Desjardins Issues Positive Forecast for Canadian Pacific Kansas City (TSE:CP) Stock Price

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target hoisted by equities research analysts at Desjardins from C$131.00 to C$141.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 9.71% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. National Bank Financial boosted their target price on Canadian Pacific Kansas City from C$125.00 to C$132.00 and gave the stock an “outperform” rating in a research report on Friday, June 26th. Royal Bank Of Canada boosted their price target on shares of Canadian Pacific Kansas City from C$127.00 to C$139.00 and gave the company an “outperform” rating in a report on Wednesday, June 24th. Stephens upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of Canadian Pacific Kansas City from C$120.00 to C$133.00 in a research note on Thursday, April 30th. Finally, BMO Capital Markets upped their price target on shares of Canadian Pacific Kansas City from C$132.00 to C$142.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average target price of C$126.57.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock traded up C$1.78 during trading hours on Thursday, hitting C$128.52. 643,115 shares of the stock were exchanged, compared to its average volume of 1,473,367. The stock has a market capitalization of C$114.09 billion, a P/E ratio of 28.69, a P/E/G ratio of 2.32 and a beta of 1.28. Canadian Pacific Kansas City has a 12 month low of C$96.50 and a 12 month high of C$129.19. The business’s 50-day moving average is C$121.69 and its two-hundred day moving average is C$113.15. The company has a debt-to-equity ratio of 52.35, a quick ratio of 0.42 and a current ratio of 0.67.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$1.04 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 firm had revenue of C$3.70 billion during the quarter. Equities research analysts expect that Canadian Pacific Kansas City will post 4.3438583 EPS for the current fiscal year.

Insider Buying and Selling at Canadian Pacific Kansas City

In other news, insider Cassandra P. Quach sold 4,015 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was 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 acquired at an average cost of C$118.37 per share, for a total transaction of C$118,370.00. Following the completion of the purchase, the director directly owned 3,000 shares of the company’s stock, valued at C$355,110. This represents a 50.00% increase in their ownership of the stock. Over the last quarter, insiders sold 99,515 shares of company stock valued at $12,279,066. 0.03% of the stock is currently owned by insiders.

About Canadian Pacific Kansas City

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.