Canadian Pacific Kansas City (TSE:CP) Sets New 12-Month High – Here’s What Happened

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$115.54 and last traded at C$113.94, with a volume of 1056843 shares traded. The stock had previously closed at C$113.80.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CP. Sanford C. Bernstein cut their price target on Canadian Pacific Kansas City from C$121.00 to C$114.00 in a report on Tuesday, November 11th. Citigroup reduced their target price on Canadian Pacific Kansas City from C$88.00 to C$86.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Canadian Imperial Bank of Commerce raised their price target 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. JPMorgan Chase & Co. dropped their price objective on shares of Canadian Pacific Kansas City from C$137.00 to C$124.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, Natl Bk Canada cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus target price of C$118.62.

Canadian Pacific Kansas City Stock Up 0.2%

The business’s 50 day simple moving average is C$102.70 and its 200 day simple moving average is C$103.02. The company has a market capitalization of C$102.43 billion, a PE ratio of 25.30, a price-to-earnings-growth 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 released 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 for the quarter. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.22%. As a group, analysts forecast that Canadian Pacific Kansas City Limited will post 4.3438583 EPS for the current year.

Insider Activity

In other news, insider Cassandra P. Quach sold 4,135 shares of the stock in a transaction 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 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.