Wells Fargo & Company Lowers Canadian Pacific Kansas City (NYSE:CP) Price Target to $90.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective reduced by stock analysts at Wells Fargo & Company from $92.00 to $90.00 in a note issued to investors on Tuesday, MarketBeat Ratings reports. The firm presently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 17.97% from the company’s current price.

CP has been the topic of several other reports. Bank of America reduced their price objective on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Barclays boosted their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Stephens raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $81.00 to $88.00 in a research report on Monday. Citigroup dropped their target price on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Finally, StockNews.com cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.56.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $76.29 on Tuesday. The firm has a 50 day simple moving average of $75.17 and a 200-day simple moving average of $79.38. The stock has a market cap of $71.21 billion, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City has a 1-year low of $70.89 and a 1-year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. On average, analysts expect that Canadian Pacific Kansas City will post 3.05 EPS for the current year.

Institutional Trading of Canadian Pacific Kansas City

Several hedge funds have recently added to or reduced their stakes in the company. Grove Bank & Trust increased its position in shares of Canadian Pacific Kansas City by 56.0% in the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 130 shares during the last quarter. Addison Advisors LLC increased its holdings in Canadian Pacific Kansas City by 246.9% in the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after buying an additional 279 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in Canadian Pacific Kansas City in the third quarter valued at $34,000. Asset Dedication LLC purchased a new stake in Canadian Pacific Kansas City during the 3rd quarter worth about $38,000. Finally, Kennebec Savings Bank acquired a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth about $42,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

About Canadian Pacific Kansas City

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.