Canadian Imperial Bank of Commerce Forecasts Strong Price Appreciation for Canadian Pacific Kansas City (NYSE:CP) Stock

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its target price boosted by analysts at Canadian Imperial Bank of Commerce from C$140.00 to C$143.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “outperformer” rating on the transportation company’s stock.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Susquehanna reissued a “positive” rating and issued a $104.00 price target on shares of Canadian Pacific Kansas City in a research report on Friday, June 5th. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Evercore set a $91.00 price target on shares of Canadian Pacific Kansas City in a research note on Thursday. Finally, Sanford C. Bernstein upped their price objective on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $104.30.

Canadian Pacific Kansas City Stock Up 3.0%

Shares of CP stock traded up $2.55 on Thursday, reaching $87.33. 2,005,725 shares of the company were exchanged, compared to its average volume of 2,823,903. 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 has a 50-day moving average of $86.51 and a 200-day moving average of $81.04. The company has a market cap of $77.29 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 1.83 and a beta of 1.09. Canadian Pacific Kansas City has a one year low of $68.42 and a one year high of $91.52.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the firm earned $1.06 earnings per share. The business’s quarterly revenue was down 2.5% on a year-over-year basis. Analysts anticipate that Canadian Pacific Kansas City will post 3.76 earnings per share for the current year.

Institutional Trading of Canadian Pacific Kansas City

Several institutional investors and hedge funds have recently made changes to their positions in the company. Intech Investment Management LLC grew its position in Canadian Pacific Kansas City by 16.0% in the 1st quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock worth $1,493,000 after purchasing an additional 2,940 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the 1st quarter worth approximately $35,000. Sivia Capital Partners LLC bought a new position in shares of Canadian Pacific Kansas City in the second quarter valued at approximately $206,000. Prudential Financial Inc. grew its holdings in shares of Canadian Pacific Kansas City by 8.7% in the second quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock valued at $411,000 after acquiring an additional 415 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Canadian Pacific Kansas City by 39.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company’s stock valued at $104,000 after acquiring an additional 369 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.