Canadian Pacific Kansas City (TSE:CP) Stock Price Expected to Rise, ATB Cormack Analyst Says

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target boosted by analysts at ATB Cormack from C$143.00 to C$146.00 in a research report issued on Thursday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormack’s price objective indicates a potential upside of 18.80% from the stock’s current price.

Other analysts also recently issued reports about the company. BMO Capital Markets raised their target price on Canadian Pacific Kansas City from C$142.00 to C$145.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. National Bank Financial set a C$140.00 price target on Canadian Pacific Kansas City and gave the stock an “outperform” rating in a report on Wednesday, September 23rd. Barclays raised their price objective on shares of Canadian Pacific Kansas City from C$135.00 to C$145.00 in a report on Friday, June 26th. Royal Bank Of Canada upped their price target on Canadian Pacific Kansas City from C$145.00 to C$146.00 and gave the company an “outperform” rating in a report on Thursday, September 24th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Canadian Pacific Kansas City from C$135.00 to C$153.00 in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average target price of C$135.20.

Canadian Pacific Kansas City Price Performance

Shares of CP stock traded up C$0.20 during trading hours on Thursday, hitting C$122.90. 314,249 shares of the company’s stock were exchanged, compared to its average volume of 1,387,740. The company has a quick ratio of 0.42, a current ratio of 0.59 and a debt-to-equity ratio of 53.93. The firm has a market cap of C$108.04 billion, a P/E ratio of 28.58, a P/E/G ratio of 2.32 and a beta of 1.33. The firm has a 50 day moving average of C$125.45 and a two-hundred day moving average of C$122.42. Canadian Pacific Kansas City has a fifty-two week low of C$96.50 and a fifty-two week high of C$133.38.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its earnings results on Wednesday, July 29th. The company reported C$1.27 earnings per share (EPS) for the quarter. Canadian Pacific Kansas City had a return on equity of 8.35% and a net margin of 25.04%. The firm had revenue of C$4.16 billion for the quarter. Sell-side analysts forecast that Canadian Pacific Kansas City will post 4.34 EPS for the current year.

Insiders Place Their Bets

In other Canadian Pacific Kansas City news, insider Mark Ashley Redd sold 52,000 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of C$134.50, for a total transaction of C$6,994,000.00. Following the transaction, the insider directly owned 2,199 shares of the company’s stock, valued at approximately C$295,765.50. This trade represents a 95.94% decrease in their position. Also, insider Laird Joseph Pitz sold 24,630 shares of Canadian Pacific Kansas City stock in a transaction on Thursday, August 20th. The shares were sold at an average price of C$135.08, for a total transaction of C$3,327,020.40. In the last three months, insiders have sold 78,015 shares of company stock valued at $10,505,115. Insiders own 0.03% of the company’s stock.

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.