. 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 announced 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). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter in the prior year, the business earned $1.29 EPS. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Canadian Pacific Kansas City will post 3.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several hedge funds and other institutional investors have recently modified their holdings of CP. Norges Bank acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $978,558,000. Janus Henderson Group PLC raised its holdings in shares of Canadian Pacific Kansas City by 586.1% during the 4th quarter. Janus Henderson Group PLC now owns 6,147,835 shares of the transportation company’s stock valued at $452,781,000 after buying an additional 5,251,755 shares during the period. Invesco Ltd. raised its holdings in shares of Canadian Pacific Kansas City by 18.3% during the 3rd quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company’s stock valued at $1,722,841,000 after buying an additional 3,585,030 shares during the period. FIL Ltd raised its holdings in shares of Canadian Pacific Kansas City by 20.2% during the 4th quarter. FIL Ltd now owns 16,666,777 shares of the transportation company’s stock valued at $1,227,045,000 after buying an additional 2,804,686 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of Canadian Pacific Kansas City by 206.0% during the 4th quarter. BNP Paribas Financial Markets now owns 2,830,409 shares of the transportation company’s stock valued at $208,403,000 after buying an additional 1,905,302 shares during the period. 72.20% of the stock is 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.