Canadian Pacific Kansas City (TSE:CP) Price Target Cut to C$119.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target decreased by analysts at National Bankshares from C$121.00 to C$119.00 in a report issued on Thursday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 6.60% from the company’s current price.

CP has been the subject of a number of other reports. Sanford C. Bernstein raised their price target on shares of Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the stock a “hold” rating in a report on Monday, April 15th. BMO Capital Markets increased their price objective on Canadian Pacific Kansas City from C$125.00 to C$133.00 in a report on Monday, April 8th. Raymond James lifted their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Stephens increased their price target on shares of Canadian Pacific Kansas City from C$78.00 to C$83.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. Finally, Desjardins raised their price target on Canadian Pacific Kansas City from C$118.00 to C$130.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$120.63.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at C$111.63 on Thursday. Canadian Pacific Kansas City has a one year low of C$94.45 and a one year high of C$123.37. The company has a market cap of C$104.10 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 2.32 and a beta of 0.75. The firm has a 50-day moving average of C$118.24 and a 200-day moving average of C$108.18. The company has a debt-to-equity ratio of 53.85, a current ratio of 0.53 and a quick ratio of 0.42.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its earnings results on Wednesday, April 24th. The company reported C$0.93 EPS for the quarter, missing the consensus estimate of C$0.95 by C($0.02). Canadian Pacific Kansas City had a return on equity of 9.65% and a net margin of 31.28%. The business had revenue of C$3.52 billion for the quarter, compared to the consensus estimate of C$3.52 billion. As a group, equities analysts forecast that Canadian Pacific Kansas City will post 4.3266423 earnings per share for the current year.

Insiders Place Their Bets

In related news, Senior Officer Nadeem Velani sold 1,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of C$123.30, for a total value of C$123,300.00. In other Canadian Pacific Kansas City news, Senior Officer Nadeem Velani sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of C$123.30, for a total value of C$123,300.00. Also, Senior Officer James Dominic Luther Clements sold 7,828 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of C$118.91, for a total transaction of C$930,859.57. Insiders have sold 97,758 shares of company stock valued at $10,774,715 in the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.