Canadian Pacific Kansas City (NYSE:CP) Price Target Raised to $96.00
Barclays boosted their target price on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an "overweight" rating in a research note on Thursday. Canadian Pacific Kansas City (CP) has had its price objective boosted by Barclays from $90.00 to $96.00, according to a research report issued to clients and investors. This move suggests a potential upside of 8.87% from the company's current price. The company's shares have been downgraded from a "buy" rating to a "hold" rating by TD Securities and Susquehanna Bancshares. Stifel Nicolaus increased their price objective on shares of CP from $78.00 and gave the stock a "Hold" rating in a research note on January 31st. The firm currently has an average rating of “Hold” and a consensus target price of $93.63.
Published : a month ago by MarketBeat in Finance
Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP had its price objective boosted by equities researchers at Barclays from $90.00 to $96.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an "overweight" rating on the transportation company's stock. Barclays's price target suggests a potential upside of 8.87% from the company's current price.
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CP has been the topic of several other reports. TD Securities downgraded shares of Canadian Pacific Kansas City from a "buy" rating to a "hold" rating in a research report on Monday, January 8th. Susquehanna reduced their price objective on shares of Canadian Pacific Kansas City from $85.00 to $84.00 and set a "neutral" rating for the company in a research note on Thursday, March 28th. StockNews.com raised shares of Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a research note on Wednesday, January 31st. Susquehanna Bancshares cut shares of Canadian Pacific Kansas City from a "positive" rating to a "neutral" rating and reduced their price objective for the stock from $90.00 to $87.00 in a research note on Monday, January 8th. Finally, Stifel Nicolaus increased their price objective on shares of Canadian Pacific Kansas City from $78.00 to $80.00 and gave the stock a "hold" rating in a research note on Wednesday, January 31st. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $93.63.
Check Out Our Latest Report on CP
Canadian Pacific Kansas City stock traded up $0.65 during midday trading on Thursday, reaching $88.18. 82,864 shares of the company traded hands, compared to its average volume of 2,079,224. The firm has a market capitalization of $82.22 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 2.63 and a beta of 0.94. The business has a 50 day moving average of $86.13 and a two-hundred day moving average of $78.59. Canadian Pacific Kansas City has a 12 month low of $68.92 and a 12 month high of $91.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.46.
Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.04. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.71 billion. As a group, research analysts predict that Canadian Pacific Kansas City will post 3.22 earnings per share for the current year.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Carolinas Wealth Consulting LLC bought a new stake in Canadian Pacific Kansas City during the 2nd quarter valued at about $25,000. Stonebridge Capital Advisors LLC raised its holdings in shares of Canadian Pacific Kansas City by 750.0% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 340 shares of the transportation company's stock valued at $25,000 after purchasing an additional 300 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at about $29,000. Sands Capital Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at about $31,000. Finally, AdvisorNet Financial Inc raised its holdings in shares of Canadian Pacific Kansas City by 452.1% in the 3rd quarter. AdvisorNet Financial Inc now owns 519 shares of the transportation company's stock valued at $39,000 after purchasing an additional 425 shares in the last quarter. Institutional investors own 72.20% of the company's stock.
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.
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