Citigroup Cuts Canadian Pacific Kansas City (NYSE:CP) Price Target to $84.00

Canadian Pacific Kansas City (NYSE:CPGet Free Report) (TSE:CP) had its price objective lowered by research analysts at Citigroup from $91.00 to $84.00 in a research report issued on Tuesday, MarketBeat.com reports. The firm presently has a “buy” rating on the transportation company’s stock. Citigroup’s price objective would indicate a potential upside of 14.58% from the stock’s current price.

Several other brokerages have also weighed in on CP. Stephens upped their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. StockNews.com cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Barclays lowered their target price on Canadian Pacific Kansas City from $91.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Wells Fargo & Company cut their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus cut their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average target price of $93.55.

Read Our Latest Stock Report on CP

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $73.31 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City has a 12-month low of $66.49 and a 12-month high of $88.66. The company has a market cap of $68.45 billion, a price-to-earnings ratio of 25.28, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. The stock has a 50 day simple moving average of $74.76 and a 200-day simple moving average of $76.44.

Canadian Pacific Kansas City (NYSE:CPGet Free Report) (TSE:CP) last issued its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate 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 forecast that Canadian Pacific Kansas City will post 3.42 EPS for the current year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth about $31,000. Kestra Investment Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $33,000. Stonebridge Financial Group LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $34,000. YANKCOM Partnership purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $36,000. Finally, Millstone Evans Group LLC acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at $36,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

About Canadian Pacific Kansas City

(Get Free Report)

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.

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