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

Key Points

• Canadian Pacific Kansas City's stock rating has been downgraded from "hold" to "sell" by Wall Street Zen.
• Despite the downgrade, other firms such as Scotiabank and National Bank Financial maintain a positive outlook, with ratings ranging from "outperform" to "strong-buy."
• The company reported earnings of $0.81 per share for the last quarter, missing expectations, and its stock has a current average target price of $92.30.

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

Several other research firms have also commented on CP. Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. National Bank Financial raised Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Stephens upped their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Susquehanna reaffirmed a "positive" rating and issued a $94.00 target price (up from $90.00) on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 24th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $91.00 target price on shares of Canadian Pacific Kansas City in a research report on Monday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $92.30.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $75.14 on Friday. The stock's 50 day moving average price is $76.51 and its 200 day moving average price is $76.41. The firm has a market capitalization of $68.14 billion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 2.12 and a beta of 1.06. 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 has a one year low of $66.49 and a one year high of $87.72.

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

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of institutional investors have recently made changes to their positions in CP. Norges Bank bought a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at approximately $1,012,065,000. JPMorgan Chase & Co. increased its holdings in shares of Canadian Pacific Kansas City by 87.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 16,000,064 shares of the transportation company's stock valued at $1,268,325,000 after acquiring an additional 7,454,810 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Canadian Pacific Kansas City by 59.5% in the 1st quarter. Invesco Ltd. now owns 16,984,351 shares of the transportation company's stock valued at $1,192,471,000 after acquiring an additional 6,337,312 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Canadian Pacific Kansas City by 281.0% in the 2nd quarter. Fisher Asset Management LLC now owns 5,431,316 shares of the transportation company's stock valued at $430,540,000 after acquiring an additional 4,005,942 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Canadian Pacific Kansas City by 70.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,299,753 shares of the transportation company's stock valued at $652,936,000 after acquiring an additional 3,842,866 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

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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