National Bank Financial Boosts Canadian Pacific Kansas City (TSE:CP) Price Target to C$132.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price hoisted by equities researchers at National Bank Financial from C$125.00 to C$132.00 in a report released on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 6.51% from the stock’s previous close.

Several other equities analysts have also recently commented on the stock. ATB Cormark Capital Markets upped their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$130.00 and gave the company a “moderate buy” rating in a research note on Friday, April 17th. Raymond James Financial boosted their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$125.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Scotiabank increased their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$122.00 and gave the company a “hold” rating in a research note on Thursday, April 9th. Desjardins lifted their target price on Canadian Pacific Kansas City from C$129.00 to C$131.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. upped their price target on Canadian Pacific Kansas City from C$120.00 to C$133.00 in a report on Thursday, April 30th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$125.86.

Canadian Pacific Kansas City Stock Performance

CP stock traded up C$0.24 during mid-day trading on Friday, reaching C$123.93. 519,795 shares of the stock traded hands, compared to its average volume of 1,480,230. The firm has a market capitalization of C$110.02 billion, a PE ratio of 27.66, a P/E/G ratio of 2.32 and a beta of 1.29. The business has a 50-day moving average of C$119.78 and a two-hundred day moving average of C$111.75. Canadian Pacific Kansas City has a 52 week low of C$96.50 and a 52 week high of C$127.50. 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 (TSE:CP) (NYSE:CP) last released its earnings results on Wednesday, April 29th. The company reported C$1.04 earnings per share (EPS) for the quarter. The firm had revenue of C$3.70 billion for the quarter. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 27.03%. As a group, equities analysts predict that Canadian Pacific Kansas City will post 4.3438583 EPS for the current fiscal year.

Insider Activity at Canadian Pacific Kansas City

In other news, insider Maeghan Dawn Albiston sold 5,690 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of C$125.00, for a total value of C$711,250.00. Also, Director Katharine Berghuis Stevenson bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were 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 directly owned 3,000 shares in the company, valued at C$355,110. This represents a 50.00% increase in their ownership of the stock. In the last 90 days, insiders sold 99,515 shares of company stock valued at $12,279,066. 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.