Canadian Pacific Kansas City (NYSE:CP) Posts Earnings Results, Misses Expectations By $0.05 EPS

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) posted its quarterly earnings data on Wednesday. The transportation company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.05), Zacks reports. Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%.

Canadian Pacific Kansas City Price Performance

NYSE CP traded down $0.95 on Wednesday, reaching $71.80. The company’s stock had a trading volume of 2,457,550 shares, compared to its average volume of 2,297,845. The stock has a market cap of $64.45 billion, a PE ratio of 21.89, a PEG ratio of 1.60 and a beta of 1.10. Canadian Pacific Kansas City has a twelve month low of $66.49 and a twelve month high of $83.65. The firm’s 50 day moving average is $72.85 and its two-hundred day moving average is $74.27. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several hedge funds have recently bought and sold shares of CP. Advisory Services Network LLC lifted its position in shares of Canadian Pacific Kansas City by 3.1% in the third quarter. Advisory Services Network LLC now owns 6,764 shares of the transportation company’s stock worth $504,000 after purchasing an additional 204 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Canadian Pacific Kansas City by 0.8% in the third quarter. NewEdge Advisors LLC now owns 27,039 shares of the transportation company’s stock worth $2,014,000 after buying an additional 212 shares during the last quarter. Hancock Whitney Corp increased its holdings in Canadian Pacific Kansas City by 1.0% in the third quarter. Hancock Whitney Corp now owns 27,703 shares of the transportation company’s stock worth $2,064,000 after buying an additional 285 shares during the last quarter. Rehmann Capital Advisory Group lifted its stake in Canadian Pacific Kansas City by 10.9% in the third quarter. Rehmann Capital Advisory Group now owns 3,012 shares of the transportation company’s stock valued at $224,000 after acquiring an additional 296 shares during the last quarter. Finally, Ewing Morris & Co. Investment Partners Ltd. increased its stake in shares of Canadian Pacific Kansas City by 6.2% during the 2nd quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 5,591 shares of the transportation company’s stock worth $444,000 after purchasing an additional 325 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CP has been the subject of a number of analyst reports. Jefferies Financial Group set a $90.00 price target on Canadian Pacific Kansas City in a report on Thursday, October 30th. Royal Bank Of Canada cut their target price on shares of Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Citigroup set a $88.00 price objective on shares of Canadian Pacific Kansas City and gave the company a “buy” rating in a research note on Thursday, January 8th. Susquehanna set a $87.00 price target on Canadian Pacific Kansas City in a report on Thursday, October 30th. Finally, Barclays set a $90.00 price target on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $92.36.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.