Canadian Pacific Kansas City (NYSE:CP) Announces Earnings Results, Beats Expectations By $0.26 EPS

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) issued its quarterly earnings data on Wednesday. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.26, Zacks reports. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%.

Canadian Pacific Kansas City Trading Down 0.5 %

Shares of Canadian Pacific Kansas City stock traded down $0.40 during trading on Friday, hitting $79.42. 805,729 shares of the company were exchanged, compared to its average volume of 3,052,363. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The firm has a market capitalization of $74.14 billion, a P/E ratio of 27.44, a price-to-earnings-growth ratio of 2.04 and a beta of 0.96. The firm’s fifty day moving average price is $75.34 and its 200 day moving average price is $79.05. Canadian Pacific Kansas City has a 1-year low of $70.89 and a 1-year high of $91.58.

Analyst Ratings Changes

Several brokerages recently issued reports on CP. Stifel Nicolaus reduced their price target on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. Royal Bank of Canada upped their target price on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday. Bank of America lowered their price target on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Wells Fargo & Company reduced their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Finally, Wolfe Research raised Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $95.45.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.