JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Canadian Pacific Kansas City (TSE:CP) Stock

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price raised by analysts at JPMorgan Chase & Co. from C$120.00 to C$133.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. JPMorgan Chase & Co.‘s price target points to a potential upside of 12.89% from the stock’s current price.

A number of other research firms also recently weighed in on CP. Raymond James Financial lifted their price target on shares of Canadian Pacific Kansas City from C$120.00 to C$125.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada boosted their price target on Canadian Pacific Kansas City from C$124.00 to C$128.00 in a research note on Thursday, March 26th. Desjardins dropped their price target on Canadian Pacific Kansas City from C$130.00 to C$129.00 and set a “buy” rating for the company in a research note on Tuesday, March 31st. TD boosted their price target on Canadian Pacific Kansas City from C$112.00 to C$117.00 and gave the company a “hold” rating in a research note on Monday, April 13th. Finally, ATB Cormark Capital Markets boosted their price target on Canadian Pacific Kansas City from C$127.00 to C$130.00 and gave the company a “moderate buy” rating in a research note on Friday, April 17th. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$122.60.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock traded up C$2.51 on Thursday, hitting C$117.81. The company’s stock had a trading volume of 1,040,802 shares, compared to its average volume of 1,577,128. The company has a debt-to-equity ratio of 50.54, a quick ratio of 0.42 and a current ratio of 0.49. The stock’s 50 day moving average is C$113.20 and its 200-day moving average is C$106.39. Canadian Pacific Kansas City has a fifty-two week low of C$96.50 and a fifty-two week high of C$122.25. The company has a market capitalization of C$105.71 billion, a PE ratio of 26.12, a PEG ratio of 2.32 and a beta of 1.13.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings results on Wednesday, April 29th. The company reported C$1.04 earnings per share for the quarter. Canadian Pacific Kansas City had a net margin of 27.46% and a return on equity of 8.90%. The company had revenue of C$3.70 billion during the quarter. Equities research analysts expect that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.

Insider Activity

In other news, insider John Kenneth Brooks sold 14,845 shares of the company’s stock in a transaction that occurred on 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 acquired 13,000 shares of the stock in a transaction dated Friday, January 30th. The stock was purchased at an average cost of C$102.00 per share, with a total value of C$1,326,000.00. Following the purchase, the director directly owned 13,933 shares of the company’s stock, valued at C$1,421,166. This trade represents a 1,393.35% increase in their ownership of the stock. 0.03% of the stock is currently owned by insiders.

Canadian Pacific Kansas City Company Profile

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.