Brokerages Set Canadian Pacific Kansas City Limited (NYSE:CP) PT at $92.63

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $92.63.

CP has been the topic of a number of research reports. Sanford C. Bernstein cut their price objective on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a report on Wednesday, October 9th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Wells Fargo & Company dropped their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Evercore ISI raised their target price on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. Finally, Citigroup decreased their price target on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th.

Institutional Trading of Canadian Pacific Kansas City

Hedge funds have recently made changes to their positions in the stock. Compass Wealth Management LLC raised its stake in 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 valued at $4,221,000 after buying an additional 1,372 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $344,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $249,000. Sustainable Insight Capital Management LLC lifted its stake in 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 last quarter. Finally, Cardinal Capital Management Inc. boosted its holdings in Canadian Pacific Kansas City by 4.7% in 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 and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 3.9 %

NYSE CP opened at $77.76 on Friday. The company has a market cap of $72.59 billion, a P/E ratio of 27.77, a P/E/G ratio of 1.91 and a beta of 0.96. Canadian Pacific Kansas City has a 12 month low of $70.89 and a 12 month high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The company has a 50-day moving average of $74.64 and a 200-day moving average of $79.12.

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

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.