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

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$102.75 and traded as high as C$109.97. Canadian Pacific Kansas City shares last traded at C$109.82, with a volume of 1,503,056 shares trading hands.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CP. Scotiabank upped their price target on Canadian Pacific Kansas City from C$119.00 to C$124.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. ATB Capital increased their price target on Canadian Pacific Kansas City from C$124.00 to C$125.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. National Bankshares reduced their price objective on Canadian Pacific Kansas City from C$124.00 to C$119.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 8th. Sanford C. Bernstein reduced their target price on shares of Canadian Pacific Kansas City from C$121.00 to C$114.00 in a research note on Tuesday, November 11th. Finally, Canadian Imperial Bank of Commerce lifted their price target on shares of Canadian Pacific Kansas City from C$122.00 to C$123.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$118.62.

Canadian Pacific Kansas City Trading Up 1.4%

The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64. The firm has a market capitalization of C$98.59 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 2.32 and a beta of 0.88. The company has a fifty day moving average price of C$101.62 and a two-hundred day moving average price of C$102.75.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings data on Wednesday, January 28th. The company reported C$1.33 earnings per share (EPS) for the quarter. The firm had revenue of C$3.92 billion during the quarter. Canadian Pacific Kansas City had a return on equity of 8.22% and a net margin of 24.50%. As a group, research analysts forecast that Canadian Pacific Kansas City Limited will post 4.3438583 earnings per share for the current fiscal year.

Insider Activity at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, insider Cassandra P. Quach sold 4,135 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of C$102.35, for a total transaction of C$423,217.25. Insiders own 0.03% of the company’s stock.

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.