Canadian Pacific Kansas City (NYSE:CP) PT Lowered to $89.00 at Evercore ISI

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its target price reduced by equities research analysts at Evercore ISI from $90.00 to $89.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s price objective indicates a potential upside of 8.99% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Bank of America increased their price target on Canadian Pacific Kansas City from $87.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, April 10th. TD Securities cut Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Barclays raised their target price on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Finally, Stifel Nicolaus raised their target price on Canadian Pacific Kansas City from $80.00 to $83.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Twelve investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $96.42.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $81.66 on Thursday. The business’s 50-day moving average is $87.04 and its two-hundred day moving average is $79.80. The company has a market capitalization of $76.16 billion, a P/E ratio of 26.17, a P/E/G ratio of 2.10 and a beta of 0.94. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City has a fifty-two week low of $68.92 and a fifty-two week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.01). The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.57% and a net margin of 28.27%. Research analysts predict that Canadian Pacific Kansas City will post 3.2 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Sands Capital Management LLC purchased a new position in Canadian Pacific Kansas City in the 3rd quarter worth approximately $31,000. Anchor Investment Management LLC purchased a new position in Canadian Pacific Kansas City in the 4th quarter worth approximately $40,000. Independence Bank of Kentucky purchased a new position in Canadian Pacific Kansas City in the 4th quarter worth approximately $43,000. McGlone Suttner Wealth Management Inc. purchased a new position in Canadian Pacific Kansas City in the 4th quarter worth approximately $45,000. Finally, Rational Advisors LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 1st quarter valued at approximately $52,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.