Canadian Pacific Kansas City (NYSE:CP) Posts Earnings Results, Beats Expectations By $0.26 EPS

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) released its quarterly earnings data on Wednesday. The transportation company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26, Zacks reports. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%.

Canadian Pacific Kansas City Stock Down 0.7 %

NYSE:CP traded down $0.54 on Wednesday, hitting $78.66. The stock had a trading volume of 5,870,482 shares, compared to its average volume of 2,932,363. Canadian Pacific Kansas City has a 1 year low of $70.89 and a 1 year high of $91.58. The firm’s fifty day simple moving average is $75.15 and its two-hundred day simple moving average is $79.05. The stock has a market cap of $73.44 billion, a P/E ratio of 28.09, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CP shares. Sanford C. Bernstein decreased their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. Citigroup cut their target price on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Susquehanna dropped their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a report on Wednesday, January 8th. Finally, Stephens raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $81.00 to $88.00 in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus price target of $92.63.

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.