Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$142.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price increased by investment analysts at BMO Capital Markets from C$132.00 to C$142.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 13.92% from the company’s previous close.

Several other equities research analysts also recently issued reports on CP. Raymond James Financial lifted their price target on shares of Canadian Pacific Kansas City from C$120.00 to C$125.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. raised their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$133.00 in a report on Thursday, April 30th. Royal Bank Of Canada decreased their price objective on shares of Canadian Pacific Kansas City from C$128.00 to C$127.00 and set an “outperform” rating for the company in a report on Thursday, April 30th. Desjardins increased their price target on shares of Canadian Pacific Kansas City from C$129.00 to C$131.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Scotiabank increased their price target 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. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$123.79.

Canadian Pacific Kansas City Stock Down 1.0%

Canadian Pacific Kansas City stock traded down C$1.23 during midday trading on Monday, hitting C$124.65. 450,585 shares of the stock were exchanged, compared to its average volume of 1,468,180. Canadian Pacific Kansas City has a 1 year low of C$96.50 and a 1 year high of C$127.50. The firm has a market cap of C$110.66 billion, a P/E ratio of 27.82, a P/E/G ratio of 2.32 and a beta of 1.29. The company has a debt-to-equity ratio of 52.35, a current ratio of 0.67 and a quick ratio of 0.42. The company has a 50 day moving average price of C$117.85 and a two-hundred day moving average price of C$110.44.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly 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 net margin of 27.03% and a return on equity of 8.78%. The firm had revenue of C$3.70 billion for the quarter. On average, sell-side analysts predict that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.

Insider Activity at Canadian Pacific Kansas City

In other news, insider John Kenneth Brooks sold 65,130 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of C$122.24, for a total transaction of C$7,961,491.20. Also, insider Cassandra P. Quach sold 4,015 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of C$124.82, for a total value of C$501,152.30. In the last 90 days, insiders have sold 99,515 shares of company stock valued at $12,279,066. 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.