Canadian Pacific Kansas City (TSE:CP) Stock Price Target Cut by ATB Cormark Capital Markets

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective cut by analysts at ATB Cormark Capital Markets from C$146.00 to C$144.00 in a research note issued to investors on Thursday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets‘s target price points to a potential upside of 16.81% from the company’s previous close.

A number of other equities analysts have also recently commented on CP. Stephens raised Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. Scotia increased their price objective on Canadian Pacific Kansas City from C$143.00 to C$144.00 and gave the company an “outperform” rating in a research note on Thursday. Scotiabank raised their target price on shares of Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 16th. Royal Bank Of Canada lifted their target price on shares of Canadian Pacific Kansas City from C$145.00 to C$146.00 and gave the stock an “outperform” rating in a research note on Thursday, September 24th. Finally, ATB Cormack upped their price target on shares of Canadian Pacific Kansas City from C$143.00 to C$146.00 and gave the company an “outperform” rating in a report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$139.41.

Canadian Pacific Kansas City Trading Down 1.9%

Shares of CP stock traded down C$2.42 on Thursday, hitting C$123.28. 1,015,036 shares of the company’s stock traded hands, compared to its average volume of 1,374,610. The company has a debt-to-equity ratio of 53.93, a quick ratio of 0.42 and a current ratio of 0.59. Canadian Pacific Kansas City has a one year low of C$96.50 and a one year high of C$133.38. The company’s fifty day simple moving average is C$124.69 and its 200 day simple moving average is C$119.06. The stock has a market capitalization of C$108.37 billion, a price-to-earnings ratio of 28.67, a P/E/G ratio of 2.32 and a beta of 1.33.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its earnings results on Wednesday, October 28th. The company reported C$1.28 earnings per share for the quarter. The company had revenue of C$4.22 billion during the quarter. Canadian Pacific Kansas City had a return on equity of 8.35% and a net margin of 25.04%. Equities analysts forecast that Canadian Pacific Kansas City will post 4.34 EPS for the current year.

Insider Transactions at Canadian Pacific Kansas City

In other news, insider Mark Ashley Redd sold 52,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of C$134.50, for a total transaction of C$6,994,000.00. Following the transaction, the insider directly owned 2,199 shares of the company’s stock, valued at approximately C$295,765.50. The trade was a 95.94% decrease in their ownership of the stock. Also, insider Laird Joseph Pitz sold 24,630 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of C$135.08, for a total value of C$3,327,020.40. In the last three months, insiders have sold 78,015 shares of company stock worth $10,505,115. 0.03% of the stock is currently owned by insiders.

Trending Headlines about Canadian Pacific Kansas City

Here are the key news stories impacting Canadian Pacific Kansas City this week:

• Positive Sentiment: Analysts raised their valuation outlook. CIBC lifted its price target to C$150, while Stifel Nicolaus reiterated a “buy” rating and set the same target. These targets imply meaningful upside from recent trading levels and indicate confidence in CP’s long-term growth prospects. CIBC price target article
• Positive Sentiment: CP renewed its rail service agreement with Elk Valley Resources. The coal deal should provide additional volume and revenue visibility, while supporting the company’s diversified cross-border freight strategy. Elk Valley Resources agreement
• Positive Sentiment: Third-quarter revenue increased on higher freight volumes. CP reported C$4.22 billion in quarterly revenue and earnings of C$1.28 per share, showing continued demand for its rail services. CP third-quarter sales article
• Neutral Sentiment: Operating profitability was mixed. CP’s reported net margin was 25.04% and return on equity was 8.35%, but earnings were broadly flat as higher costs offset revenue gains. CP earnings and fuel costs article
• Negative Sentiment: Higher fuel expenses pressured quarterly earnings. The cost inflation limited the benefit of stronger volumes and revenue, raising concerns about near-term margin expansion. CP Q3 earnings and fuel costs

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.