Benchmark Reiterates “Hold” Rating for Canadian Pacific Kansas City (NYSE:CP)

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP)‘s stock had its “hold” rating restated by research analysts at Benchmark in a research report issued on Thursday,Benzinga reports.

Other research analysts also recently issued reports about the stock. Citigroup dropped their target price on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Barclays lowered their price objective on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Stephens raised 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 note on Thursday. Stifel Nicolaus dropped 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 report on Thursday, January 16th. Finally, Bank of America dropped their target price on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average target price of $92.94.

Canadian Pacific Kansas City Stock Up 3.4 %

Canadian Pacific Kansas City stock traded up $2.65 during mid-day trading on Thursday, reaching $81.49. 1,605,597 shares of the company’s stock were exchanged, compared to its average volume of 2,858,510. The company has a market cap of $76.08 billion, a P/E ratio of 29.10, a P/E/G ratio of 2.01 and a beta of 0.96. Canadian Pacific Kansas City has a twelve month low of $70.89 and a twelve month high of $91.58. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average of $75.25 and a 200-day moving average of $79.04.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. Sell-side analysts expect that Canadian Pacific Kansas City will post 3 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Grove Bank & Trust raised its holdings in Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 130 shares in the last quarter. Addison Advisors LLC increased its stake in Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 279 shares during the last quarter. FSA Wealth Management LLC bought a new stake in Canadian Pacific Kansas City during the third quarter valued at $34,000. Stonebridge Financial Group LLC bought a new stake in Canadian Pacific Kansas City during the fourth quarter valued at $34,000. Finally, YANKCOM Partnership bought a new stake in Canadian Pacific Kansas City during the fourth quarter valued at $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.