Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$143.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target raised by investment analysts at ATB Cormark Capital Markets from C$137.00 to C$143.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price suggests a potential upside of 16.88% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Stephens upgraded Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. Desjardins boosted their price objective on Canadian Pacific Kansas City from C$131.00 to C$141.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Raymond James Financial increased their price objective on Canadian Pacific Kansas City from C$140.00 to C$144.00 and gave the company an “outperform” rating in a report on Thursday. Royal Bank Of Canada raised their target price on shares of Canadian Pacific Kansas City from C$139.00 to C$145.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Barclays lifted their target price on shares of Canadian Pacific Kansas City from C$135.00 to C$145.00 in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average target price of C$134.36.

Canadian Pacific Kansas City Stock Performance

CP traded down C$6.01 on Thursday, reaching C$122.35. The company had a trading volume of 770,872 shares, compared to its average volume of 1,449,028. The company has a quick ratio of 0.42, a current ratio of 0.67 and a debt-to-equity ratio of 52.35. Canadian Pacific Kansas City has a 1 year low of C$96.50 and a 1 year high of C$131.89. The stock has a market capitalization of C$108.61 billion, a PE ratio of 27.31, a P/E/G ratio of 2.32 and a beta of 1.28. The stock has a 50-day moving average price of C$125.23 and a 200-day moving average price of C$116.08.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C$1.27 earnings per share (EPS) for the quarter. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 27.03%.The company had revenue of C$4.16 billion for the quarter. As a group, research analysts forecast that Canadian Pacific Kansas City will post 4.3438583 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Cassandra P. Quach sold 4,015 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of C$124.82, for a total transaction of C$501,152.30. Also, Director Katharine Berghuis Stevenson acquired 1,000 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of C$118.37 per share, with a total value of C$118,370.00. Following the transaction, the director owned 3,000 shares of the company’s stock, valued at C$355,110. This trade represents a 50.00% increase in their ownership of the stock. Over the last quarter, insiders have sold 99,515 shares of company stock valued at $12,279,066. Corporate insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Company Profile

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.