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

Key Points

• Canadian Pacific Kansas City was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating, indicating a positive shift in analyst sentiment.
• The company's recent earnings report showed an earnings per share of $0.81, missing analyst expectations of $0.82, with quarterly revenue of $2.72 billion, up 2.7% year-over-year.
• Institutional investors now own 72.20% of Canadian Pacific Kansas City's stock, highlighting significant interest and investment from larger financial entities.

Wall Street Zen upgraded shares of Canadian Pacific Kansas City (NYSE:CP - Free Report) TSE: CP from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

Several other research analysts also recently commented on the stock. Citigroup raised their price target on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. National Bank Financial raised shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Barclays raised their price target on shares of Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Scotiabank reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $91.00 price target on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of "Moderate Buy" and an average price target of $92.30.

Canadian Pacific Kansas City Trading Up 0.6%

Shares of Canadian Pacific Kansas City stock traded up $0.49 during trading on Friday, hitting $76.74. The stock had a trading volume of 2,201,042 shares, compared to its average volume of 3,229,507. The firm's fifty day simple moving average is $77.52 and its 200-day simple moving average is $76.57. The stock has a market cap of $70.11 billion, a PE ratio of 23.90, a PEG ratio of 2.05 and a beta of 1.06. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.93 and a quick ratio of 0.81. Canadian Pacific Kansas City has a 12 month low of $66.49 and a 12 month high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its 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). The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.Canadian Pacific Kansas City's revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 EPS. As a group, sell-side analysts expect that Canadian Pacific Kansas City will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be given a dividend of $0.1651 per share. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.66 dividend on an annualized basis and a yield of 0.9%. Canadian Pacific Kansas City's payout ratio is 20.56%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CP. North Capital Inc. bought a new stake in shares of Canadian Pacific Kansas City in the 1st quarter valued at about $27,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at about $27,000. Cornerstone Planning Group LLC boosted its holdings in shares of Canadian Pacific Kansas City by 209.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock valued at $28,000 after buying an additional 256 shares in the last quarter. Cheviot Value Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 1st quarter valued at about $30,000. Finally, Bernard Wealth Management Corp. bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $31,000. 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.