Canadian Pacific Kansas City (TSE:CP) Hits New 1-Year High – Should You Buy?

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) shares hit a new 52-week high on Thursday . The stock traded as high as C$115.67 and last traded at C$115.44, with a volume of 252058 shares changing hands. The stock had previously closed at C$114.73.

Analyst Ratings Changes

Several equities analysts have recently commented on CP shares. National Bank Financial downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Sanford C. Bernstein dropped their price objective on Canadian Pacific Kansas City from C$121.00 to C$114.00 in a report on Tuesday, November 11th. Royal Bank Of Canada reduced 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 research note on Thursday, January 29th. TD Securities dropped their price target on Canadian Pacific Kansas City from C$116.00 to C$112.00 and set a “hold” rating for the company in a research note on Thursday, January 29th. Finally, Scotiabank boosted 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. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average price target of C$118.62.

Canadian Pacific Kansas City Trading Up 0.9%

The company has a debt-to-equity ratio of 49.64, a quick ratio of 0.42 and a current ratio of 0.53. The firm has a market cap of C$103.93 billion, a P/E ratio of 25.67, a price-to-earnings-growth ratio of 2.32 and a beta of 0.88. The stock has a fifty day simple moving average of C$103.42 and a 200 day simple moving average of C$103.26.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its earnings results on Wednesday, January 28th. The company reported C$1.33 earnings per share for the quarter. The business had revenue of C$3.92 billion during the quarter. Canadian Pacific Kansas City had a return on equity of 8.22% and a net margin of 24.50%. On average, research analysts expect that Canadian Pacific Kansas City Limited will post 4.3438583 earnings per share for the current fiscal year.

Insider Activity at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, insider John Kenneth Brooks sold 14,845 shares of the business’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of C$103.53, for a total transaction of C$1,536,902.85. Also, insider Cassandra P. Quach sold 4,135 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was 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.

About Canadian Pacific Kansas City

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.