Canadian Pacific Kansas City Limited (NYSE:CP) Sees Significant Increase in Short Interest

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 7,110,000 shares, a growth of 5.2% from the December 15th total of 6,760,000 shares. Based on an average daily volume of 2,850,000 shares, the days-to-cover ratio is presently 2.5 days.

Canadian Pacific Kansas City Trading Up 3.9 %

Shares of CP opened at $77.76 on Wednesday. The stock has a fifty day moving average price of $74.64 and a two-hundred day moving average price of $79.12. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City has a 52-week low of $70.89 and a 52-week high of $91.58. The company has a market cap of $72.59 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 1.91 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the previous year, the firm posted $0.69 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Analysts predict that Canadian Pacific Kansas City will post 3.02 EPS for the current fiscal year.

Analysts Set New Price Targets

CP has been the topic of several recent research reports. Susquehanna decreased their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Citigroup decreased their price target on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Wells Fargo & Company decreased their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Finally, Wolfe Research raised Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average target price of $92.63.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Compass Wealth Management LLC raised its position in shares of Canadian Pacific Kansas City by 2.4% during the fourth quarter. Compass Wealth Management LLC now owns 58,317 shares of the transportation company’s stock worth $4,221,000 after acquiring an additional 1,372 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $344,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $249,000. Sustainable Insight Capital Management LLC grew its stake in shares of Canadian Pacific Kansas City by 15.1% during the fourth quarter. Sustainable Insight Capital Management LLC now owns 6,100 shares of the transportation company’s stock worth $441,000 after purchasing an additional 800 shares during the period. Finally, Cardinal Capital Management Inc. grew its stake in shares of Canadian Pacific Kansas City by 4.7% during the fourth quarter. Cardinal Capital Management Inc. now owns 1,247,403 shares of the transportation company’s stock worth $90,115,000 after purchasing an additional 56,012 shares during the period. Institutional investors 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.