Canadian Pacific Kansas City (NYSE:CP) Cut to “Sell” at StockNews.com

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Other equities research analysts also recently issued research reports about the company. Susquehanna upgraded Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and lowered their price target for the company from $94.00 to $92.00 in a research report on Thursday, October 24th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Sanford C. Bernstein lowered their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a report on Wednesday, October 9th. Stephens lowered their price objective on shares of Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Finally, Barclays increased their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus target price of $93.25.

Canadian Pacific Kansas City Trading Down 0.3 %

Shares of Canadian Pacific Kansas City stock opened at $73.14 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The stock has a market capitalization of $68.27 billion, a P/E ratio of 26.12, a P/E/G ratio of 2.26 and a beta of 0.96. Canadian Pacific Kansas City has a 52-week low of $70.89 and a 52-week high of $91.58. The stock’s 50-day simple moving average is $75.98 and its 200 day simple moving average is $79.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter last year, the firm posted $0.69 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, research analysts anticipate that Canadian Pacific Kansas City will post 3.05 EPS for the current year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Large investors have recently added to or reduced their stakes in the company. Grove Bank & Trust lifted its holdings in shares of Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after purchasing an additional 130 shares during the period. Addison Advisors LLC grew its position in shares of Canadian Pacific Kansas City by 246.9% in the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 279 shares during the period. FSA Wealth Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth about $34,000. Chris Bulman Inc purchased a new position in Canadian Pacific Kansas City in the 2nd quarter valued at about $35,000. Finally, Asset Dedication LLC acquired a new position in shares of Canadian Pacific Kansas City during the third quarter valued at approximately $38,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Company Profile

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.