Canadian Pacific Kansas City (TSE:CP) Cut to “Hold” at Natl Bk Canada

Natl Bk Canada downgraded shares of Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) from a strong-buy rating to a hold rating in a research report released on Thursday,Zacks.com reports.

CP has been the topic of a number of other reports. National Bankshares decreased their target price on shares of Canadian Pacific Kansas City from C$124.00 to C$119.00 and set a “sector perform” rating for the company in a research note on Thursday. CIBC boosted their price objective 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. Scotiabank decreased their price objective on shares of Canadian Pacific Kansas City from C$122.00 to C$119.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Sanford C. Bernstein dropped their target price on Canadian Pacific Kansas City from C$121.00 to C$114.00 in a research report on Tuesday, November 11th. Finally, Royal Bank Of Canada boosted their price target on Canadian Pacific Kansas City from C$129.00 to C$137.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$120.23.

Canadian Pacific Kansas City Price Performance

Shares of TSE CP opened at C$99.56 on Thursday. Canadian Pacific Kansas City has a 1-year low of C$94.60 and a 1-year high of C$118.80. The business has a 50-day moving average of C$100.77 and a 200-day moving average of C$103.83. The company has a debt-to-equity ratio of 49.64, a current ratio of 0.53 and a quick ratio of 0.42. The company has a market capitalization of C$89.69 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 2.32 and a beta of 0.88.

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

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.