Citigroup Issues Positive Forecast for Canadian Pacific Kansas City (NYSE:CP) Stock Price

Key Points

• Citigroup raised its price target on Canadian Pacific Kansas City from $86 to $93 and maintained a "buy" rating, implying roughly a 16.6% upside from the prior close.
• Analyst consensus is a "Moderate Buy" with 10 Buy and 5 Hold ratings and an average price target of $92.45, reflecting broad but mixed bullishness among brokerages.
• Fundamentals show CPKC missed quarterly EPS ($0.95 vs. $0.99 estimate) while reporting $2.85B in revenue; the stock traded around $79.74 with a market cap near $71.6B and a 12‑month range of $66.49–$89.42.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP had its target price upped by Citigroup from $86.00 to $93.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has a "buy" rating on the transportation company's stock. Citigroup's price target would suggest a potential upside of 16.63% from the stock's previous close.

Several other brokerages have also recently issued reports on CP. Barclays dropped their target price on Canadian Pacific Kansas City from $93.00 to $91.00 and set an "overweight" rating for the company in a report on Friday, March 27th. Scotiabank restated an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Wednesday, January 21st. Sanford C. Bernstein upped their price target on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a "market perform" rating in a research note on Tuesday, March 31st. Wall Street Zen lowered Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Tuesday, March 3rd. Finally, Morgan Stanley raised Canadian Pacific Kansas City from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 8th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $92.45.

Canadian Pacific Kansas City Price Performance

Shares of CP traded up $0.24 during trading hours on Tuesday, hitting $79.74. 791,583 shares of the stock were exchanged, compared to its average volume of 2,803,372. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.49. Canadian Pacific Kansas City has a 12-month low of $66.49 and a 12-month high of $89.42. The company has a market cap of $71.55 billion, a price-to-earnings ratio of 24.69, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07. The stock's 50-day moving average price is $81.32 and its two-hundred day moving average price is $76.18.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.04). The firm had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The firm's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.29 earnings per share. Research analysts expect that Canadian Pacific Kansas City will post 3.42 earnings per share for the current year.

Institutional Trading of Canadian Pacific Kansas City

Institutional investors and hedge funds have recently bought and sold shares of the business. Prosperity Bancshares Inc purchased a new stake in Canadian Pacific Kansas City during the fourth quarter worth about $26,000. Caldwell Trust Co purchased a new stake in Canadian Pacific Kansas City during the third quarter worth about $30,000. Gilpin Wealth Management LLC purchased a new stake in Canadian Pacific Kansas City during the fourth quarter worth about $29,000. McMillan Office Inc. purchased a new stake in Canadian Pacific Kansas City during the fourth quarter worth about $31,000. Finally, Wealth Watch Advisors INC purchased a new stake in Canadian Pacific Kansas City during the third quarter worth about $36,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.