Canadian Pacific Kansas City (TSE:CP) Director Acquires C$1,326,000.00 in Stock

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) Director Marc Parent purchased 13,000 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The shares were purchased at an average cost of C$102.00 per share, with a total value of C$1,326,000.00. Following the completion of the acquisition, the director owned 13,933 shares in the company, valued at C$1,421,166. The trade was a 1,393.35% increase in their position.

Canadian Pacific Kansas City Stock Performance

Shares of TSE CP opened at C$114.10 on Tuesday. 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 firm has a market cap of C$102.43 billion, a price-to-earnings ratio of 25.30, a P/E/G ratio of 2.32 and a beta of 0.88. The stock’s fifty day moving average price is C$102.93 and its two-hundred day moving average price is C$103.08. Canadian Pacific Kansas City Limited has a one year low of C$94.60 and a one year high of C$115.54.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its earnings results on Wednesday, January 28th. The company reported C$1.33 earnings per share 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$3.92 billion during the quarter. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 4.3438583 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CP. National Bank Financial 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 on the stock in a research report on Thursday, January 8th. Canadian Imperial Bank of Commerce raised their price objective on Canadian Pacific Kansas City from C$122.00 to C$123.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Natl Bk Canada downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. TD Securities dropped their price target on Canadian Pacific Kansas City from C$116.00 to C$112.00 and set a “hold” rating for the company in a research note on Thursday, January 29th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of 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. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$118.62.

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.