Canadian Pacific Kansas City (NYSE:CP) Price Target Lowered to $88.00 at Citigroup

Key Points

• Citigroup has lowered its price target for Canadian Pacific Kansas City from $90.00 to $88.00, while maintaining a "buy" rating, indicating a potential upside of 15.63% based on the stock's previous close.
• Additional market sentiment shows mixed opinions with one analyst rating the stock as a "Strong Buy", while another downgraded it to "sell"; the average rating is currently "Moderate Buy" with a price target of $91.38.
• Canadian Pacific Kansas City's recent earnings report revealed an EPS of $0.81, which missed estimates and reflected a 2.7% year-over-year revenue growth.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP had its price objective cut by Citigroup from $90.00 to $88.00 in a report released on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the transportation company's stock. Citigroup's price target would indicate a potential upside of 15.63% from the stock's previous close.

Several other equities analysts have also recently issued reports on CP. Wall Street Zen cut Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Saturday, September 13th. Stephens lifted their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. National Bank Financial upgraded Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Scotiabank restated an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 10th. Finally, National Bankshares restated an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and an average price target of $91.38.

Canadian Pacific Kansas City Price Performance

Shares of CP stock traded up $1.20 during mid-day trading on Monday, hitting $76.10. 533,359 shares of the stock traded hands, compared to its average volume of 3,160,079. Canadian Pacific Kansas City has a twelve month low of $66.49 and a twelve month high of $83.65. The firm has a market cap of $69.02 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 2.11 and a beta of 1.08. The company's 50-day simple moving average is $75.34 and its 200-day simple moving average is $76.53. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.93.

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 the consensus estimate 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 for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the business posted $1.05 earnings per share. The firm's revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities research analysts expect that Canadian Pacific Kansas City will post 3.42 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Foster Victor Wealth Advisors LLC grew its stake in Canadian Pacific Kansas City by 11.2% in the third quarter. Foster Victor Wealth Advisors LLC now owns 266,198 shares of the transportation company's stock valued at $20,654,000 after purchasing an additional 26,783 shares in the last quarter. Douglas Lane & Associates LLC grew its stake in Canadian Pacific Kansas City by 31.0% in the third quarter. Douglas Lane & Associates LLC now owns 159,871 shares of the transportation company's stock valued at $11,909,000 after purchasing an additional 37,791 shares in the last quarter. Flputnam Investment Management Co. grew its stake in Canadian Pacific Kansas City by 10.6% in the third quarter. Flputnam Investment Management Co. now owns 4,033 shares of the transportation company's stock valued at $300,000 after purchasing an additional 387 shares in the last quarter. Independence Bank of Kentucky grew its stake in Canadian Pacific Kansas City by 35.4% in the third quarter. Independence Bank of Kentucky now owns 14,069 shares of the transportation company's stock valued at $1,048,000 after purchasing an additional 3,675 shares in the last quarter. Finally, Shelton Wealth Management LLC grew its stake in Canadian Pacific Kansas City by 6.2% in the third quarter. Shelton Wealth Management LLC now owns 20,655 shares of the transportation company's stock valued at $1,539,000 after purchasing an additional 1,205 shares in the last quarter. Hedge funds and other institutional investors 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.

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