Canadian Pacific Kansas City (NYSE:CP) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its target price lifted by research analysts at Wells Fargo & Company from $90.00 to $100.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 12.95% from the company’s current price.

Several other equities analysts have also recently weighed in on the stock. Argus set a $105.00 price objective on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 16th. ATB Cormark Capital Markets lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, April 17th. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Finally, Barclays set a $102.00 target price on Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.91.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $88.53 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57. The firm’s fifty day moving average price is $87.36 and its 200 day moving average price is $81.88. The company has a market capitalization of $78.35 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 1.72 and a beta of 1.10. Canadian Pacific Kansas City has a 12-month low of $68.42 and a 12-month high of $91.52.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.02). The company 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%.The business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.06 EPS. On average, research analysts forecast that Canadian Pacific Kansas City will post 3.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CP. Prosperity Bancshares Inc bought a new position in Canadian Pacific Kansas City in the fourth quarter worth $26,000. Gilpin Wealth Management LLC bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth about $29,000. McMillan Office Inc. acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $31,000. Acadian Asset Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 1st quarter valued at about $35,000. Finally, Wealth Watch Advisors INC bought a new stake in Canadian Pacific Kansas City in the third quarter valued at about $36,000. Institutional investors own 72.20% of the company’s stock.

About Canadian Pacific Kansas City

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.