Canadian Pacific Kansas City (TSE:CP) Stock Price Expected to Rise, Scotiabank Analyst Says

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price lifted by research analysts at Scotiabank from C$120.00 to C$122.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 21.32% from the stock’s previous close.

CP has been the topic of a number of other reports. Desjardins lowered their target price on shares of Canadian Pacific Kansas City from C$124.00 to C$123.00 and set a “buy” rating on the stock in a research note on Thursday. National Bankshares upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and set a C$119.00 price target on the stock in a research report on Thursday. The Goldman Sachs Group cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 2nd. TD Securities increased their price target on shares of Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the company a “hold” rating in a research report on Thursday. Finally, ATB Capital increased their price target on shares of Canadian Pacific Kansas City from C$123.00 to C$124.00 and gave the company an “outperform” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$119.46.

Canadian Pacific Kansas City Trading Down 1.3%

Shares of CP opened at C$100.56 on Thursday. The firm’s 50 day simple moving average is C$109.20 and its 200 day simple moving average is C$107.72. The company has a market capitalization of C$93.99 billion, a P/E ratio of 26.55, a P/E/G ratio of 2.32 and a beta of 0.79. The company has a debt-to-equity ratio of 49.64, a current ratio of 0.53 and a quick ratio of 0.42. Canadian Pacific Kansas City has a 1-year low of C$94.60 and a 1-year high of C$119.20.

Insider Buying and Selling at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer Maeghan Dawn Albiston sold 12,950 shares of the firm’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of C$112.04, for a total transaction of C$1,450,853.25. Also, Senior Officer Nadeem Velani sold 60,000 shares of the firm’s stock in a transaction on Thursday, June 12th. The shares were sold at an average price of C$110.30, for a total value of C$6,618,006.00. In the last three months, insiders have sold 343,599 shares of company stock valued at $38,107,437. Company 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.