Canadian Pacific Kansas City (NYSE:CP) Coverage Initiated at Citizens Jmp

Research analysts at Citizens Jmp began coverage on shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) in a note issued to investors on Wednesday, Marketbeat.com reports. The brokerage set a “market perform” rating on the transportation company’s stock.

A number of other analysts have also recently commented on CP. Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, June 24th. Stephens raised Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 8th. Wells Fargo & Company upped their price target on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Canadian Imperial Bank of Commerce increased their price objective on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a research note on Thursday, June 25th. Finally, Citigroup raised their price objective on shares of Canadian Pacific Kansas City from $97.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average price target of $104.91.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $92.84 on Wednesday. The firm has a market cap of $82.17 billion, a PE ratio of 28.66, a P/E/G ratio of 1.81 and a beta of 1.10. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46. The firm has a fifty day simple moving average of $88.09 and a two-hundred day simple moving average of $82.69. Canadian Pacific Kansas City has a 1-year low of $68.42 and a 1-year high of $93.30.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. Canadian Pacific Kansas City’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.06 earnings per share. On average, equities analysts anticipate that Canadian Pacific Kansas City will post 3.68 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Prosperity Bancshares Inc purchased a new stake in Canadian Pacific Kansas City in the 4th quarter worth approximately $26,000. Gilpin Wealth Management LLC bought a new stake in Canadian Pacific Kansas City in the 4th quarter valued at $29,000. McMillan Office Inc. bought a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth about $31,000. Acadian Asset Management LLC purchased a new position in Canadian Pacific Kansas City during the 1st quarter valued at approximately $35,000. Finally, Wealth Watch Advisors INC purchased a new position in Canadian Pacific Kansas City during the 3rd quarter valued at approximately $36,000. 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.