Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$132.00 at BMO Capital Markets

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price lifted by BMO Capital Markets from C$126.00 to C$132.00 in a research note released on Thursday morning,BayStreet.CA reports.

Several other equities research analysts have also commented on the company. Royal Bank Of Canada cut 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 report on Thursday, January 29th. TD Securities cut their price target on Canadian Pacific Kansas City from C$116.00 to C$112.00 and set a “hold” rating on the stock in a report on Thursday, January 29th. Scotiabank lifted 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 note on Wednesday, January 21st. Canadian Imperial Bank of Commerce boosted their target price on shares of Canadian Pacific Kansas City from C$122.00 to C$123.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Finally, Citigroup cut their target price on shares of Canadian Pacific Kansas City from C$88.00 to C$86.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$119.57.

Canadian Pacific Kansas City Trading Up 1.1%

CP opened at C$116.00 on Thursday. Canadian Pacific Kansas City has a twelve month low of C$94.60 and a twelve month high of C$116.08. The company has a fifty day moving average of C$103.67 and a 200-day moving average of C$103.35. The stock has a market cap of C$104.13 billion, a PE ratio of 25.72, 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 (EPS) for the quarter. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.22%. The business had revenue of C$3.92 billion for the quarter. On average, sell-side analysts predict that Canadian Pacific Kansas City will post 4.3438583 EPS for the current year.

Insiders Place Their Bets

In other news, insider Cassandra P. Quach sold 4,135 shares of the firm’s stock in a transaction 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. Also, Director Marc Parent bought 13,000 shares of the stock in a transaction dated Friday, January 30th. The shares were acquired at an average price of C$102.00 per share, for a total transaction of C$1,326,000.00. Following the completion of the purchase, the director directly owned 13,933 shares in the company, valued at approximately C$1,421,166. This trade represents a 1,393.35% increase in their ownership of the stock. Insiders own 0.03% of the company’s stock.

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.