ATB Capital Issues Pessimistic Forecast for Canadian Pacific Kansas City (TSE:CP) Stock Price

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target lowered by analysts at ATB Capital from C$128.00 to C$124.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Capital’s target price indicates a potential upside of 19.77% from the stock’s current price.

Several other research analysts also recently commented on CP. Stephens raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Loop Capital lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, February 3rd. Sanford C. Bernstein decreased their target price on Canadian Pacific Kansas City from C$123.00 to C$122.00 in a research note on Friday, February 21st. Royal Bank of Canada lowered their price target on Canadian Pacific Kansas City from C$128.00 to C$122.00 and set an “outperform” rating on the stock in a report on Monday, March 31st. Finally, Wolfe Research raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$119.62.

Canadian Pacific Kansas City Trading Up 2.9 %

Shares of CP opened at C$103.53 on Thursday. The business’s 50-day moving average price is C$103.72 and its 200-day moving average price is C$106.83. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64. Canadian Pacific Kansas City has a twelve month low of C$94.60 and a twelve month high of C$119.20. The stock has a market cap of C$96.77 billion, a PE ratio of 27.33, a P/E/G ratio of 2.32 and a beta of 0.79.

Canadian Pacific Kansas City Company Profile

Canadian Pacific is a CAD 8 billion Class-1 railroads operating on more than 12,500 miles of track across most of Canada and into parts of the Midwestern and Northeastern United States. It is the second-smallest Class I railroad by revenue and route miles. In 2021, CP hauled shipments of grain (22% of freight revenue), intermodal containers (22%), energy products (like crude and frac sand), chemicals, and plastics (20%) coal (8%), fertilizer and potash (10%), automotive products (5%), and a diverse mix of other merchandise.