Canadian Pacific Kansas City (TSE:CP) Raised to “Hold” at Citizens Jmp

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) was upgraded by analysts at Citizens Jmp to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. raised their price target on shares of Canadian Pacific Kansas City from C$120.00 to C$133.00 in a research note on Thursday, April 30th. National Bank Financial boosted their price objective on Canadian Pacific Kansas City from C$125.00 to C$132.00 and gave the stock an “outperform” rating in a research report on Friday, June 26th. ATB Cormark Capital Markets increased their price objective on Canadian Pacific Kansas City from C$130.00 to C$137.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. TD raised their target price on Canadian Pacific Kansas City from C$117.00 to C$128.00 in a research report on Friday, July 10th. Finally, Raymond James Financial raised their target price on Canadian Pacific Kansas City from C$125.00 to C$140.00 and gave the company an “outperform” rating in a research report on Tuesday. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$130.43.

Canadian Pacific Kansas City Stock Up 2.7%

Canadian Pacific Kansas City stock opened at C$130.46 on Wednesday. The company has a debt-to-equity ratio of 52.35, a quick ratio of 0.42 and a current ratio of 0.67. Canadian Pacific Kansas City has a one year low of C$96.50 and a one year high of C$130.98. The company has a 50-day simple moving average of C$123.12 and a 200-day simple moving average of C$114.27. The firm has a market capitalization of C$115.81 billion, a P/E ratio of 29.12, a P/E/G ratio of 2.32 and a beta of 1.28.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$1.04 earnings per share for the quarter. The firm had revenue of C$3.70 billion for the quarter. Canadian Pacific Kansas City had a net margin of 27.03% and a return on equity of 8.78%. As a group, equities analysts expect 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 Canadian Pacific Kansas City news, insider James Dominic Luther Clements sold 21,035 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of C$125.68, for a total transaction of C$2,643,678.80. Also, Director Katharine Berghuis Stevenson purchased 1,000 shares of Canadian Pacific Kansas City stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of C$118.37 per share, with a total value of C$118,370.00. Following the completion of the purchase, the director owned 3,000 shares in the company, valued at approximately C$355,110. This trade represents a 50.00% increase in their position. Insiders sold 99,515 shares of company stock worth $12,279,066 in the last three months. 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.