Canadian Pacific Kansas City (TSE:CP) Reaches New 52-Week High – Should You Buy?

Shares of Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) reached a new 52-week high on Wednesday . The company traded as high as C$118.50 and last traded at C$116.94, with a volume of 599314 shares changing hands. The stock had previously closed at C$118.22.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CP. Royal Bank Of Canada lowered their price objective on shares of 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. Sanford C. Bernstein reduced their price objective on Canadian Pacific Kansas City from C$121.00 to C$114.00 in a research note on Tuesday, November 11th. JPMorgan Chase & Co. lowered their target price on Canadian Pacific Kansas City from C$137.00 to C$124.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Canadian Imperial Bank of Commerce raised their price objective on Canadian Pacific Kansas City from C$122.00 to C$123.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Finally, Scotiabank boosted their price objective on Canadian Pacific Kansas City from C$119.00 to C$124.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus target price of C$119.57.

Canadian Pacific Kansas City Stock Performance

The stock has a market cap of C$105.35 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 2.32 and a beta of 0.88. The stock has a fifty day moving average of C$104.55 and a 200-day moving average of C$103.64. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64.

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

Insider Buying and Selling

In related news, insider John Kenneth Brooks sold 14,845 shares of the firm’s stock in a transaction that occurred 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 Canadian Pacific Kansas City 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 transaction of C$423,217.25. 0.03% of the stock is currently owned by company insiders.

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.