Canadian Pacific Kansas City (NYSE:CP) Given New $106.00 Price Target at Susquehanna

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its target price lifted by stock analysts at Susquehanna from $104.00 to $106.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “positive” rating on the transportation company’s stock. Susquehanna’s price target would indicate a potential upside of 15.99% from the company’s previous close.

A number of other equities research analysts have also weighed in on CP. Canadian Imperial Bank of Commerce boosted their target price on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a research note on Thursday, June 25th. Sanford C. Bernstein boosted their price target on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a “market perform” rating in a research note on Tuesday, March 31st. ATB Cormark Capital Markets cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, April 17th. Scotiabank lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Finally, Wells Fargo & Company lifted their price target on shares of 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. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $104.91.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $91.39 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.57 and a current ratio of 0.67. The company has a market capitalization of $80.88 billion, a price-to-earnings ratio of 28.21, a price-to-earnings-growth ratio of 1.78 and a beta of 1.10. Canadian Pacific Kansas City has a one year low of $68.42 and a one year high of $91.56. The company’s 50-day moving average is $87.69 and its 200 day moving average is $82.33.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly 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 firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate 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 period last year, the business earned $1.06 EPS. Sell-side analysts expect that Canadian Pacific Kansas City will post 3.71 EPS for the current fiscal year.

Institutional Trading of Canadian Pacific Kansas City

Several hedge funds have recently bought and sold shares of the stock. Prosperity Bancshares Inc bought a new position in Canadian Pacific Kansas City during the fourth quarter valued at approximately $26,000. Gilpin Wealth Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $29,000. McMillan Office Inc. bought a new stake in Canadian Pacific Kansas City during the fourth quarter worth approximately $31,000. Acadian Asset Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the 1st quarter worth approximately $35,000. Finally, Wealth Watch Advisors INC purchased a new stake in Canadian Pacific Kansas City during the 3rd quarter valued at $36,000. 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.