Citigroup Lowers Canadian Pacific Kansas City (TSE:CP) Price Target to C$86.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price reduced by analysts at Citigroup from C$88.00 to C$86.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential downside of 15.82% from the company’s previous close.

CP has been the topic of several other research reports. TD Securities dropped their price objective on shares of Canadian Pacific Kansas City from C$119.00 to C$116.00 in a report on Friday, January 16th. Royal Bank Of Canada boosted their price target on shares of Canadian Pacific Kansas City from C$129.00 to C$137.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. ATB Capital increased their price target on Canadian Pacific Kansas City from C$124.00 to C$125.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. Natl Bk Canada downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Finally, Scotiabank increased their target price on Canadian Pacific Kansas City from C$119.00 to C$124.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus target price of C$118.62.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock traded up C$4.88 on Thursday, reaching C$102.16. 1,951,077 shares of the stock were exchanged, compared to its average volume of 1,672,649. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64. Canadian Pacific Kansas City has a twelve month low of C$94.60 and a twelve month high of C$118.80. The firm has a fifty day moving average price of C$100.85 and a two-hundred day moving average price of C$102.90. The stock has a market cap of C$92.03 billion, a PE ratio of 22.21, a PEG ratio of 2.32 and a beta of 0.88.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings data on Wednesday, January 28th. The company reported C$1.33 earnings per share for the quarter. Canadian Pacific Kansas City had a return on equity of 8.22% and a net margin of 24.50%.The business had revenue of C$3.92 billion during the quarter. Sell-side analysts anticipate that Canadian Pacific Kansas City will post 4.3438583 EPS for the current year.

Insider Activity at Canadian Pacific Kansas City

In related news, insider Cassandra P. Quach sold 4,135 shares of the company’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of C$102.35, for a total transaction of C$423,217.25. Company insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Company Profile

Canadian Pacific is a CAD 8 billion Class-1 railroads operating on more than 12,500 miles of track across most of Canada and into parts of the Midwestern and Northeastern United States. It is the second-smallest Class I railroad by revenue and route miles. In 2021, CP hauled shipments of grain (22% of freight revenue), intermodal containers (22%), energy products (like crude and frac sand), chemicals, and plastics (20%) coal (8%), fertilizer and potash (10%), automotive products (5%), and a diverse mix of other merchandise.