National Bank Financial Forecasts Strong Price Appreciation for Canadian Pacific Kansas City (TSE:CP) Stock

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price boosted by National Bank Financial from C$119.00 to C$125.00 in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 13.80% from the stock’s current price.

A number of other analysts have also issued reports on CP. BMO Capital Markets raised their price target on Canadian Pacific Kansas City from C$126.00 to C$132.00 in a research note on Thursday, February 19th. Citigroup decreased their price target on Canadian Pacific Kansas City from C$88.00 to C$86.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. Royal Bank Of Canada raised their price target on Canadian Pacific Kansas City from C$124.00 to C$128.00 in a research note on Thursday, March 26th. Scotiabank raised their price target on Canadian Pacific Kansas City from C$120.00 to C$122.00 and gave the stock a “hold” rating in a research note on Thursday, April 9th. Finally, Sanford C. Bernstein raised their price target on Canadian Pacific Kansas City from C$117.00 to C$125.00 in a research note on Tuesday, March 31st. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$120.29.

Canadian Pacific Kansas City Stock Down 1.4%

CP opened at C$109.84 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.49 and a debt-to-equity ratio of 50.54. The firm has a market cap of C$98.56 billion, a P/E ratio of 24.35, a PEG ratio of 2.32 and a beta of 1.13. Canadian Pacific Kansas City has a 52 week low of C$96.50 and a 52 week high of C$122.25. The business’s fifty day simple moving average is C$112.78 and its 200 day simple moving average is C$105.80.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings data on Wednesday, January 28th. The company reported C$1.33 EPS for the quarter. Canadian Pacific Kansas City had a return on equity of 8.90% and a net margin of 27.46%.The business had revenue of C$3.92 billion for the quarter. As a group, equities research analysts anticipate that Canadian Pacific Kansas City will post 4.3438583 EPS for the current fiscal year.

Insider Transactions at Canadian Pacific Kansas City

In other news, Director Marc Parent acquired 13,000 shares of the business’s stock in a transaction dated Friday, January 30th. The shares were bought at an average cost of C$102.00 per share, for a total transaction of C$1,326,000.00. Following the acquisition, the director directly owned 13,933 shares in the company, valued at C$1,421,166. This trade represents a 1,393.35% increase in their position. Also, insider John Kenneth Brooks sold 14,845 shares of the firm’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of C$103.53, for a total value of C$1,536,902.85. Company insiders own 0.03% of the company’s stock.

About Canadian Pacific Kansas City

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.