Canadian Pacific Kansas City (NYSE:CP – Free Report) (TSE:CP) had its price target trimmed by Susquehanna from $106.00 to $98.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has a positive rating on the transportation company’s stock.
Several other brokerages also recently issued reports on CP. Citigroup boosted their target price on shares of Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce raised their target price on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a research report on Thursday, June 25th. Evercore set a $99.00 price target on Canadian Pacific Kansas City in a report on Thursday, July 30th. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th. Finally, Weiss Ratings raised Canadian Pacific Kansas City from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $107.80.
Get Our Latest Report on Canadian Pacific Kansas City
Canadian Pacific Kansas City Stock Performance
Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the prior year, the firm earned $1.12 EPS. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. As a group, equities research analysts predict that Canadian Pacific Kansas City will post 3.7 EPS for the current year.
Canadian Pacific Kansas City Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be given a C$0.27 dividend. The ex-dividend date is Friday, September 25th. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio is presently 24.76%.
Institutional Investors Weigh In On Canadian Pacific Kansas City
Institutional investors have recently modified their holdings of the stock. Parrish Capital LLC grew its holdings in shares of Canadian Pacific Kansas City by 5.0% during the 3rd quarter. Parrish Capital LLC now owns 12,165 shares of the transportation company’s stock valued at $1,035,000 after acquiring an additional 581 shares in the last quarter. QRG Capital Management Inc. increased its stake in shares of Canadian Pacific Kansas City by 9.0% in the second quarter. QRG Capital Management Inc. now owns 10,353 shares of the transportation company’s stock worth $897,000 after acquiring an additional 855 shares during the last quarter. State Street Corp raised its holdings in shares of Canadian Pacific Kansas City by 14.5% during the second quarter. State Street Corp now owns 505,266 shares of the transportation company’s stock worth $43,873,000 after acquiring an additional 64,170 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in Canadian Pacific Kansas City by 24.0% during the second quarter. Integrated Wealth Concepts LLC now owns 17,773 shares of the transportation company’s stock valued at $1,540,000 after purchasing an additional 3,438 shares during the last quarter. Finally, RFG Advisory LLC boosted its position in Canadian Pacific Kansas City by 2.3% during the second quarter. RFG Advisory LLC now owns 7,499 shares of the transportation company’s stock valued at $650,000 after purchasing an additional 168 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.
Trending Headlines about Canadian Pacific Kansas City
Here are the key news stories impacting Canadian Pacific Kansas City this week:
- Positive Sentiment: Record grain volumes: CPKC transported 5.45 million metric tons of grain and grain products in September, setting new monthly and third-quarter records across Canada and the United States. The performance signals strong demand and effective execution in the bulk freight business. CPKC sets new September and quarterly grain records in Canada, U.S.
- Positive Sentiment: Labor agreement reached: CPKC reached a tentative five-year collective agreement with the Brotherhood of Locomotive Engineers and Trainmen. If ratified, the deal should reduce the near-term risk of strikes or service interruptions, supporting network reliability and customer confidence. Canadian Pacific Kansas City Reaches Tentative Five-Year Labor Deal With BLET
- Positive Sentiment: Analyst upgrade: Zacks Research upgraded Canadian Pacific Kansas City from “hold” to “strong-buy,” adding to the positive investor narrative around the railroad’s operating outlook.
- Positive Sentiment: Positive valuation view: Susquehanna lowered its price target from $106 to $98 but maintained a “positive” rating. The revised target still implies meaningful upside from the current share price, suggesting the analyst views the recent weakness as an opportunity rather than a change in the long-term thesis.
- Neutral Sentiment: A separate analysis examined CP’s performance against transportation peers, including Heartland Express, but the provided report does not identify a specific new catalyst or material change to CP’s outlook. CP stock and transportation peers analysis
Canadian Pacific Kansas City Company Profile
Canadian Pacific Kansas City Limited (NYSE:CP) is a North American transportation company that operates a single-line railway linking Canada, the United States and Mexico. Headquartered in Calgary, Alberta, the company provides freight transportation and supply-chain services for customers across its extensive rail network.
CPKC transports a diverse range of products, including grain and fertilizers, coal, forest and industrial products, energy-related materials, automotive shipments, merchandise and intermodal freight.
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