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

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target lifted by Barclays from C$135.00 to C$145.00 in a report released on Friday,BayStreet.CA reports. Barclays‘s price target would suggest a potential upside of 17.00% from the company’s previous close.

CP has been the subject of several other reports. National Bank Financial increased their target price 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. TD upped their price target on shares of Canadian Pacific Kansas City from C$112.00 to C$117.00 and gave the company a “hold” rating in a report on Monday, April 13th. Royal Bank Of Canada increased their price target on shares of Canadian Pacific Kansas City from C$127.00 to C$139.00 and gave the stock an “outperform” rating in a research report on Wednesday. Sanford C. Bernstein boosted their price objective on Canadian Pacific Kansas City from C$117.00 to C$125.00 in a report on Tuesday, March 31st. Finally, Scotiabank upped their price objective on Canadian Pacific Kansas City from C$120.00 to C$122.00 and gave the company a “hold” rating in a research note on Thursday, April 9th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus target price of C$125.86.

Canadian Pacific Kansas City Stock Up 0.2%

Shares of TSE CP traded up C$0.24 during midday trading on Friday, reaching C$123.93. 519,795 shares of the company’s stock were exchanged, compared to its average volume of 1,480,230. 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 has a 52-week low of C$96.50 and a 52-week high of C$127.50. The business’s fifty day moving average price is C$119.78 and its two-hundred day moving average price is C$111.75. The stock has a market capitalization of C$110.02 billion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 2.32 and a beta of 1.29.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings results on Wednesday, April 29th. The company reported C$1.04 EPS for the quarter. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 27.03%.The firm had revenue of C$3.70 billion during the quarter. Analysts forecast that Canadian Pacific Kansas City will post 4.3438583 EPS for the current year.

Insiders Place Their Bets

In related news, insider John Kenneth Brooks sold 65,130 shares of the business’s 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 James Dominic Luther Clements sold 21,035 shares of the 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. In the last quarter, insiders have sold 99,515 shares of company stock worth $12,279,066. 0.03% of the stock is currently owned by 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.