Canadian Pacific Kansas City (TSE:CP) Price Target Lowered to C$130.00 at Desjardins

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price cut by equities research analysts at Desjardins from C$133.00 to C$130.00 in a report issued on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 31.78% from the stock’s current price.

Several other brokerages have also recently weighed in on CP. Royal Bank Of Canada boosted their price target on shares of Canadian Pacific Kansas City from C$129.00 to C$137.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Sanford C. Bernstein dropped their price target on Canadian Pacific Kansas City from C$121.00 to C$114.00 in a research report on Tuesday, November 11th. Scotiabank decreased their price objective on Canadian Pacific Kansas City from C$122.00 to C$119.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Natl Bk Canada cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday. Finally, CIBC increased their price target on Canadian Pacific Kansas City from C$122.00 to C$123.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$120.00.

Canadian Pacific Kansas City Price Performance

CP stock traded down C$0.91 during mid-day trading on Monday, hitting C$98.65. The company had a trading volume of 614,031 shares, compared to its average volume of 1,784,393. The company has a 50-day moving average price of C$100.77 and a 200 day moving average price of C$103.81. Canadian Pacific Kansas City has a 12-month low of C$94.60 and a 12-month high of C$118.80. The company has a market capitalization of C$88.87 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 2.32 and a beta of 0.88. 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 issued its earnings results on Wednesday, October 29th. The company reported C$1.10 earnings per share (EPS) for the quarter. Canadian Pacific Kansas City had a return on equity of 8.22% and a net margin of 24.50%.The firm had revenue of C$3.66 billion for the quarter. On average, research analysts anticipate that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current year.

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.