Jefferies Financial Group Lowers Canadian Pacific Kansas City (NYSE:CP) Price Target to $90.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its target price dropped by equities researchers at Jefferies Financial Group from $100.00 to $90.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 32.78% from the stock’s current price.

Several other brokerages also recently weighed in on CP. Stifel Nicolaus lowered their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, January 16th. Loop Capital lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. StockNews.com downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Susquehanna lowered their target price on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating on the stock in a report on Thursday, March 27th. Finally, Citigroup cut their price target on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a “buy” rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $93.55.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock traded up $0.63 during midday trading on Wednesday, hitting $67.78. 811,304 shares of the company’s stock were exchanged, compared to its average volume of 2,626,461. 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 cap of $63.29 billion, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. Canadian Pacific Kansas City has a 12-month low of $65.98 and a 12-month high of $89.26. The firm’s 50 day simple moving average is $75.01 and its 200 day simple moving average is $76.54.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. Equities research analysts predict that Canadian Pacific Kansas City will post 3.42 EPS for the current year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at $914,090,000. Causeway Capital Management LLC raised its position in Canadian Pacific Kansas City by 76.5% during the fourth quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company’s stock worth $1,116,632,000 after acquiring an additional 6,687,770 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Canadian Pacific Kansas City by 281.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company’s stock worth $252,912,000 after acquiring an additional 2,532,519 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Canadian Pacific Kansas City by 25.7% in the fourth quarter. Invesco Ltd. now owns 10,647,039 shares of the transportation company’s stock valued at $770,526,000 after purchasing an additional 2,177,604 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Canadian Pacific Kansas City by 11.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company’s stock valued at $899,805,000 after purchasing an additional 1,262,913 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

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.