Canadian Pacific Kansas City (NYSE:CP) Issues Quarterly Earnings Results

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) announced its quarterly earnings data on Wednesday. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.26, Zacks reports. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $78.66 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The stock has a market cap of $73.44 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 2.01 and a beta of 0.96. The business’s fifty day moving average is $75.15 and its 200 day moving average is $79.05. Canadian Pacific Kansas City has a twelve month low of $70.89 and a twelve month high of $91.58.

Analyst Ratings Changes

Several research firms recently issued reports on CP. Barclays reduced their price target on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Susquehanna decreased their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Citigroup dropped their price target on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Wells Fargo & Company decreased their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, Sanford C. Bernstein dropped their target price 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $92.63.

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.