JPMorgan Chase & Co. Issues Pessimistic Forecast for Canadian Pacific Kansas City (TSE:CP) Stock Price

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price decreased by research analysts at JPMorgan Chase & Co. from C$137.00 to C$124.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 22.86% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. CIBC cut their price objective on shares of Canadian Pacific Kansas City from C$124.00 to C$122.00 and set an “outperform” rating on the stock in a report on Thursday, July 31st. Scotiabank cut their price objective on shares of Canadian Pacific Kansas City from C$122.00 to C$119.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. TD Securities increased their price objective on shares of Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the company a “hold” rating in a report on Thursday, July 31st. National Bankshares increased their price objective on shares of Canadian Pacific Kansas City from C$119.00 to C$124.00 and gave the company an “outperform” rating in a report on Thursday, September 18th. Finally, Desjardins cut their price objective on shares of Canadian Pacific Kansas City from C$123.00 to C$120.00 and set a “buy” rating on the stock in a report on Monday, October 6th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$120.15.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at C$100.93 on Thursday. The firm’s 50 day moving average is C$104.92 and its 200-day moving average is C$106.25. Canadian Pacific Kansas City has a 1 year low of C$94.60 and a 1 year high of C$118.80. The firm has a market capitalization of C$92.65 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 2.32 and a beta of 1.03. 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 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.