Canadian Pacific Kansas City (NYSE:CP) Rating Lowered to “Moderate Buy” at ATB Cormark Capital Markets

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was downgraded by equities researchers at ATB Cormark Capital Markets from a “strong-buy” rating to a “moderate buy” rating in a research note issued to investors on Friday,Zacks.com reports.

A number of other research firms have also recently commented on CP. Scotiabank cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Wall Street Zen cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Tuesday, March 3rd. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Evercore decreased their price objective on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Finally, Sanford C. Bernstein lifted their price objective on shares of 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 equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $93.80.

Canadian Pacific Kansas City Stock Up 1.7%

CP stock opened at $81.49 on Friday. The firm has a 50 day moving average of $82.21 and a 200 day moving average of $76.59. The stock has a market capitalization of $72.71 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City has a 52 week low of $68.42 and a 52 week high of $89.42.

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

Institutional Trading of Canadian Pacific Kansas City

Several institutional investors and hedge funds have recently bought and sold shares of CP. Cidel Asset Management Inc. increased its holdings in shares of Canadian Pacific Kansas City by 249.8% during the 1st quarter. Cidel Asset Management Inc. now owns 398,325 shares of the transportation company’s stock valued at $31,245,000 after purchasing an additional 284,461 shares in the last quarter. Kirr Marbach & Co. LLC IN lifted its stake in shares of Canadian Pacific Kansas City by 4.1% in the 1st quarter. Kirr Marbach & Co. LLC IN now owns 171,095 shares of the transportation company’s stock valued at $13,486,000 after purchasing an additional 6,803 shares during the period. SG Americas Securities LLC lifted its stake in shares of Canadian Pacific Kansas City by 123.3% in the 1st quarter. SG Americas Securities LLC now owns 11,061 shares of the transportation company’s stock valued at $870,000 after purchasing an additional 58,441 shares during the period. Purpose Unlimited Inc. acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $1,403,000. Finally, World Investment Advisors lifted its stake in shares of Canadian Pacific Kansas City by 49.3% in the 4th quarter. World Investment Advisors now owns 8,537 shares of the transportation company’s stock valued at $629,000 after purchasing an additional 2,818 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

About Canadian Pacific Kansas City

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.