Raymond James Financial Raises Canadian Pacific Kansas City (TSE:CP) Price Target to C$144.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price increased by stock analysts at Raymond James Financial from C$140.00 to C$144.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price objective indicates a potential upside of 17.70% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Scotiabank upped their price objective on Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 16th. TD raised their price objective on Canadian Pacific Kansas City from C$128.00 to C$134.00 and gave the company a “hold” rating in a report on Thursday. ATB Cormark Capital Markets boosted their target price on Canadian Pacific Kansas City from C$130.00 to C$137.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Barclays upped their target price on Canadian Pacific Kansas City from C$135.00 to C$145.00 in a research note on Friday, June 26th. Finally, Desjardins lifted their price target on shares of Canadian Pacific Kansas City from C$131.00 to C$141.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$134.36.

Canadian Pacific Kansas City Price Performance

Shares of TSE:CP traded down C$6.01 during trading on Thursday, reaching C$122.35. The company had a trading volume of 770,872 shares, compared to its average volume of 1,449,028. The company has a fifty day moving average of C$125.23 and a two-hundred day moving average of C$116.08. The company has a current ratio of 0.67, a quick ratio of 0.42 and a debt-to-equity ratio of 52.35. The stock has a market capitalization of C$108.61 billion, a P/E ratio of 27.31, a price-to-earnings-growth ratio of 2.32 and a beta of 1.28. Canadian Pacific Kansas City has a 12 month low of C$96.50 and a 12 month high of C$131.89.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its earnings results on Wednesday, July 29th. The company reported C$1.27 earnings per share (EPS) for the quarter. The company had revenue of C$4.16 billion during the quarter. Canadian Pacific Kansas City had a net margin of 27.03% and a return on equity of 8.78%. Equities research analysts forecast that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current year.

Insider Buying and Selling

In other Canadian Pacific Kansas City news, insider Cassandra P. Quach sold 4,015 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of C$124.82, for a total transaction of C$501,152.30. Also, insider James Dominic Luther Clements sold 21,035 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of C$125.68, for a total transaction of C$2,643,678.80. Insiders sold 99,515 shares of company stock valued at $12,279,066 over the last quarter. 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.