Canadian Pacific Kansas City (NYSE:CP) Downgraded by Zacks Research to "Hold"

Key Points

• Zacks Research downgraded Canadian Pacific Kansas City to “Hold” from “Strong Buy,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $111.83.
• The stock opened at $91.12, up 1.4%, with a market capitalization of approximately $79.73 billion and a 52-week range of $68.42 to $96.90.
• CPKC exceeded quarterly expectations, reporting $0.92 in earnings per share versus the $0.89 consensus and $2.93 billion in revenue, up 12.6% year over year; institutional investors own 72.2% of its shares.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Monday, Zacks reports.

Other analysts have also issued research reports about the company. Wells Fargo & Company lifted their target price on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Wednesday, July 8th. Citigroup reaffirmed a "cautious" rating on shares of Canadian Pacific Kansas City in a report on Wednesday, October 7th. Stephens raised Canadian Pacific Kansas City to a "hold" rating in a report on Wednesday, July 8th. Scotiabank reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th. Finally, Citizens Jmp began coverage on Canadian Pacific Kansas City in a report on Wednesday, July 15th. They issued a "market perform" rating for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $111.83.

Canadian Pacific Kansas City Stock Up 1.4%

NYSE:CP opened at $91.12 on Monday. The stock has a market cap of $79.73 billion, a price-to-earnings ratio of 29.30 and a beta of 1.13. The company's 50 day moving average price is $89.06 and its 200-day moving average price is $85.64. Canadian Pacific Kansas City has a 52 week low of $68.42 and a 52 week high of $96.90.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.03. The firm had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.89 billion. Canadian Pacific Kansas City's revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.12 earnings per share. As a group, sell-side analysts anticipate that Canadian Pacific Kansas City will post 3.68 earnings per share for the current year.

Institutional Trading of Canadian Pacific Kansas City

Large investors have recently modified their holdings of the company. GAMMA Investing LLC increased its position in Canadian Pacific Kansas City by 3.8% during the second quarter. GAMMA Investing LLC now owns 3,511 shares of the transportation company's stock valued at $304,000 after acquiring an additional 130 shares during the last quarter. First Eagle Investment Management LLC boosted its position in Canadian Pacific Kansas City by 4.0% in the second quarter. First Eagle Investment Management LLC now owns 3,516 shares of the transportation company's stock worth $305,000 after purchasing an additional 134 shares during the last quarter. Foster Group Inc. boosted its position in Canadian Pacific Kansas City by 3.3% in the second quarter. Foster Group Inc. now owns 4,279 shares of the transportation company's stock worth $371,000 after purchasing an additional 137 shares during the last quarter. Modern Wealth Management LLC grew its stake in shares of Canadian Pacific Kansas City by 1.2% during the 1st quarter. Modern Wealth Management LLC now owns 12,170 shares of the transportation company's stock valued at $950,000 after purchasing an additional 142 shares during the period. Finally, Altshuler Shaham Ltd grew its stake in shares of Canadian Pacific Kansas City by 1.2% during the 1st quarter. Altshuler Shaham Ltd now owns 11,766 shares of the transportation company's stock valued at $926,000 after purchasing an additional 144 shares during the period. Institutional investors own 72.20% of the company's stock.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited NYSE: CP is a North American transportation company that operates Canadian Pacific Kansas City (CPKC), a Class I freight railway. The company was created in 2023 through the combination of Canadian Pacific and Kansas City Southern, forming the first single-line railroad connecting Canada, the United States and Mexico.

CPKC transports a broad range of freight, including grain and fertilizers, coal, forest products, automotive goods, energy and chemicals, industrial and consumer products, and intermodal shipments.

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