Canadian Pacific Kansas City (NYSE:CP) Price Target Cut to $88.00 by Analysts at Susquehanna

Key Points

• Analysts at Susquehanna have lowered their price target for Canadian Pacific Kansas City from $91.00 to $88.00, maintaining a "positive" rating which suggests a potential upside of 17.81% from the current stock price.
• Despite the downgrade, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" with an average price target of $91.88, supported by various analysts having differing ratings ranging from "Strong Buy" to "Sell".
• The company recently reported earnings of $0.81 per share, falling short of analysts' estimates, while also showing a year-over-year revenue increase of 2.7%.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP had its price target reduced by equities researchers at Susquehanna from $91.00 to $88.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "positive" rating on the transportation company's stock. Susquehanna's price objective indicates a potential upside of 17.81% from the company's current price.

CP has been the subject of a number of other reports. National Bankshares reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, September 18th. Wall Street Zen downgraded Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. National Bank Financial upgraded Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. The Goldman Sachs Group restated a "neutral" rating and set a $91.00 price objective on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. Finally, Barclays raised their price objective on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.88.

Canadian Pacific Kansas City Trading Up 0.9%

Shares of CP stock traded up $0.64 on Thursday, reaching $74.70. 598,805 shares of the company's stock were exchanged, compared to its average volume of 3,143,730. Canadian Pacific Kansas City has a 52 week low of $66.49 and a 52 week high of $86.56. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $67.74 billion, a PE ratio of 23.29, a P/E/G ratio of 2.08 and a beta of 1.06. The company's fifty day simple moving average is $75.56 and its 200 day simple moving average is $76.31.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the prior year, the business posted $1.05 earnings per share. Canadian Pacific Kansas City's revenue was up 2.7% on a year-over-year basis. As a group, analysts forecast that Canadian Pacific Kansas City will post 3.42 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CP. North Capital Inc. purchased a new position in Canadian Pacific Kansas City during the 1st quarter worth $27,000. Twin Peaks Wealth Advisors LLC purchased a new position in Canadian Pacific Kansas City during the 2nd quarter worth $27,000. Cornerstone Planning Group LLC grew its stake 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 buying an additional 256 shares during the last quarter. Cheviot Value Management LLC purchased a new position in Canadian Pacific Kansas City during the 1st quarter worth $30,000. Finally, Hexagon Capital Partners LLC grew its stake in Canadian Pacific Kansas City by 49.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company's stock worth $35,000 after buying an additional 164 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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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