Canadian Pacific Kansas City (NYSE:CP) Given New $94.00 Price Target at Susquehanna

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP had its target price lifted by equities research analysts at Susquehanna from $90.00 to $94.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a "positive" rating on the transportation company's stock. Susquehanna's target price indicates a potential upside of 18.60% from the company's current price.

CP has been the topic of several other research reports. Barclays cut their price target on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Evercore ISI reduced their target price on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Citigroup lowered their target price on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Wall Street Zen downgraded Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Finally, Royal Bank Of Canada dropped their price objective on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $90.95.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock traded down $0.57 during mid-day trading on Tuesday, reaching $79.26. 3,896,267 shares of the stock were exchanged, compared to its average volume of 2,787,812. Canadian Pacific Kansas City has a fifty-two week low of $66.49 and a fifty-two week high of $87.72. The company has a market cap of $73.03 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 2.17 and a beta of 1.10. The firm has a 50-day simple moving average of $77.97 and a 200 day simple moving average of $75.99. The company has a current ratio of 0.81, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43.

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

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several hedge funds have recently bought and sold shares of CP. Vanguard Group Inc. raised its stake in Canadian Pacific Kansas City by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 37,142,988 shares of the transportation company's stock worth $2,606,624,000 after purchasing an additional 364,515 shares in the last quarter. TD Asset Management Inc raised its position in shares of Canadian Pacific Kansas City by 0.5% in the first quarter. TD Asset Management Inc now owns 20,865,404 shares of the transportation company's stock valued at $1,464,094,000 after buying an additional 104,077 shares in the last quarter. Causeway Capital Management LLC boosted its stake in shares of Canadian Pacific Kansas City by 11.5% in the first quarter. Causeway Capital Management LLC now owns 17,208,788 shares of the transportation company's stock valued at $1,207,605,000 after buying an additional 1,778,984 shares during the period. Invesco Ltd. grew its position in Canadian Pacific Kansas City by 59.5% during the first quarter. Invesco Ltd. now owns 16,984,351 shares of the transportation company's stock worth $1,192,471,000 after buying an additional 6,337,312 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in Canadian Pacific Kansas City by 6.5% in the 1st quarter. Mackenzie Financial Corp now owns 16,347,804 shares of the transportation company's stock valued at $1,147,220,000 after acquiring an additional 999,522 shares in the last quarter. 72.20% of the stock is currently 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.