Canadian Pacific Kansas City (NYSE:CP) Given New $86.00 Price Target at Citigroup

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective reduced by research analysts at Citigroup from $88.00 to $86.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Citigroup’s target price would indicate a potential upside of 16.43% from the company’s current price.

A number of other research firms also recently issued reports on CP. Morgan Stanley upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Wall Street Zen lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Jefferies Financial Group set a $90.00 target price on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Natl Bk Canada lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Finally, Barclays set a $93.00 target price on shares of Canadian Pacific Kansas City in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $92.00.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP traded down $1.98 during midday trading on Friday, hitting $73.87. The company had a trading volume of 1,829,626 shares, compared to its average volume of 2,416,701. The firm has a market capitalization of $66.30 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 1.59 and a beta of 1.10. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City has a twelve month low of $66.49 and a twelve month high of $83.65. The business has a 50-day simple moving average of $73.04 and a two-hundred day simple moving average of $74.27.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.01). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.88%. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter last year, the business posted $0.99 earnings per share. Equities research analysts anticipate that Canadian Pacific Kansas City will post 3.42 earnings per share for the current year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Institutional investors and hedge funds have recently made changes to their positions in the company. Keybank National Association OH grew its position in shares of Canadian Pacific Kansas City by 2.8% during the 4th quarter. Keybank National Association OH now owns 39,749 shares of the transportation company’s stock worth $2,927,000 after buying an additional 1,074 shares during the period. Aprio Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $270,000. Coronation Fund Managers Ltd. boosted its position in Canadian Pacific Kansas City by 11.8% during the 4th quarter. Coronation Fund Managers Ltd. now owns 46,057 shares of the transportation company’s stock worth $3,391,000 after acquiring an additional 4,878 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in Canadian Pacific Kansas City by 53.2% during the 4th quarter. Concurrent Investment Advisors LLC now owns 11,096 shares of the transportation company’s stock valued at $817,000 after purchasing an additional 3,854 shares during the last quarter. Finally, NBC Securities Inc. raised its holdings in Canadian Pacific Kansas City by 35.4% in the 4th quarter. NBC Securities Inc. now owns 1,183 shares of the transportation company’s stock valued at $87,000 after acquiring an additional 309 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 (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.