Canadian Pacific Kansas City (NYSE:CP) Price Target Raised to $91.00

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP had its price target boosted by analysts at Barclays from $87.00 to $91.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the transportation company's stock. Barclays's price target points to a potential upside of 11.48% from the stock's previous close.

CP has been the subject of several other research reports. Wall Street Zen cut Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Stifel Nicolaus dropped their target price on Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Royal Bank Of Canada dropped their target price on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. The Goldman Sachs Group reissued a "neutral" rating and issued a $91.00 target price on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. Finally, Jefferies Financial Group dropped their target price on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $91.95.

Canadian Pacific Kansas City Trading Down 0.9%

Shares of NYSE:CP traded down $0.78 during midday trading on Thursday, reaching $81.63. 2,537,994 shares of the company's stock were exchanged, compared to its average volume of 2,820,707. The firm's 50 day simple moving average is $79.97 and its two-hundred day simple moving average is $76.60. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.81 and a quick ratio of 0.70. The stock has a market cap of $75.21 billion, a price-to-earnings ratio of 27.58, a P/E/G ratio of 2.28 and a beta of 1.07. Canadian Pacific Kansas City has a fifty-two week low of $66.49 and a fifty-two week high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.56 billion. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. Canadian Pacific Kansas City's revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 EPS. As a group, sell-side analysts forecast that Canadian Pacific Kansas City will post 3.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. North Capital Inc. acquired a new stake in Canadian Pacific Kansas City in the first quarter valued at $27,000. Cornerstone Planning Group LLC grew its stake in shares of Canadian Pacific Kansas City by 209.8% in the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock valued at $28,000 after buying an additional 256 shares in the last quarter. Cheviot Value Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at about $30,000. Bernard Wealth Management Corp. acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $31,000. Finally, Hexagon Capital Partners LLC grew its stake in shares of Canadian Pacific Kansas City by 49.5% in the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company's stock valued at $35,000 after buying an additional 164 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Company Profile

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.