Susquehanna Issues Pessimistic Forecast for Canadian Pacific Kansas City (NYSE:CP) Stock Price

Key Points

• Susquehanna cut Canadian Pacific Kansas City’s price target from $106 to $98 while maintaining a “positive” rating, implying approximately 16% upside from the prior close.
• Analyst sentiment remains favorable overall: the stock has a “Moderate Buy” consensus rating and an average price target of $107.80, with two Strong Buy, eleven Buy and three Hold ratings.
• CP opened at $84.50 and recently reported quarterly earnings of $0.92 per share on $2.93 billion in revenue, exceeding estimates; institutional investors own 72.2% of the company.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP had its price target decreased by analysts at Susquehanna from $106.00 to $98.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a "positive" rating on the transportation company's stock. Susquehanna's price target suggests a potential upside of 15.97% from the stock's previous close.

A number of other research analysts have also commented on the company. Zacks Research upgraded Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Weiss Ratings raised shares of Canadian Pacific Kansas City from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, September 8th. Canadian Imperial Bank of Commerce upped their target price on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an "outperformer" rating in a research note on Thursday, June 25th. Barclays set a $102.00 target price on shares of Canadian Pacific Kansas City and gave the company an "overweight" rating in a research note on Thursday, June 25th. Finally, Stephens upgraded shares of Canadian Pacific Kansas City to a "hold" rating in a research report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $107.80.

Canadian Pacific Kansas City Stock Down 0.7%

CP stock opened at $84.50 on Friday. The stock has a market capitalization of $73.94 billion, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13. The company has a 50-day moving average of $90.70 and a two-hundred day moving average of $87.44. Canadian Pacific Kansas City has a 52-week low of $68.42 and a 52-week high of $96.90. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50.

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

Institutional Trading of Canadian Pacific Kansas City

Institutional investors have recently bought and sold shares of the business. Invesco Ltd. boosted its stake in shares of Canadian Pacific Kansas City by 1.3% in the fourth quarter. Invesco Ltd. now owns 23,431,949 shares of the transportation company's stock valued at $1,725,294,000 after buying an additional 303,464 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Canadian Pacific Kansas City during the 2nd quarter worth $802,983,000. The Manufacturers Life Insurance Company acquired a new position in Canadian Pacific Kansas City in the 2nd quarter valued at $657,672,000. Legal & General Group Plc bought a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter valued at $604,797,000. Finally, Janus Henderson Group PLC lifted its position in shares of Canadian Pacific Kansas City by 9.8% during the 1st quarter. Janus Henderson Group PLC now owns 6,749,527 shares of the transportation company's stock valued at $530,551,000 after acquiring an additional 601,692 shares during the period. 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 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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