Canadian Pacific Kansas City (NYSE:CP) Price Target Cut to $87.00 by Analysts at Barclays

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its target price lowered by equities research analysts at Barclays from $91.00 to $87.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. Barclays‘s price objective would suggest a potential upside of 23.58% from the company’s current price.

Other research analysts have also issued research reports about the company. Loop Capital lowered Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Susquehanna lowered their price target on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating for the company in a research report on Thursday, March 27th. StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Citigroup boosted their target price on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Stifel Nicolaus dropped their price target on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.68.

Canadian Pacific Kansas City Trading Down 2.8 %

Canadian Pacific Kansas City stock opened at $70.40 on Wednesday. Canadian Pacific Kansas City has a 1 year low of $68.00 and a 1 year high of $89.26. The firm’s 50-day moving average is $75.92 and its 200-day moving average is $77.12. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The company has a market cap of $65.73 billion, a P/E ratio of 24.28, a PEG ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. On average, equities analysts expect that Canadian Pacific Kansas City will post 3.42 earnings per share for the current year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of institutional investors and hedge funds have recently bought and sold shares of CP. Bernard Wealth Management Corp. bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $31,000. Kestra Investment Management LLC acquired a new position in Canadian Pacific Kansas City in the fourth quarter worth approximately $33,000. Stonebridge Financial Group LLC bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at $34,000. YANKCOM Partnership acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at $36,000. Finally, Millstone Evans Group LLC bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth $36,000. 72.20% of the stock is 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.