Canadian Pacific Kansas City (NYSE:CP) Stock Rating Lowered by Wall Street Zen

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

Other equities analysts also recently issued research reports about the stock. Evercore ISI dropped their price objective on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. The Goldman Sachs Group reissued a "neutral" rating and issued a $91.00 price objective on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, May 1st. Susquehanna upped their price target on shares of Canadian Pacific Kansas City from $88.00 to $90.00 and gave the company a "positive" rating in a research report on Thursday, May 1st. Finally, Barclays decreased their price target on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Two 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 stock has an average rating of "Moderate Buy" and a consensus price target of $90.66.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $80.39 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $74.80 billion, a P/E ratio of 27.72, a P/E/G ratio of 2.00 and a beta of 1.10. Canadian Pacific Kansas City has a 12-month low of $66.49 and a 12-month high of $87.72. The firm has a 50-day moving average price of $76.98 and a two-hundred day moving average price of $75.81.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, hitting analysts' consensus estimates of $0.74. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the firm posted $0.93 EPS. The firm's quarterly revenue was up 8.0% on a year-over-year basis. Analysts anticipate that Canadian Pacific Kansas City will post 3.42 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CP. Vontobel Holding Ltd. grew its holdings in shares of Canadian Pacific Kansas City by 6.6% during the fourth quarter. Vontobel Holding Ltd. now owns 5,572 shares of the transportation company's stock valued at $403,000 after buying an additional 345 shares during the last quarter. V Square Quantitative Management LLC lifted its position in shares of Canadian Pacific Kansas City by 28.9% during the fourth quarter. V Square Quantitative Management LLC now owns 9,004 shares of the transportation company's stock valued at $652,000 after purchasing an additional 2,021 shares in the last quarter. Accretive Wealth Partners LLC lifted its position in shares of Canadian Pacific Kansas City by 3.5% during the fourth quarter. Accretive Wealth Partners LLC now owns 10,061 shares of the transportation company's stock valued at $728,000 after purchasing an additional 344 shares in the last quarter. Roxbury Financial LLC bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $89,000. Finally, Principal Securities Inc. raised its position in Canadian Pacific Kansas City by 8.5% in the fourth quarter. Principal Securities Inc. now owns 7,764 shares of the transportation company's stock worth $562,000 after acquiring an additional 610 shares during the period. 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.

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