Scotiabank Has Lowered Expectations for Canadian Pacific Kansas City (TSE:CP) Stock Price

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target decreased by research analysts at Scotiabank from C$118.00 to C$117.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price points to a potential upside of 13.01% from the company’s current price.

A number of other research analysts also recently issued reports on CP. Sanford C. Bernstein reduced their price target on shares of Canadian Pacific Kansas City from C$123.00 to C$122.00 in a research report on Friday, February 21st. Desjardins raised their target price on shares of Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Loop Capital lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “strong sell” rating in a report on Monday, February 3rd. Barclays cut their price target on Canadian Pacific Kansas City from C$130.00 to C$125.00 in a report on Wednesday, April 2nd. Finally, Wolfe Research upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$119.62.

Canadian Pacific Kansas City Stock Performance

CP stock opened at C$103.53 on Thursday. The firm 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 stock’s 50 day simple moving average is C$103.72 and its 200 day simple moving average is C$106.83. 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 12-month low of C$94.60 and a 12-month high of C$119.20.

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.