Canadian Pacific Kansas City (NYSE:CP) Stock Rating Raised to Strong-Buy at Zacks Research

Key Points

• Zacks Research upgraded Canadian Pacific Kansas City to “strong buy” from “hold.” Overall analyst sentiment is “Moderate Buy,” with an average price target of $108.60.
• CPKC reported quarterly earnings of $0.92 per share, exceeding estimates of $0.89, while revenue rose 12.6% year over year to $2.93 billion.
• The stock opened at $84.50, below its $96.90 12-month high, and institutional investors own approximately 72.2% of the company.

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

Several other equities research analysts also recently commented on the stock. Evercore set a $99.00 target price on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Wall Street Zen raised shares of Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a report on Sunday, July 26th. Stephens upgraded shares of Canadian Pacific Kansas City to a "hold" rating in a research report on Wednesday, July 8th. Barclays set a $102.00 price objective on shares of Canadian Pacific Kansas City and gave the stock an "overweight" rating in a research note on Thursday, June 25th. Finally, Argus set a $105.00 price objective on shares of Canadian Pacific Kansas City in a report on Tuesday, June 16th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $108.60.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $84.50 on Wednesday. Canadian Pacific Kansas City has a 12-month low of $68.42 and a 12-month high of $96.90. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $73.94 billion, a PE ratio of 27.17, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13. The firm has a 50-day moving average price of $90.70 and a 200 day moving average price of $87.44.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the previous year, the business earned $1.12 earnings per share. The company's quarterly revenue was up 12.6% on a year-over-year basis. Research analysts anticipate that Canadian Pacific Kansas City will post 3.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Fiduciary Financial Advisors bought a new stake in shares of Canadian Pacific Kansas City during the second quarter worth $25,000. Jones Financial Companies Lllp bought a new position in Canadian Pacific Kansas City in the second quarter valued at about $44,000. Knuff & Co LLC bought a new position in Canadian Pacific Kansas City in the second quarter valued at about $50,000. Western Wealth Management LLC acquired a new stake in Canadian Pacific Kansas City in the first quarter worth about $50,000. Finally, Chilton Capital Management LLC increased its position in Canadian Pacific Kansas City by 192.3% in the second quarter. Chilton Capital Management LLC now owns 684 shares of the transportation company's stock worth $59,000 after purchasing an additional 450 shares during the period. Institutional investors and hedge funds 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 a single-line railway linking Canada, the United States and Mexico. Headquartered in Calgary, Alberta, the company provides freight transportation and supply-chain services for customers across its extensive rail network.

CPKC transports a diverse range of products, including grain and fertilizers, coal, forest and industrial products, energy-related materials, automotive shipments, merchandise and intermodal freight.

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