National Bankshares Increases Canadian Pacific Kansas City (TSE:CP) Price Target to C$119.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective increased by research analysts at National Bankshares from C$117.00 to C$119.00 in a research report issued on Wednesday,BayStreet.CA reports. National Bankshares’ price target indicates a potential upside of 5.63% from the company’s current price.

CP has been the topic of a number of other reports. Barclays lowered their price target on shares of Canadian Pacific Kansas City from C$130.00 to C$125.00 in a report on Wednesday, April 2nd. CIBC raised their price target on shares of Canadian Pacific Kansas City from C$119.00 to C$124.00 in a report on Thursday, May 22nd. Desjardins lowered their price target on shares of Canadian Pacific Kansas City from C$129.00 to C$124.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. ATB Capital lowered their price target on shares of Canadian Pacific Kansas City from C$124.00 to C$123.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Royal Bank Of Canada lowered their price target on shares of Canadian Pacific Kansas City from C$122.00 to C$121.00 and set an “outperform” rating on the stock in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$120.23.

Canadian Pacific Kansas City Trading Up 1.1%

CP stock opened at C$112.66 on Wednesday. The company has a market capitalization of C$105.30 billion, a PE ratio of 29.74, a P/E/G ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a 12 month low of C$94.60 and a 12 month high of C$119.20. The firm’s 50-day moving average is C$109.78 and its 200 day moving average is C$107.72. The company has a debt-to-equity ratio of 49.64, a current ratio of 0.53 and a quick ratio of 0.42.

Insider Transactions at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer Nadeem Velani sold 60,000 shares of the business’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of C$110.30, for a total transaction of C$6,618,006.00. Also, Senior Officer Pamela Lynne Arpin sold 8,500 shares of the business’s stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of C$109.81, for a total transaction of C$933,389.25. Insiders sold 343,599 shares of company stock worth $38,107,437 in the last 90 days. Insiders own 0.03% of the company’s stock.

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.