Canadian Pacific Kansas City (TSE:CP) Given New C$146.00 Price Target at Royal Bank Of Canada

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target lifted by Royal Bank Of Canada from C$145.00 to C$146.00 in a research note issued to investors on Thursday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 17.70% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Barclays increased their price objective on shares of Canadian Pacific Kansas City from C$135.00 to C$145.00 in a research note on Friday, June 26th. BMO Capital Markets upped their price target on shares of Canadian Pacific Kansas City from C$142.00 to C$145.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Scotiabank increased their price target on shares of Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 16th. Raymond James Financial raised their price objective on shares of Canadian Pacific Kansas City from C$140.00 to C$144.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Finally, Citizens Jmp raised Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 15th. One equities 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$134.43.

Canadian Pacific Kansas City Price Performance

CP stock traded down C$0.46 during midday trading on Thursday, hitting C$124.04. 415,284 shares of the stock were exchanged, compared to its average volume of 1,411,778. The stock’s 50-day moving average price is C$127.42 and its 200-day moving average price is C$121.28. The company has a debt-to-equity ratio of 53.93, a quick ratio of 0.42 and a current ratio of 0.59. The stock has a market cap of C$109.04 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 2.32 and a beta of 1.30. Canadian Pacific Kansas City has a fifty-two week low of C$96.50 and a fifty-two week high of C$133.38.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its earnings results on Wednesday, July 29th. The company reported C$1.27 earnings per share for the quarter. Canadian Pacific Kansas City had a return on equity of 8.35% and a net margin of 25.04%.The company had revenue of C$4.16 billion for the quarter. Research analysts predict that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Pamela Lynne Arpin sold 1,385 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of C$132.92, for a total value of C$184,094.20. Following the sale, the insider directly owned 4,578 shares of the company’s stock, valued at approximately C$608,507.76. This trade represents a 23.23% 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 transaction of C$3,327,020.40. In the last ninety days, insiders have sold 78,015 shares of company stock valued at $10,505,115. Insiders own 0.03% of the company’s stock.

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.