Canadian Pacific Kansas City (NYSE:CP) PT Lowered to $80.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target cut by equities research analysts at Susquehanna from $84.00 to $80.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target suggests a potential downside of 2.03% from the stock’s previous close.

A number of other equities analysts also recently issued reports on CP. Bank of America increased their price target on Canadian Pacific Kansas City from $87.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, April 10th. Susquehanna Bancshares downgraded Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and dropped their price target for the stock from $90.00 to $87.00 in a research report on Monday, January 8th. StockNews.com raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, Scotiabank reissued a “sector perform” rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. Twelve research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $96.42.

Canadian Pacific Kansas City Stock Performance

CP stock opened at $81.66 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. The business’s fifty day simple moving average is $87.04 and its two-hundred day simple moving average is $79.80. Canadian Pacific Kansas City has a twelve month low of $68.92 and a twelve month high of $91.58. The firm has a market cap of $76.16 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 2.10 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.57% and a net margin of 28.27%. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Analysts predict that Canadian Pacific Kansas City will post 3.2 earnings per share for the current year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Institutional investors have recently added to or reduced their stakes in the business. Sands Capital Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the third quarter worth about $31,000. Anchor Investment Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth about $40,000. Independence Bank of Kentucky purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth about $43,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth about $45,000. Finally, Rational Advisors LLC purchased a new position in shares of Canadian Pacific Kansas City in the first quarter worth about $52,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

About Canadian Pacific Kansas City

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.