Canadian Pacific Kansas City (TSE:CP) Stock Price Expected to Rise, National Bank Financial Analyst Says

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target hoisted by National Bank Financial from C$140.00 to C$142.00 in a research note issued to investors on Thursday, BayStreet reports. The firm currently has an “outperform” rating on the stock. National Bank Financial‘s price objective would indicate a potential upside of 15.18% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. TD raised their target price on shares of Canadian Pacific Kansas City from C$128.00 to C$134.00 and gave the company a “hold” rating in a research report on Thursday, July 30th. Desjardins increased their price objective on shares of Canadian Pacific Kansas City from C$141.00 to C$143.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. ATB Cormack raised their price objective on Canadian Pacific Kansas City from C$143.00 to C$146.00 and gave the company an “outperform” rating in a report on Thursday, October 15th. BMO Capital Markets upped their price target on shares of Canadian Pacific Kansas City from C$142.00 to C$145.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Finally, ATB Cormark Capital Markets upped their target price on shares of Canadian Pacific Kansas City from C$137.00 to C$143.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$139.41.

Canadian Pacific Kansas City Stock Down 1.9%

TSE CP traded down C$2.42 during trading on Thursday, hitting C$123.28. The stock had a trading volume of 1,015,036 shares, compared to its average volume of 1,374,610. Canadian Pacific Kansas City has a 12 month low of C$96.50 and a 12 month high of C$133.38. The company has a debt-to-equity ratio of 53.93, a quick ratio of 0.42 and a current ratio of 0.59. The company’s 50-day moving average price is C$124.69 and its two-hundred day moving average price is C$119.06. The company has a market capitalization of C$108.37 billion, a PE ratio of 28.67, a P/E/G ratio of 2.32 and a beta of 1.33.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings data on Wednesday, October 28th. The company reported C$1.28 earnings per share (EPS) for the quarter. The company had revenue of C$4.22 billion for the quarter. Canadian Pacific Kansas City had a net margin of 25.04% and a return on equity of 8.35%. As a group, sell-side analysts forecast that Canadian Pacific Kansas City will post 4.34 EPS for the current year.

Insider Activity at Canadian Pacific Kansas City

In related news, insider Pamela Lynne Arpin sold 1,385 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of C$132.92, for a total transaction of C$184,094.20. Following the completion of the sale, the insider owned 4,578 shares of the company’s stock, valued at C$608,507.76. This represents a 23.23% decrease in their ownership of the stock. Also, insider Laird Joseph Pitz sold 24,630 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of C$135.08, for a total transaction of C$3,327,020.40. Over the last three months, insiders have sold 78,015 shares of company stock worth $10,505,115. Corporate insiders own 0.03% of the company’s stock.

More Canadian Pacific Kansas City News

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

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.