Canadian Pacific Kansas City (NYSE:CP) Stock Gets Downgrade from Zacks Research

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

A number of other equities analysts have also recently commented on the company. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 16th. Stephens raised Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 8th. Wells Fargo & Company upped their price target on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, September 24th. Finally, Citizens Jmp began coverage on Canadian Pacific Kansas City in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $111.83.

Canadian Pacific Kansas City Trading Up 1.4%

CP opened at $91.12 on Monday. The firm’s 50 day simple moving average is $89.06 and its two-hundred day simple moving average is $85.64. The company has a market capitalization of $79.73 billion, a PE ratio of 29.30 and a beta of 1.13. Canadian Pacific Kansas City has a 1-year low of $68.42 and a 1-year high of $96.90.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.89 billion. The company’s revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.12 EPS. Equities analysts forecast that Canadian Pacific Kansas City will post 3.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Victory Financial Group LLC purchased a new stake in Canadian Pacific Kansas City in the 3rd quarter worth $1,033,000. Generali Asset Management SPA SGR raised its holdings in Canadian Pacific Kansas City by 6.0% during the third quarter. Generali Asset Management SPA SGR now owns 43,425 shares of the transportation company’s stock valued at $3,695,000 after acquiring an additional 2,469 shares during the period. Balance Wealth Partners LLC purchased a new position in shares of Canadian Pacific Kansas City in the third quarter valued at about $39,000. Independence Bank of Kentucky lifted its position in shares of Canadian Pacific Kansas City by 8.7% in the third quarter. Independence Bank of Kentucky now owns 7,423 shares of the transportation company’s stock valued at $632,000 after acquiring an additional 594 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of Canadian Pacific Kansas City by 0.3% in the third quarter. Oppenheimer & Co. Inc. now owns 158,866 shares of the transportation company’s stock worth $13,519,000 after acquiring an additional 434 shares during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited (NYSE: CP) is a North American transportation company that operates Canadian Pacific Kansas City (CPKC), a Class I freight railway. The company was created in 2023 through the combination of Canadian Pacific and Kansas City Southern, forming the first single-line railroad connecting Canada, the United States and Mexico.

CPKC transports a broad range of freight, including grain and fertilizers, coal, forest products, automotive goods, energy and chemicals, industrial and consumer products, and intermodal shipments.