TD Securities Lowers Canadian Pacific Kansas City (TSE:CP) Price Target to C$116.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective dropped by analysts at TD Securities from C$119.00 to C$116.00 in a research note issued on Friday,BayStreet.CA reports. TD Securities’ price objective suggests a potential upside of 14.92% from the company’s previous close.

Several other brokerages also recently commented on CP. Scotiabank lowered their price objective on Canadian Pacific Kansas City from C$122.00 to C$119.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. JPMorgan Chase & Co. decreased their target price on Canadian Pacific Kansas City from C$137.00 to C$124.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Sanford C. Bernstein cut their price objective on shares of Canadian Pacific Kansas City from C$121.00 to C$114.00 in a report on Tuesday, November 11th. Desjardins reduced their price objective on shares of Canadian Pacific Kansas City from C$133.00 to C$130.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. Finally, Royal Bank Of Canada upped 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 research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$119.85.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at C$100.94 on Friday. The stock has a market cap of C$90.93 billion, a P/E ratio of 21.94, a P/E/G ratio of 2.32 and a beta of 0.88. The company has a debt-to-equity ratio of 49.64, a quick ratio of 0.42 and a current ratio of 0.53. The stock’s fifty day moving average is C$100.86 and its 200 day moving average is C$103.55. Canadian Pacific Kansas City has a one year low of C$94.60 and a one year high of C$118.80.

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