Canadian Pacific Kansas City (NYSE:CP) Given New $88.00 Price Target at Susquehanna

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target cut by investment analysts at Susquehanna from $90.00 to $88.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “positive” rating on the transportation company’s stock. Susquehanna’s target price indicates a potential upside of 26.97% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Stephens upped their price objective on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. StockNews.com lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Royal Bank of Canada boosted their target price on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Argus set a $90.00 price target on Canadian Pacific Kansas City in a research note on Wednesday. Finally, Wells Fargo & Company dropped their price objective 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. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average price target of $94.95.

Canadian Pacific Kansas City Stock Performance

CP stock opened at $69.31 on Thursday. The stock has a market capitalization of $64.72 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 2.00 and a beta of 0.98. The stock’s fifty day moving average is $76.45 and its two-hundred day moving average is $77.53. Canadian Pacific Kansas City has a 1 year low of $69.28 and a 1 year high of $89.26. 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 (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. On average, research analysts predict that Canadian Pacific Kansas City will post 3.42 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CP. Thrivent Financial for Lutherans lifted its holdings in shares of Canadian Pacific Kansas City by 61.9% in the third quarter. Thrivent Financial for Lutherans now owns 19,807 shares of the transportation company’s stock valued at $1,694,000 after purchasing an additional 7,573 shares in the last quarter. Cerity Partners LLC raised its position in Canadian Pacific Kansas City by 33.0% during the third quarter. Cerity Partners LLC now owns 81,567 shares of the transportation company’s stock valued at $6,977,000 after buying an additional 20,220 shares during the period. Larson Financial Group LLC lifted its stake in Canadian Pacific Kansas City by 20.6% in the 3rd quarter. Larson Financial Group LLC now owns 2,518 shares of the transportation company’s stock worth $215,000 after acquiring an additional 430 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Canadian Pacific Kansas City during the 3rd quarter worth about $530,000. Finally, Brown Brothers Harriman & Co. grew its stake in Canadian Pacific Kansas City by 63.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,895 shares of the transportation company’s stock valued at $248,000 after acquiring an additional 1,120 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.