Canadian Pacific Kansas City (TSE:CP) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective upped by equities research analysts at JPMorgan Chase & Co. from C$135.00 to C$153.00 in a research note issued on Thursday,BayStreet.CA reports. JPMorgan Chase & Co.‘s target price points to a potential upside of 25.05% from the company’s previous close.

Several other research firms have also weighed in on CP. Citizens Jmp raised Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 15th. Barclays increased their price target on shares of Canadian Pacific Kansas City from C$135.00 to C$145.00 in a research report on Friday, June 26th. Royal Bank Of Canada boosted their price objective on shares of Canadian Pacific Kansas City from C$127.00 to C$139.00 and gave the company an “outperform” rating in a research report on Wednesday, June 24th. BMO Capital Markets lifted their target price on shares of Canadian Pacific Kansas City from C$132.00 to C$142.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Finally, Desjardins upped their price target on shares of Canadian Pacific Kansas City from C$131.00 to C$141.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average target price of C$134.36.

Canadian Pacific Kansas City Trading Down 4.7%

Shares of TSE:CP traded down C$6.01 during midday trading 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 fifty day simple moving average of C$125.23 and a two-hundred day simple moving average of C$116.08. The firm has a market cap of C$108.61 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 2.32 and a beta of 1.28. Canadian Pacific Kansas City has a 1-year low of C$96.50 and a 1-year high of C$131.89. 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 announced its earnings results on Wednesday, July 29th. The company reported C$1.27 EPS for the quarter. Canadian Pacific Kansas City had a net margin of 27.03% and a return on equity of 8.78%. The company had revenue of C$4.16 billion during the quarter. Research analysts predict that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current year.

Insider Buying and Selling at Canadian Pacific Kansas City

In related news, insider James Dominic Luther Clements sold 21,035 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of C$125.68, for a total value of C$2,643,678.80. Also, Director Katharine Berghuis Stevenson bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of C$118.37 per share, for a total transaction of C$118,370.00. Following the acquisition, the director directly owned 3,000 shares in the company, valued at approximately C$355,110. This trade represents a 50.00% increase in their ownership of the stock. Insiders have sold a total of 99,515 shares of company stock worth $12,279,066 in the last 90 days. Company 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.