Scotiabank Issues Positive Forecast for Canadian Pacific Kansas City (TSE:CP) Stock Price

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective upped by Scotiabank from C$119.00 to C$124.00 in a research report released on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

CP has been the subject of a number of other reports. TD Securities reduced their price target on shares of Canadian Pacific Kansas City from C$119.00 to C$116.00 in a report on Friday, January 16th. Desjardins reduced their target price on shares of Canadian Pacific Kansas City from C$133.00 to C$130.00 and set a “buy” rating for the company in a research note on Monday, January 12th. Sanford C. Bernstein decreased their target price on Canadian Pacific Kansas City from C$121.00 to C$114.00 in a research report on Tuesday, November 11th. Natl Bk Canada cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Finally, ATB Capital raised their price objective on Canadian Pacific Kansas City from C$124.00 to C$125.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$120.23.

Canadian Pacific Kansas City Price Performance

Shares of TSE:CP opened at C$99.55 on Wednesday. The company has a market cap of C$89.68 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 2.32 and a beta of 0.88. The business has a 50 day moving average price of C$100.79 and a 200 day moving average price of C$103.32. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64. Canadian Pacific Kansas City has a twelve month low of C$94.60 and a twelve month high of C$118.80.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings results on Wednesday, October 29th. The company reported C$1.10 EPS for the quarter. Canadian Pacific Kansas City had a return on equity of 8.22% and a net margin of 24.50%.The company had revenue of C$3.66 billion during the quarter. Research analysts predict 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.