Canadian Pacific Kansas City (NYSE:CP) PT Raised to $130.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective increased by investment analysts at Raymond James from $120.00 to $130.00 in a report issued on Monday, Benzinga reports. The firm presently has an “outperform” rating on the transportation company’s stock. Raymond James’ price objective indicates a potential upside of 48.20% from the stock’s previous close. Raymond James also issued estimates for Canadian Pacific Kansas City’s Q1 2024 earnings at $0.69 EPS and FY2024 earnings at $3.17 EPS.

A number of other research analysts have also recently issued reports on the stock. Susquehanna lowered their price target on shares of Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday, March 28th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, April 10th. StockNews.com raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Bank of America increased their target price on Canadian Pacific Kansas City from $87.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Finally, Jefferies Financial Group initiated coverage on shares of Canadian Pacific Kansas City in a research note on Monday, April 8th. They set a “buy” rating and a $105.00 price objective for the company. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $97.22.

Canadian Pacific Kansas City Price Performance

CP opened at $87.72 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53. The stock has a market capitalization of $81.81 billion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 2.17 and a beta of 0.94. The stock’s 50 day moving average price is $87.24 and its 200-day moving average price is $79.71. Canadian Pacific Kansas City has a 52-week low of $68.92 and a 52-week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.71 billion. On average, equities research analysts predict that Canadian Pacific Kansas City will post 3.21 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Sands Capital Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter worth approximately $31,000. Anchor Investment Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $40,000. AdvisorNet Financial Inc raised its stake in shares of Canadian Pacific Kansas City by 452.1% during the 3rd quarter. AdvisorNet Financial Inc now owns 519 shares of the transportation company’s stock worth $39,000 after buying an additional 425 shares during the period. Independence Bank of Kentucky purchased a new position in Canadian Pacific Kansas City during the fourth quarter valued at $43,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in Canadian Pacific Kansas City in the 4th quarter worth about $45,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.