Canadian Pacific Kansas City (NYSE:CP) Given New $89.00 Price Target at Evercore

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target decreased by Evercore from $90.00 to $89.00 in a report issued on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the transportation company’s stock. Evercore’s target price would indicate a potential upside of 8.99% from the company’s previous close.

Several other research analysts have also recently weighed in on CP. Bank of America decreased their target price on Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating for the company in a research note on Thursday. Jefferies Financial Group assumed coverage on Canadian Pacific Kansas City in a research note on Monday, April 8th. They set a “buy” rating and a $105.00 target price for the company. Susquehanna Bancshares cut Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and decreased their target price for the company from $90.00 to $87.00 in a research note on Monday, January 8th. Susquehanna decreased their target price on Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, TD Securities cut Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Twelve research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $96.42.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $81.66 on Thursday. The firm has a market capitalization of $76.16 billion, a price-to-earnings ratio of 26.17, a price-to-earnings-growth ratio of 2.12 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.46 and a current ratio of 0.49. Canadian Pacific Kansas City has a one year low of $68.92 and a one year high of $91.58. The stock’s fifty day moving average is $87.04 and its 200-day moving average is $79.80.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. Equities analysts anticipate that Canadian Pacific Kansas City will post 3.18 EPS for the current year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of institutional investors have recently bought and sold shares of CP. Norges Bank acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth about $979,890,000. TD Asset Management Inc boosted its position in Canadian Pacific Kansas City by 47.7% during the 4th quarter. TD Asset Management Inc now owns 21,170,926 shares of the transportation company’s stock worth $1,682,256,000 after acquiring an additional 6,835,271 shares during the period. Legal & General Group Plc acquired a new stake in Canadian Pacific Kansas City during the 3rd quarter worth about $481,016,000. Sustainable Growth Advisers LP boosted its position in Canadian Pacific Kansas City by 151.4% during the 3rd quarter. Sustainable Growth Advisers LP now owns 7,847,292 shares of the transportation company’s stock worth $583,917,000 after acquiring an additional 4,726,098 shares during the period. Finally, Causeway Capital Management LLC acquired a new stake in Canadian Pacific Kansas City during the 3rd quarter worth about $305,505,000. 72.20% of the stock is currently 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.