Canadian Pacific Kansas City (TSE:CP) Given New C$124.00 Price Target at Royal Bank Of Canada

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price lowered by investment analysts at Royal Bank Of Canada from C$127.00 to C$124.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 21.38% from the company’s current price.

CP has been the subject of several other reports. CIBC raised 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. TD Securities reduced their price objective on shares of Canadian Pacific Kansas City from C$119.00 to C$116.00 in a research note on Friday, January 16th. JPMorgan Chase & Co. dropped their target price on shares of Canadian Pacific Kansas City from C$137.00 to C$124.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Natl Bk Canada lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Finally, Citigroup lowered their price objective on Canadian Pacific Kansas City from C$88.00 to C$86.00 and set a “buy” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus price target of C$118.62.

Canadian Pacific Kansas City Trading Up 5.0%

CP traded up C$4.88 during trading on Thursday, hitting C$102.16. 1,951,077 shares of the stock traded hands, compared to its average volume of 1,672,649. The firm has a 50-day moving average of C$100.85 and a 200 day moving average of C$102.90. Canadian Pacific Kansas City has a 12-month low of C$94.60 and a 12-month high of C$118.80. The firm has a market capitalization of C$92.03 billion, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 2.32 and a beta of 0.88. 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 (TSE:CP) (NYSE:CP) last posted its earnings results on Wednesday, January 28th. The company reported C$1.33 earnings per share (EPS) for the quarter. The company had revenue of C$3.92 billion for the quarter. Canadian Pacific Kansas City had a return on equity of 8.22% and a net margin of 24.50%. Equities research analysts anticipate that Canadian Pacific Kansas City will post 4.3438583 EPS for the current year.

Insiders Place Their Bets

In other news, insider Cassandra P. Quach sold 4,135 shares of the stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of C$102.35, for a total value of C$423,217.25. 0.03% of the stock is owned by corporate insiders.

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.