Canadian Pacific Kansas City (NYSE:CP) Upgraded to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Canadian Pacific Kansas City from “sell” to “hold” in a recent research report, adding to a mix of analyst views on the stock.
• Overall sentiment remains positive: among analysts tracked, the stock has a consensus rating of “Moderate Buy” with an average price target of $95.30.
• The company recently missed earnings expectations, reporting Q1 EPS of $0.76 versus $0.78 expected, while revenue of $2.66 billion also came in below estimates.

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

Other equities analysts have also recently issued research reports about the company. National Bank Financial upgraded Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 15th. Barclays set a $99.00 target price on Canadian Pacific Kansas City and gave the stock an "overweight" rating in a report on Thursday, April 30th. Sanford C. Bernstein increased their target price on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a "market perform" rating in a report on Tuesday, March 31st. ATB Cormark Capital Markets cut Canadian Pacific Kansas City from a "strong-buy" rating to a "moderate buy" rating in a report on Friday, April 17th. Finally, Citigroup raised their price objective on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a "buy" rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and an average price target of $95.30.

Canadian Pacific Kansas City Price Performance

CP stock opened at $86.02 on Friday. The stock has a 50-day moving average price of $82.44 and a two-hundred day moving average price of $77.32. The stock has a market cap of $76.36 billion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 1.83 and a beta of 1.09. The company has a current ratio of 0.67, a quick ratio of 0.41 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City has a 1 year low of $68.42 and a 1 year high of $89.42.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.02). The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.Canadian Pacific Kansas City's revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the company posted $1.06 EPS. Equities analysts forecast that Canadian Pacific Kansas City will post 3.75 EPS for the current fiscal year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Hedge funds and other institutional investors have recently made changes to their positions in the business. Prosperity Bancshares Inc bought a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $26,000. Gilpin Wealth Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth $29,000. Caldwell Trust Co acquired a new position in shares of Canadian Pacific Kansas City during the third quarter worth $30,000. McMillan Office Inc. acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth $31,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the first quarter worth $35,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC's core business is freight transportation and related logistics services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.