Brokerages Set Canadian Pacific Kansas City Limited (TSE:CP) Price Target at C$119.57

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) has received an average rating of “Moderate Buy” from the eleven ratings firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$119.57.

Several equities research analysts have weighed in on CP shares. Desjardins set a C$130.00 price target on Canadian Pacific Kansas City and gave the stock a “buy” rating in a research report on Thursday, January 29th. Royal Bank Of Canada dropped their target price on Canadian Pacific Kansas City from C$127.00 to C$124.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. JPMorgan Chase & Co. decreased their price target on 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. TD Securities lowered their price objective on Canadian Pacific Kansas City from C$116.00 to C$112.00 and set a “hold” rating on the stock in a research report on Thursday, January 29th. Finally, Sanford C. Bernstein dropped their price objective on shares of Canadian Pacific Kansas City from C$121.00 to C$114.00 in a research note on Tuesday, November 11th.

Insider Activity at Canadian Pacific Kansas City

In other news, Director Marc Parent acquired 13,000 shares of the business’s stock in a transaction on Friday, January 30th. The stock was bought at an average price of C$102.00 per share, with a total value of C$1,326,000.00. Following the completion of the acquisition, the director owned 13,933 shares of the company’s stock, valued at approximately C$1,421,166. This represents a 1,393.35% increase in their ownership of the stock. Also, insider Cassandra P. Quach sold 4,135 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of C$102.35, for a total transaction of C$423,217.25. 0.03% of the stock is owned by company insiders.

Canadian Pacific Kansas City Price Performance

Shares of TSE:CP opened at C$119.23 on Tuesday. Canadian Pacific Kansas City has a twelve month low of C$94.60 and a twelve month high of C$119.73. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64. The company has a market cap of C$107.03 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 2.32 and a beta of 0.88. The company’s 50 day moving average is C$105.21 and its 200 day moving average is C$103.84.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings data on Wednesday, January 28th. The company reported C$1.33 EPS for the quarter. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.22%. The business had revenue of C$3.92 billion for the quarter. On average, sell-side analysts forecast that Canadian Pacific Kansas City will post 4.3438583 EPS 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.