Canadian Pacific Kansas City (NYSE:CP) Issues Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) announced its quarterly earnings data on Wednesday. The transportation company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.05), Zacks reports. Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%.

Canadian Pacific Kansas City Trading Down 1.3%

Shares of NYSE:CP traded down $0.95 during mid-day trading on Wednesday, reaching $71.80. 2,457,550 shares of the company were exchanged, compared to its average volume of 2,297,845. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. The firm’s 50-day simple moving average is $72.85 and its 200 day simple moving average is $74.27. Canadian Pacific Kansas City has a 1 year low of $66.49 and a 1 year high of $83.65. The firm has a market cap of $64.45 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 1.60 and a beta of 1.10.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Susquehanna set a $87.00 price target on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Natl Bk Canada downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Royal Bank Of Canada dropped their target price on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Morgan Stanley raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $92.36.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Intech Investment Management LLC grew its stake in shares of Canadian Pacific Kansas City by 16.0% in the first quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock worth $1,493,000 after acquiring an additional 2,940 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Canadian Pacific Kansas City in the first quarter valued at $35,000. Sivia Capital Partners LLC purchased a new stake in Canadian Pacific Kansas City during the 2nd quarter worth about $206,000. Prudential Financial Inc. raised its position in Canadian Pacific Kansas City by 8.7% in the 2nd quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock valued at $411,000 after purchasing an additional 415 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Canadian Pacific Kansas City by 39.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company’s stock valued at $104,000 after buying an additional 369 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.