Canadian Pacific Kansas City (TSE:CP) Stock Price Target Cut by Desjardins

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective lowered by equities research analysts at Desjardins from C$143.00 to C$141.00 in a note issued to investors on Thursday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Desjardins‘s price target indicates a potential upside of 14.37% from the stock’s current price.

CP has been the subject of several other reports. Canadian Imperial Bank of Commerce upped their target price on Canadian Pacific Kansas City from C$143.00 to C$150.00 and gave the company an “outperform” rating in a research note on Thursday. TD upped their price target on Canadian Pacific Kansas City from C$128.00 to C$134.00 and gave the stock a “hold” rating in a research note on Thursday, July 30th. Royal Bank Of Canada lifted their price objective on Canadian Pacific Kansas City from C$145.00 to C$146.00 and gave the company an “outperform” rating in a research note on Thursday, September 24th. JPMorgan Chase & Co. raised their price target on shares of Canadian Pacific Kansas City from C$135.00 to C$153.00 in a report on Thursday, July 30th. Finally, Scotiabank boosted their price objective on shares of Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus price target of C$139.41.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock traded down C$2.42 on Thursday, hitting C$123.28. The company’s stock had a trading volume of 1,015,036 shares, compared to its average volume of 1,374,610. The firm has a fifty day moving average price of C$124.69 and a 200-day moving average price of C$119.06. The company has a market capitalization of C$108.37 billion, a P/E ratio of 28.67, a price-to-earnings-growth ratio of 2.32 and a beta of 1.33. Canadian Pacific Kansas City has a 52-week low of C$96.50 and a 52-week high of C$133.38. The company has a quick ratio of 0.42, a current ratio of 0.59 and a debt-to-equity ratio of 53.93.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its earnings results on Wednesday, October 28th. The company reported C$1.28 earnings per share (EPS) for the quarter. The firm had revenue of C$4.22 billion for the quarter. Canadian Pacific Kansas City had a return on equity of 8.35% and a net margin of 25.04%. On average, equities research analysts expect that Canadian Pacific Kansas City will post 4.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Canadian Pacific Kansas City

In other news, insider Laird Joseph Pitz sold 24,630 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of C$135.08, for a total value of C$3,327,020.40. Also, insider Mark Ashley Redd sold 52,000 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of C$134.50, for a total transaction of C$6,994,000.00. Following the completion of the sale, the insider directly owned 2,199 shares of the company’s stock, valued at C$295,765.50. The trade was a 95.94% decrease in their position. Insiders have sold 78,015 shares of company stock worth $10,505,115 in the last ninety days. 0.03% of the stock is owned by insiders.

Canadian Pacific Kansas City News Roundup

Here are the key news stories impacting Canadian Pacific Kansas City this week:

• Positive Sentiment: Analysts raised their valuation outlook. CIBC lifted its price target to C$150, while Stifel Nicolaus reiterated a “buy” rating and set the same target. These targets imply meaningful upside from recent trading levels and indicate confidence in CP’s long-term growth prospects. CIBC price target article
• Positive Sentiment: CP renewed its rail service agreement with Elk Valley Resources. The coal deal should provide additional volume and revenue visibility, while supporting the company’s diversified cross-border freight strategy. Elk Valley Resources agreement
• Positive Sentiment: Third-quarter revenue increased on higher freight volumes. CP reported C$4.22 billion in quarterly revenue and earnings of C$1.28 per share, showing continued demand for its rail services. CP third-quarter sales article
• Neutral Sentiment: Operating profitability was mixed. CP’s reported net margin was 25.04% and return on equity was 8.35%, but earnings were broadly flat as higher costs offset revenue gains. CP earnings and fuel costs article
• Negative Sentiment: Higher fuel expenses pressured quarterly earnings. The cost inflation limited the benefit of stronger volumes and revenue, raising concerns about near-term margin expansion. CP Q3 earnings and fuel costs

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.