Royal Bank of Canada 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 Royal Bank of Canada from C$122.00 to C$121.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 16.87% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on CP. ATB Capital reduced their price target on shares of Canadian Pacific Kansas City from C$128.00 to C$124.00 and set an “outperform” rating for the company in a research report on Thursday. National Bankshares decreased their target price on Canadian Pacific Kansas City from C$123.00 to C$118.00 and set a “sector perform” rating for the company in a research report on Thursday, April 3rd. Raymond James dropped their price target on Canadian Pacific Kansas City from C$130.00 to C$115.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. Wolfe Research upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Finally, Barclays lowered their target price on shares of Canadian Pacific Kansas City from C$130.00 to C$125.00 in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$119.62.

Canadian Pacific Kansas City Stock Up 2.9 %

CP stock opened at C$103.53 on Thursday. The stock has a market cap of C$96.77 billion, a P/E ratio of 27.33, a PEG ratio of 2.32 and a beta of 0.79. The company has a current ratio of 0.53, a quick ratio of 0.42 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 company’s 50 day moving average is C$103.72 and its two-hundred day moving average 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.