Canadian Pacific Kansas City (TSE:CP) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$104.37 and traded as low as C$101.84. Canadian Pacific Kansas City shares last traded at C$102.38, with a volume of 3,032,887 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CP shares. Royal Bank Of Canada increased their target price on shares of Canadian Pacific Kansas City from C$129.00 to C$137.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Desjardins lifted their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$133.00 and gave the company a “buy” rating in a research note on Friday, December 12th. CIBC upped their target price on shares of Canadian Pacific Kansas City from C$122.00 to C$123.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. ATB Capital raised their price target on Canadian Pacific Kansas City from C$124.00 to C$125.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. Finally, Sanford C. Bernstein lowered their price objective on Canadian Pacific Kansas City from C$121.00 to C$114.00 in a research report on Tuesday, November 11th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus price target of C$120.62.

Canadian Pacific Kansas City Stock Up 0.4%

The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64. The company has a market capitalization of C$92.23 billion, a PE ratio of 22.26, a PEG ratio of 2.32 and a beta of 0.93. The company’s 50 day moving average is C$101.42 and its two-hundred day moving average is C$104.37.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings data on Wednesday, October 29th. The company reported C$1.10 EPS for the quarter. The business had revenue of C$3.66 billion during the quarter. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.22%. On average, analysts anticipate that Canadian Pacific Kansas City Limited will post 4.3438583 earnings per share for the current year.

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.