Citigroup Cuts Canadian Pacific Kansas City (NYSE:CP) Price Target to $91.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its target price dropped by analysts at Citigroup from $98.00 to $91.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Citigroup’s price target would indicate a potential upside of 18.34% from the stock’s previous close.

CP has been the subject of a number of other research reports. Evercore ISI raised their price objective on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Barclays raised their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Sanford C. Bernstein cut their price objective on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. Susquehanna raised shares of Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and decreased their price objective for the stock from $94.00 to $92.00 in a research note on Thursday, October 24th. Finally, Stifel Nicolaus cut their price objective on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Friday, October 11th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $93.68.

Canadian Pacific Kansas City Stock Down 0.6 %

Shares of Canadian Pacific Kansas City stock traded down $0.50 during midday trading on Tuesday, hitting $76.90. The company had a trading volume of 811,896 shares, compared to its average volume of 2,134,814. 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 stock has a market capitalization of $71.77 billion, a P/E ratio of 27.50, a P/E/G ratio of 2.30 and a beta of 0.98. The company has a 50 day moving average of $82.07 and a 200 day moving average of $80.77. Canadian Pacific Kansas City has a 52-week low of $69.08 and a 52-week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 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 for the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter in the prior year, the business posted $0.69 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities analysts predict that Canadian Pacific Kansas City will post 3.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Institutional investors have recently bought and sold shares of the business. Mirova US LLC bought a new stake in Canadian Pacific Kansas City in the second quarter valued at about $168,063,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Canadian Pacific Kansas City by 398.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company’s stock worth $165,419,000 after acquiring an additional 1,678,784 shares during the period. Wulff Hansen & CO. raised its holdings in Canadian Pacific Kansas City by 8,261.4% in the 2nd quarter. Wulff Hansen & CO. now owns 943,500 shares of the transportation company’s stock worth $74,282,000 after acquiring an additional 932,216 shares during the period. AGF Management Ltd. raised its holdings in Canadian Pacific Kansas City by 86.5% in the 2nd quarter. AGF Management Ltd. now owns 1,586,609 shares of the transportation company’s stock worth $125,094,000 after acquiring an additional 735,816 shares during the period. Finally, 1832 Asset Management L.P. raised its holdings in Canadian Pacific Kansas City by 5.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 13,821,347 shares of the transportation company’s stock worth $1,088,155,000 after acquiring an additional 723,188 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Company Profile

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.