Raymond James Financial Increases Canadian Pacific Kansas City (TSE:CP) Price Target to C$125.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target increased by Raymond James Financial from C$120.00 to C$125.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s price target would indicate a potential upside of 5.29% from the company’s current price.

A number of other equities research analysts have also recently issued reports on CP. Royal Bank Of Canada increased their target price on shares of Canadian Pacific Kansas City from C$124.00 to C$128.00 in a research report on Thursday, March 26th. BMO Capital Markets increased their target price on shares of Canadian Pacific Kansas City from C$126.00 to C$132.00 in a research report on Thursday, February 19th. ATB Cormark Capital Markets increased their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$130.00 and gave the stock a “moderate buy” rating in a research report on Friday, April 17th. Scotiabank increased their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$122.00 and gave the stock a “hold” rating in a research report on Thursday, April 9th. Finally, National Bank Financial increased their target price on shares of Canadian Pacific Kansas City from C$119.00 to C$125.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$121.00.

Canadian Pacific Kansas City Trading Up 0.5%

Shares of Canadian Pacific Kansas City stock opened at C$118.72 on Thursday. The stock has a market capitalization of C$106.53 billion, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 2.32 and a beta of 1.13. 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 company has a 50-day simple moving average of C$113.00 and a 200 day simple moving average of C$106.17. Canadian Pacific Kansas City has a 12-month low of C$96.50 and a 12-month high of C$122.25.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its earnings results on Wednesday, January 28th. The company reported C$1.33 earnings per share (EPS) for the quarter. The business had revenue of C$3.92 billion during the quarter. Canadian Pacific Kansas City had a net margin of 27.46% and a return on equity of 8.90%. Research analysts expect that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.

Insider Activity

In other Canadian Pacific Kansas City 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, Director Marc Parent acquired 13,000 shares of the stock in a transaction on Friday, January 30th. The stock was bought at an average price of C$102.00 per share, with a total value of C$1,326,000.00. Following the transaction, the director directly owned 13,933 shares in the company, valued at approximately C$1,421,166. This represents a 1,393.35% increase in their position. Company insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Company Profile

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.