Canadian Pacific Kansas City (NYSE:CP) Now Covered by Citizens Jmp

Stock analysts at Citizens Jmp started coverage on shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) in a research note issued to investors on Wednesday. The brokerage set a “market perform” rating on the transportation company’s stock.

CP has been the subject of a number of other research reports. Argus set a $105.00 price target on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 16th. National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Barclays set a $102.00 price target on Canadian Pacific Kansas City and gave the company an “overweight” rating in a research report on Thursday, June 25th. Wells Fargo & Company increased their price objective on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Finally, Stephens upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average target price of $104.91.

Canadian Pacific Kansas City Trading Up 0.1%

Shares of Canadian Pacific Kansas City stock opened at $91.47 on Wednesday. Canadian Pacific Kansas City has a 52-week low of $68.42 and a 52-week high of $92.16. The firm has a market capitalization of $80.95 billion, a PE ratio of 28.23, a price-to-earnings-growth ratio of 1.81 and a beta of 1.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57. The company’s fifty day moving average price is $87.85 and its two-hundred day moving average price is $82.45.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.70 billion. Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. Canadian Pacific Kansas City’s revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.06 earnings per share. On average, analysts expect that Canadian Pacific Kansas City will post 3.71 EPS for the current year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Large investors have recently bought and sold shares of the business. Rothschild & Co Wealth Management UK Ltd grew its stake in Canadian Pacific Kansas City by 0.9% in the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,353,188 shares of the transportation company’s stock valued at $394,156,000 after acquiring an additional 48,258 shares during the period. Cardinal Capital Management Inc. raised its position in shares of Canadian Pacific Kansas City by 3.7% during the fourth quarter. Cardinal Capital Management Inc. now owns 1,549,556 shares of the transportation company’s stock worth $114,094,000 after purchasing an additional 55,423 shares during the period. Mirabella Financial Services LLP lifted its holdings in shares of Canadian Pacific Kansas City by 364.7% during the 3rd quarter. Mirabella Financial Services LLP now owns 19,946 shares of the transportation company’s stock valued at $1,483,000 after purchasing an additional 15,654 shares in the last quarter. Rathbones Group PLC lifted its holdings in shares of Canadian Pacific Kansas City by 5.9% during the 4th quarter. Rathbones Group PLC now owns 1,729,339 shares of the transportation company’s stock valued at $127,342,000 after purchasing an additional 95,727 shares in the last quarter. Finally, HighTower Advisors LLC grew its position in shares of Canadian Pacific Kansas City by 6.2% in the 4th quarter. HighTower Advisors LLC now owns 630,624 shares of the transportation company’s stock valued at $46,434,000 after purchasing an additional 37,044 shares during the period. 72.20% of the stock is currently owned by institutional investors.

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.