Wall Street Zen Upgrades Canadian Pacific Kansas City (NYSE:CP) to Hold

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other equities analysts also recently commented on CP. Morgan Stanley upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Jefferies Financial Group set a $90.00 price target on Canadian Pacific Kansas City in a research note on Thursday, October 30th. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, January 21st. Evercore dropped their price objective on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. Finally, Natl Bk Canada lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $92.00.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $80.50 on Friday. Canadian Pacific Kansas City has a 1 year low of $66.49 and a 1 year high of $83.65. The stock has a market capitalization of $72.26 billion, a PE ratio of 24.92, a PEG ratio of 1.66 and a beta of 1.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63. The stock has a 50-day simple moving average of $73.77 and a 200-day simple moving average of $74.17.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share 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 firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same period last year, the business earned $1.29 EPS. The firm’s revenue was up 1.3% compared to the same quarter last year. On average, analysts predict that Canadian Pacific Kansas City will post 3.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Institutional investors and hedge funds have recently made changes to their positions in the business. Twin Peaks Wealth Advisors LLC purchased a new stake in Canadian Pacific Kansas City during the 2nd quarter valued at approximately $27,000. Caldwell Trust Co purchased a new position in shares of Canadian Pacific Kansas City in the 3rd quarter valued at approximately $30,000. Wealth Watch Advisors INC acquired a new position in shares of Canadian Pacific Kansas City in the third quarter valued at approximately $36,000. Cornerstone Planning Group LLC raised its stake in shares of Canadian Pacific Kansas City by 205.5% during the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after purchasing an additional 335 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the first quarter worth $35,000. 72.20% of the stock is 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.