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

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective decreased by analysts at CIBC from C$124.00 to C$119.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s target price would indicate a potential upside of 14.94% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Sanford C. Bernstein dropped their price objective on Canadian Pacific Kansas City from C$123.00 to C$122.00 in a report on Friday, February 21st. Desjardins lifted their price objective on shares of Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Stephens raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Wolfe Research upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Finally, UBS Group upped their target price on Canadian Pacific Kansas City from C$113.00 to C$116.00 in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$119.62.

Canadian Pacific Kansas City Stock Performance

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

About Canadian Pacific Kansas City

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.