Canadian Pacific Kansas City (TSE:CP) Given New C$116.00 Price Target at TD Securities

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target cut by TD Securities from C$119.00 to C$116.00 in a research report released on Friday,BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the stock. ATB Capital increased their price objective on shares of Canadian Pacific Kansas City from C$124.00 to C$125.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 15th. Scotiabank cut their price target on shares of 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. CIBC lifted 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 report on Thursday, October 30th. Desjardins cut their target price on Canadian Pacific Kansas City from C$133.00 to C$130.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. Finally, 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 for the company in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$119.85.

Canadian Pacific Kansas City Stock Up 0.3%

Shares of CP opened at C$100.94 on Friday. The stock’s 50-day moving average price is C$100.86 and its two-hundred day moving average price is C$103.59. 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$90.93 billion, a PE ratio of 21.94, a PEG ratio of 2.32 and a beta of 0.88. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings data on Wednesday, October 29th. The company reported C$1.10 earnings per share (EPS) for the quarter. The company had revenue of C$3.66 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, analysts anticipate that Canadian Pacific Kansas City will post 4.3438583 EPS for the current year.

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.