Royal Bank Of Canada Raises Canadian Pacific Kansas City (TSE:CP) Price Target to C$139.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective increased by equities research analysts at Royal Bank Of Canada from C$127.00 to C$139.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 14.98% from the company’s previous close.

Several other equities research analysts also recently commented on the stock. BMO Capital Markets boosted their target price on shares of Canadian Pacific Kansas City from C$132.00 to C$142.00 and gave the stock an “outperform” rating in a research report on Monday, June 15th. Raymond James Financial raised their price target on shares of Canadian Pacific Kansas City from C$120.00 to C$125.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. National Bank Financial lifted their price target on Canadian Pacific Kansas City from C$119.00 to C$125.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. Desjardins boosted their price objective on Canadian Pacific Kansas City from C$129.00 to C$131.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Scotiabank increased their price objective on Canadian Pacific Kansas City from C$120.00 to C$122.00 and gave the stock a “hold” rating in a research note on Thursday, April 9th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$124.64.

Canadian Pacific Kansas City Stock Down 0.3%

Shares of TSE:CP traded down C$0.38 during trading on Wednesday, reaching C$120.89. 546,628 shares of the stock were exchanged, compared to its average volume of 1,477,550. Canadian Pacific Kansas City has a 1-year low of C$96.50 and a 1-year high of C$127.50. The stock has a fifty day moving average of C$119.39 and a two-hundred day moving average of C$111.47. 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 firm has a market cap of C$107.32 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 2.32 and a beta of 1.29.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings results on Wednesday, April 29th. The company reported C$1.04 earnings per share (EPS) for the quarter. The business had revenue of C$3.70 billion during the quarter. Canadian Pacific Kansas City had a net margin of 27.03% and a return on equity of 8.78%. Research analysts anticipate 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 related news, insider James Dominic Luther Clements sold 21,035 shares of the firm’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 acquired 1,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was bought at an average cost of C$118.37 per share, for a total transaction of C$118,370.00. Following the transaction, the director owned 3,000 shares of the company’s stock, valued at approximately C$355,110. This trade represents a 50.00% increase in their position. Over the last ninety days, insiders sold 99,515 shares of company stock worth $12,279,066. 0.03% of the stock is owned by company insiders.

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.