Canadian Pacific Kansas City (NYSE:CP) Given New $88.00 Price Target at Susquehanna

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective dropped by analysts at Susquehanna from $90.00 to $88.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “positive” rating on the transportation company’s stock. Susquehanna’s price target would indicate a potential upside of 21.77% from the stock’s current price.

Several other equities analysts also recently weighed in on the stock. Barclays dropped their target price on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Stifel Nicolaus dropped their price target 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. Loop Capital downgraded Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Citigroup increased their target price on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target for the company in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $94.95.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock traded down $1.02 during mid-day trading on Thursday, reaching $72.27. The company had a trading volume of 976,362 shares, compared to its average volume of 2,421,010. The stock’s 50-day simple moving average is $76.62 and its 200-day simple moving average is $77.68. Canadian Pacific Kansas City has a 1 year low of $70.89 and a 1 year high of $89.26. 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 market capitalization of $67.47 billion, a P/E ratio of 24.91, a P/E/G ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. On average, equities analysts predict 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 bought and sold shares of the business. Proficio Capital Partners LLC bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth about $2,602,000. Oak Family Advisors LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $262,000. Barclays PLC grew its stake in Canadian Pacific Kansas City by 2.8% during the 3rd quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock valued at $250,602,000 after acquiring an additional 81,111 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of Canadian Pacific Kansas City by 20.4% during the 3rd quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company’s stock valued at $178,189,000 after acquiring an additional 352,534 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $249,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.