CIBC Boosts Canadian Pacific Kansas City (TSE:CP) Price Target to C$124.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective hoisted by research analysts at CIBC from C$119.00 to C$124.00 in a research report issued on Thursday,BayStreet.CA reports. CIBC’s price target would indicate a potential upside of 12.75% from the company’s current price.

A number of other research analysts also recently issued reports on CP. Scotiabank cut their price objective on Canadian Pacific Kansas City from C$118.00 to C$117.00 and set a “sector perform” rating for the company in a research note on Thursday, May 1st. National Bankshares dropped their price target 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 note on Thursday, April 3rd. Loop Capital downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, February 3rd. Royal Bank of Canada dropped their price target on Canadian Pacific Kansas City from C$122.00 to C$121.00 and set an “outperform” rating for the company in a research note on Thursday, May 1st. Finally, Raymond James dropped their price target on Canadian Pacific Kansas City from C$130.00 to C$115.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$120.00.

Canadian Pacific Kansas City Trading Down 1.3%

Shares of TSE:CP opened at C$109.98 on Thursday. The stock has a 50 day moving average of C$103.68 and a 200 day moving average of C$106.73. The company has a market cap of C$102.80 billion, a PE ratio of 29.03, a price-to-earnings-growth 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 12-month low of C$94.60 and a 12-month high of C$119.20.

Insider Buying and Selling

In related news, Senior Officer Mark Ashley Redd sold 6,485 shares of the firm’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of C$109.23, for a total value of C$708,331.01. 0.03% of the stock is owned by corporate insiders.

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.