Canadian Pacific Kansas City (TSE:CP) Given New C$119.00 Price Target at National Bankshares

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target cut by stock analysts at National Bankshares from C$124.00 to C$119.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 19.26% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Sanford C. Bernstein dropped their price target on Canadian Pacific Kansas City from C$121.00 to C$114.00 in a research report on Tuesday, November 11th. CIBC boosted their target price on shares of Canadian Pacific Kansas City from C$122.00 to C$123.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Desjardins increased their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$133.00 and gave the stock a “buy” rating in a report on Friday, December 12th. JPMorgan Chase & Co. decreased their price target on shares of Canadian Pacific Kansas City from C$137.00 to C$124.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Finally, Royal Bank Of Canada increased their price objective on shares of Canadian Pacific Kansas City from C$129.00 to C$137.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$120.23.

Canadian Pacific Kansas City Stock Up 2.2%

Shares of CP traded up C$2.11 during trading on Thursday, reaching C$99.78. The company’s stock had a trading volume of 831,128 shares, compared to its average volume of 1,564,764. The company has a fifty day moving average of C$100.83 and a two-hundred day moving average of C$103.96. Canadian Pacific Kansas City has a twelve month low of C$94.60 and a twelve month high of C$118.80. The company has a market cap of C$89.88 billion, a price-to-earnings ratio of 21.69, a P/E/G ratio of 2.32 and a beta of 0.88. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings results on Wednesday, October 29th. The company reported C$1.10 earnings per share for the quarter. The business had revenue of C$3.66 billion during the quarter. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.22%. On average, sell-side analysts predict that Canadian Pacific Kansas City will post 4.3438583 EPS for the current fiscal year.

Canadian Pacific Kansas City Company Profile

Canadian Pacific is a CAD 8 billion Class-1 railroads operating on more than 12,500 miles of track across most of Canada and into parts of the Midwestern and Northeastern United States. It is the second-smallest Class I railroad by revenue and route miles. In 2021, CP hauled shipments of grain (22% of freight revenue), intermodal containers (22%), energy products (like crude and frac sand), chemicals, and plastics (20%) coal (8%), fertilizer and potash (10%), automotive products (5%), and a diverse mix of other merchandise.