UBS Group Forecasts Strong Price Appreciation for Canadian Pacific Kansas City (TSE:CP) Stock

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target hoisted by investment analysts at UBS Group from C$113.00 to C$116.00 in a research note issued on Thursday,BayStreet.CA reports. UBS Group’s target price would indicate a potential upside of 12.04% from the company’s current price.

Several other research analysts have also recently commented on the company. Desjardins raised their target price on Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Stephens upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Barclays dropped their price target on shares of Canadian Pacific Kansas City from C$130.00 to C$125.00 in a research report on Wednesday, April 2nd. Royal Bank of Canada decreased their price objective 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, 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average price target of C$119.62.

Canadian Pacific Kansas City Stock Up 2.9 %

Shares of CP stock opened at C$103.53 on Thursday. Canadian Pacific Kansas City has a 12 month low of C$94.60 and a 12 month high of C$119.20. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64. The firm has a market cap of C$96.77 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The stock has a 50 day moving average of C$103.72 and a 200-day moving average of C$106.83.

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.