Canadian Pacific Kansas City (NYSE:CP) Earns "Hold (C+)" Rating from Weiss Ratings

Key Points

• Canadian Pacific Kansas City (NYSE:CP) received a "Hold (C+)" rating from Weiss Ratings, while other analysts have varied opinions, with one upgrade to "Strong Buy" and several "Buy" ratings.
• The company's stock price is currently at $77.68, down 0.1%, with an average price target of $91.80, indicating some potential for growth.
• Despite missing earnings expectations for the latest quarter with an EPS of $0.81, Canadian Pacific Kansas City reported a year-over-year revenue increase of 2.7% to $2.72 billion.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP's stock had its "hold (c+)" rating restated by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

CP has been the topic of a number of other research reports. National Bank Financial upgraded Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. National Bankshares reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, September 18th. Stephens upped their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Barclays set a $90.00 price target on Canadian Pacific Kansas City and gave the stock an "overweight" rating in a research note on Thursday, October 2nd. Finally, Susquehanna decreased their price target on Canadian Pacific Kansas City from $91.00 to $88.00 and set a "positive" rating for the company in a research note on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and an average price target of $91.80.

Canadian Pacific Kansas City Stock Down 0.1%

CP stock traded down $0.05 during midday trading on Wednesday, reaching $77.68. The company had a trading volume of 3,042,998 shares, compared to its average volume of 3,167,385. The company has a 50 day moving average of $75.22 and a two-hundred day moving average of $76.43. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. Canadian Pacific Kansas City has a 1 year low of $66.49 and a 1 year high of $83.65. The company has a market capitalization of $70.45 billion, a P/E ratio of 24.20, a PEG ratio of 2.17 and a beta of 1.08.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, July 30th. The transportation company reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The firm had revenue of $2.72 billion during the quarter, compared to analysts' expectations of $2.76 billion. During the same quarter last year, the firm earned $1.05 EPS. The business's revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts expect that Canadian Pacific Kansas City will post 3.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of hedge funds have recently modified their holdings of the stock. North Capital Inc. bought a new stake in Canadian Pacific Kansas City during the first quarter worth about $27,000. Twin Peaks Wealth Advisors LLC bought a new stake in Canadian Pacific Kansas City during the 2nd quarter worth approximately $27,000. Cornerstone Planning Group LLC grew its position in Canadian Pacific Kansas City by 209.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock worth $28,000 after acquiring an additional 256 shares during the last quarter. Cheviot Value Management LLC acquired a new stake in Canadian Pacific Kansas City during the 1st quarter valued at $30,000. Finally, Hexagon Capital Partners LLC raised its position in Canadian Pacific Kansas City by 49.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company's stock valued at $35,000 after purchasing an additional 164 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

About Canadian Pacific Kansas City

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.

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