Canadian Pacific Kansas City (TSE:CP) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price raised by stock analysts at BMO Capital Markets from C$126.00 to C$132.00 in a note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 13.36% from the company’s current price.

CP has been the subject of several other reports. Scotiabank increased their target price on Canadian Pacific Kansas City from C$119.00 to C$124.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Desjardins set a C$130.00 price objective on Canadian Pacific Kansas City and gave the company a “buy” rating in a research note on Thursday, January 29th. JPMorgan Chase & Co. cut their target price 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 report on Thursday, October 30th. Sanford C. Bernstein lowered their price target on shares of Canadian Pacific Kansas City from C$121.00 to C$114.00 in a report on Tuesday, November 11th. Finally, Royal Bank Of Canada dropped their price target on shares of Canadian Pacific Kansas City from C$127.00 to C$124.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price of C$119.57.

Canadian Pacific Kansas City Price Performance

CP stock opened at C$116.44 on Thursday. The firm has a market cap of C$104.53 billion, a P/E ratio of 25.82, a P/E/G ratio of 2.32 and a beta of 0.88. The firm’s fifty day moving average is C$103.93 and its 200 day moving average is C$103.46. Canadian Pacific Kansas City has a 52 week low of C$94.60 and a 52 week high of C$117.09. The company has a debt-to-equity ratio of 49.64, a quick ratio of 0.42 and a current ratio of 0.53.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings results on Wednesday, January 28th. The company reported C$1.33 earnings per share for the quarter. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.22%. The business had revenue of C$3.92 billion during the quarter. Research analysts predict that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current year.

Insider Activity at Canadian Pacific Kansas City

In other news, insider John Kenneth Brooks sold 14,845 shares of the firm’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of C$103.53, for a total value of C$1,536,902.85. Also, insider Cassandra P. Quach sold 4,135 shares of Canadian Pacific Kansas City stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of C$102.35, for a total transaction of C$423,217.25. 0.03% of the stock is currently owned by company insiders.

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.