Royal Bank Of Canada Boosts Canadian Pacific Kansas City (TSE:CP) Price Target to C$137.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective lifted by analysts at Royal Bank Of Canada from C$129.00 to C$137.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 35.74% from the company’s previous close.

Several other research firms have also issued reports on CP. National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. National Bankshares lifted 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 research note on Thursday, September 18th. Citigroup cut their target price on shares of Canadian Pacific Kansas City from C$94.00 to C$90.00 and set a “buy” rating for the company in a research report on Thursday, July 31st. Sanford C. Bernstein boosted their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$121.00 in a research report on Tuesday, September 30th. Finally, Desjardins cut their target price on shares of Canadian Pacific Kansas City from C$123.00 to C$120.00 and set a “buy” rating for the company in a research report on Monday, October 6th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus target price of C$120.15.

Canadian Pacific Kansas City Stock Down 0.7%

CP stock opened at C$100.93 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. Canadian Pacific Kansas City has a 1 year low of C$94.60 and a 1 year high of C$118.80. The company has a fifty day simple moving average of C$104.92 and a 200 day simple moving average of C$106.25. The firm has a market cap of C$92.65 billion, a PE ratio of 22.48, a PEG ratio of 2.32 and a beta of 1.03.

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.