Scotiabank Forecasts Strong Price Appreciation for Canadian Pacific Kansas City (TSE:CP) Stock

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective boosted by research analysts at Scotiabank from C$122.00 to C$143.00 in a research report issued on Thursday, MarketBeat.com reports. The brokerage currently has a “strong-buy” rating on the stock. Scotiabank’s price objective suggests a potential upside of 8.88% from the stock’s previous close.

A number of other analysts also recently issued reports on CP. Barclays raised their price objective on Canadian Pacific Kansas City from C$135.00 to C$145.00 in a research report on Friday, June 26th. Raymond James Financial upped their target price on shares of 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. Stephens raised shares of Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. Citizens Jmp upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday. Finally, TD boosted their price target on shares of Canadian Pacific Kansas City from C$117.00 to C$128.00 in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$130.43.

Canadian Pacific Kansas City Trading Up 0.7%

CP opened at C$131.34 on Thursday. Canadian Pacific Kansas City has a one year low of C$96.50 and a one year high of C$131.60. The stock has a market capitalization of C$116.60 billion, a PE ratio of 29.32, a P/E/G ratio of 2.32 and a beta of 1.28. The business’s 50 day moving average price is C$123.39 and its 200 day moving average price is C$114.39. 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 (TSE:CP) (NYSE:CP) last posted its earnings results on Wednesday, April 29th. The company reported C$1.04 earnings per share (EPS) for the quarter. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 27.03%.The company had revenue of C$3.70 billion during the quarter. As a group, equities research analysts expect that Canadian Pacific Kansas City will post 4.3438583 EPS for the current year.

Insiders Place Their Bets

In related news, insider James Dominic Luther Clements sold 21,035 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of C$125.68, for a total value of C$2,643,678.80. Also, insider Maeghan Dawn Albiston sold 3,645 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of C$126.61, for a total value of C$461,493.45. In the last three months, insiders sold 99,515 shares of company stock valued at $12,279,066. 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.