Canadian Pacific Kansas City (NYSE:CP) Given New $105.00 Price Target at Susquehanna

Key Points

• Susquehanna raised Canadian Pacific Kansas City’s price target from $98 to $105 while maintaining a positive rating, implying 14.84% upside from the prior close.
• Analyst sentiment remains favorable overall, with MarketBeat reporting a “Moderate Buy” consensus and an average price target of $112.58, despite some recent downgrades and target reductions.
• CPKC’s latest quarter showed revenue rising 15.2% year over year to $2.96 billion, but earnings of $0.91 per share missed estimates by $0.03; institutional investors own 72.2% of the stock.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP had its price objective lifted by equities research analysts at Susquehanna from $98.00 to $105.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a "positive" rating on the transportation company's stock. Susquehanna's price objective would indicate a potential upside of 14.84% from the company's previous close.

Other research analysts also recently issued reports about the stock. Stephens reduced their price target on shares of Canadian Pacific Kansas City from $96.00 to $93.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 29th. Zacks Research lowered shares of Canadian Pacific Kansas City from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 26th. Barclays set a $104.00 target price on shares of Canadian Pacific Kansas City and gave the stock an "overweight" rating in a report on Thursday. Royal Bank Of Canada reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 24th. Finally, Weiss Ratings downgraded Canadian Pacific Kansas City from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $112.58.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $91.43 on Tuesday. Canadian Pacific Kansas City has a twelve month low of $68.42 and a twelve month high of $96.90. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $80.01 billion, a price-to-earnings ratio of 29.31, a price-to-earnings-growth ratio of 1.89 and a beta of 1.13. The business has a 50 day simple moving average of $88.65 and a 200-day simple moving average of $86.01.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings data on Wednesday, October 28th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.03). The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.96 billion. Canadian Pacific Kansas City had a return on equity of 9.22% and a net margin of 24.14%. The business's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.10 earnings per share. As a group, equities research analysts expect that Canadian Pacific Kansas City will post 3.67 earnings per share for the current year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several institutional investors have recently modified their holdings of CP. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Canadian Pacific Kansas City during the 2nd quarter valued at about $802,983,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at approximately $657,672,000. Legal & General Group Plc acquired a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at approximately $604,797,000. Jupiter Topco LLC acquired a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at approximately $576,687,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Canadian Pacific Kansas City during the second quarter valued at approximately $542,469,000. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Company Profile

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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