Canadian Pacific Kansas City (TSE:CP) Lowered to “Hold” Rating by Natl Bk Canada

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) was downgraded by research analysts at Natl Bk Canada from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

CP has been the subject of several other reports. Desjardins boosted their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$133.00 and gave the company a “buy” rating in a report on Friday, December 12th. Royal Bank Of Canada raised their target price on shares of Canadian Pacific Kansas City from C$129.00 to C$137.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. National Bankshares decreased their target price on shares of Canadian Pacific Kansas City from C$124.00 to C$119.00 and set a “sector perform” rating for the company in a research note on Thursday. CIBC increased their price target on Canadian Pacific Kansas City from C$122.00 to C$123.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Finally, Sanford C. Bernstein dropped their price target on Canadian Pacific Kansas City from C$121.00 to C$114.00 in a research note on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$120.23.

Canadian Pacific Kansas City Trading Down 0.5%

Shares of TSE:CP opened at C$99.56 on Thursday. The company has a debt-to-equity ratio of 49.64, a current ratio of 0.53 and a quick ratio of 0.42. Canadian Pacific Kansas City has a 1 year low of C$94.60 and a 1 year high of C$118.80. The company has a market cap of C$89.69 billion, a P/E ratio of 21.64, a PEG ratio of 2.32 and a beta of 0.88. The stock’s fifty day moving average price is C$100.77 and its 200-day moving average price is C$103.86.

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