Royal Bank Of Canada Boosts Canadian Pacific Kansas City (TSE:CP) Price Target to C$128.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target hoisted by equities researchers at Royal Bank Of Canada from C$124.00 to C$128.00 in a research report issued on Thursday,BayStreet.CA reports. Royal Bank Of Canada’s price target indicates a potential upside of 16.50% from the stock’s previous close.

Other analysts have also issued research reports about the company. Citigroup decreased their price objective on Canadian Pacific Kansas City from C$88.00 to C$86.00 and set a “buy” rating for the company in a report on Thursday, January 29th. National Bank Financial cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. TD Securities dropped their price target on Canadian Pacific Kansas City from C$116.00 to C$112.00 and set a “hold” rating on the stock in a research note on Thursday, January 29th. Scotiabank increased their price objective on shares of Canadian Pacific Kansas City from C$119.00 to C$124.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Finally, Desjardins set a C$130.00 target price on shares of Canadian Pacific Kansas City and gave the stock a “buy” rating in a research note on Thursday, January 29th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average target price of C$119.86.

Canadian Pacific Kansas City Stock Down 0.7%

Shares of TSE:CP traded down C$0.72 during trading on Thursday, reaching C$109.87. The stock had a trading volume of 679,913 shares, compared to its average volume of 1,677,785. The firm’s 50-day simple moving average is C$109.84 and its 200 day simple moving average is C$105.06. The company has a current ratio of 0.49, a quick ratio of 0.42 and a debt-to-equity ratio of 50.54. Canadian Pacific Kansas City has a one year low of C$94.60 and a one year high of C$122.25. The company has a market capitalization of C$98.66 billion, a P/E ratio of 24.36, a PEG ratio of 2.32 and a beta of 1.14.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its earnings results on Wednesday, January 28th. The company reported C$1.33 EPS for the quarter. The company had revenue of C$3.92 billion during the quarter. Canadian Pacific Kansas City had a net margin of 27.46% and a return on equity of 8.90%. As a group, research analysts expect that Canadian Pacific Kansas City will post 4.3438583 EPS for the current fiscal year.

Insider Activity

In other news, insider John Kenneth Brooks sold 14,845 shares of the firm’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of C$103.53, for a total value of C$1,536,902.85. Also, Director Marc Parent bought 13,000 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were purchased at an average cost of C$102.00 per share, with a total value of C$1,326,000.00. Following the acquisition, the director directly owned 13,933 shares of the company’s stock, valued at approximately C$1,421,166. This trade represents a 1,393.35% increase in their ownership of the stock. Company insiders own 0.03% of the company’s stock.

About Canadian Pacific Kansas City

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.