Evercore ISI Has Lowered Expectations for Canadian Pacific Kansas City (NYSE:CP) Stock Price

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its target price dropped by stock analysts at Evercore ISI from $87.00 to $85.00 in a research report issued on Thursday, Marketbeat.com reports. The firm currently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s price target would indicate a potential upside of 14.30% from the company’s current price.

Other equities analysts have also issued reports about the stock. Natl Bk Canada lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Susquehanna set a $87.00 target price on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. Citigroup set a $88.00 target price on shares of Canadian Pacific Kansas City and gave the company a “buy” rating in a research report on Thursday, January 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $92.00.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $74.37 on Thursday. Canadian Pacific Kansas City has a 12 month low of $66.49 and a 12 month high of $83.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. The firm has a market capitalization of $66.75 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. The business’s fifty day moving average price is $73.13 and its 200 day moving average price is $74.22.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.88% and a net margin of 27.49%.The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period in the prior year, the company posted $0.99 earnings per share. On average, sell-side analysts anticipate that Canadian Pacific Kansas City will post 3.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several hedge funds have recently made changes to their positions in the business. Twin Peaks Wealth Advisors LLC purchased a new stake in Canadian Pacific Kansas City during the 2nd quarter valued at approximately $27,000. Caldwell Trust Co acquired a new position in shares of Canadian Pacific Kansas City in the third quarter valued at approximately $30,000. Acadian Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the first quarter worth approximately $35,000. Cornerstone Planning Group LLC lifted its holdings in shares of Canadian Pacific Kansas City by 205.5% during the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after purchasing an additional 335 shares during the period. Finally, Wealth Watch Advisors INC purchased a new position in Canadian Pacific Kansas City in the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

About Canadian Pacific Kansas City

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.