CIBC Lowers Canadian Pacific Kansas City (TSE:CP) Price Target to C$122.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective reduced by research analysts at CIBC from C$124.00 to C$122.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s target price would indicate a potential upside of 21.32% from the stock’s previous close.

A number of other brokerages also recently issued reports on CP. UBS Group upped their price target on Canadian Pacific Kansas City from C$113.00 to C$116.00 in a report on Thursday, May 1st. The Goldman Sachs Group downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Monday, June 2nd. Raymond James Financial upped their price target on Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the company an “outperform” rating in a report on Thursday, July 17th. Desjardins lowered their price target on Canadian Pacific Kansas City from C$124.00 to C$123.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Royal Bank Of Canada lowered their price target on 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 investment analyst has rated the stock with a sell rating, two have assigned 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.com, Canadian Pacific Kansas City currently has a consensus rating of “Buy” and a consensus price target of C$119.46.

Canadian Pacific Kansas City Trading Down 1.3%

Canadian Pacific Kansas City stock opened at C$100.56 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64. The business’s fifty day simple moving average is C$109.20 and its two-hundred day simple moving average is C$107.72. 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 market capitalization of C$93.99 billion, a price-to-earnings ratio of 26.55, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79.

Insider Buying and Selling

In other Canadian Pacific Kansas City news, Senior Officer James Dominic Luther Clements sold 15,971 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of C$113.33, for a total value of C$1,809,927.95. Also, Senior Officer Keith E. Creel sold 170,227 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of C$110.59, for a total value of C$18,825,910.53. Insiders have sold 343,599 shares of company stock valued at $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.