Canadian Pacific Kansas City (NYSE:CP) Stock Bumped Up to Strong-Buy by Zacks Research

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday, Zacks reports.

A number of other research firms also recently commented on CP. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 16th. Susquehanna boosted their target price on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a research report on Tuesday, July 14th. Weiss Ratings upgraded shares of Canadian Pacific Kansas City from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 8th. Stephens upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 8th. Finally, Evercore set a $99.00 target price on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus price target of $108.60.

Canadian Pacific Kansas City Price Performance

CP opened at $84.50 on Wednesday. The company has a fifty day moving average price of $90.70 and a two-hundred day moving average price of $87.44. The firm has a market capitalization of $73.94 billion, a PE ratio of 27.17, a P/E/G ratio of 1.69 and a beta of 1.13. Canadian Pacific Kansas City has a 52 week low of $68.42 and a 52 week high of $96.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the prior year, the business posted $1.12 EPS. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. As a group, analysts anticipate that Canadian Pacific Kansas City will post 3.89 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in Canadian Pacific Kansas City by 3.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,511 shares of the transportation company’s stock worth $304,000 after acquiring an additional 130 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of Canadian Pacific Kansas City by 4.0% during the second quarter. First Eagle Investment Management LLC now owns 3,516 shares of the transportation company’s stock valued at $305,000 after acquiring an additional 134 shares during the last quarter. Foster Group Inc. raised its stake in shares of Canadian Pacific Kansas City by 3.3% during the second quarter. Foster Group Inc. now owns 4,279 shares of the transportation company’s stock valued at $371,000 after acquiring an additional 137 shares during the last quarter. Modern Wealth Management LLC boosted its holdings in shares of Canadian Pacific Kansas City by 1.2% during the first quarter. Modern Wealth Management LLC now owns 12,170 shares of the transportation company’s stock worth $950,000 after purchasing an additional 142 shares during the period. Finally, Altshuler Shaham Ltd boosted its holdings in shares of Canadian Pacific Kansas City by 1.2% during the first quarter. Altshuler Shaham Ltd now owns 11,766 shares of the transportation company’s stock worth $926,000 after purchasing an additional 144 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited (NYSE:CP) is a North American transportation company that operates a single-line railway linking Canada, the United States and Mexico. Headquartered in Calgary, Alberta, the company provides freight transportation and supply-chain services for customers across its extensive rail network.

CPKC transports a diverse range of products, including grain and fertilizers, coal, forest and industrial products, energy-related materials, automotive shipments, merchandise and intermodal freight.