Canadian Pacific Kansas City (TSE:CP) Given a C$140.00 Price Target at National Bank Financial

Key Points

• National Bank Financial set a C$140 price target for Canadian Pacific Kansas City and maintained an “outperform” rating, implying 12.32% upside from the reported trading price.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of C$134.36; several brokerages recently raised their targets.
• Shares rose 0.7% to C$124.64, while the company reported C$1.27 in quarterly EPS and C$4.16 billion in revenue. Insiders have sold 78,015 shares worth about C$10.5 million over the past three months.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP received a C$140.00 target price from stock analysts at National Bank Financial in a research note issued on Wednesday, BayStreet reports. The brokerage presently has an "outperform" rating on the stock. National Bank Financial's price objective would suggest a potential upside of 12.32% from the company's current price.

A number of other equities analysts have also recently issued reports on CP. ATB Cormark Capital Markets lifted their target price on Canadian Pacific Kansas City from C$137.00 to C$143.00 and gave the stock an "outperform" rating in a report on Thursday, July 30th. Stephens upgraded shares of Canadian Pacific Kansas City to a "hold" rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. lifted their target price on shares of Canadian Pacific Kansas City from C$135.00 to C$153.00 in a research report on Thursday, July 30th. TD upped their price target 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. Finally, Royal Bank Of Canada raised their price objective on shares of Canadian Pacific Kansas City from C$139.00 to C$145.00 and gave the stock an "outperform" rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$134.36.

Canadian Pacific Kansas City Trading Up 0.7%

Shares of TSE:CP traded up C$0.86 during trading on Wednesday, reaching C$124.64. The stock had a trading volume of 426,083 shares, compared to its average volume of 1,412,716. Canadian Pacific Kansas City has a fifty-two week low of C$96.50 and a fifty-two week high of C$133.38. The business has a fifty day moving average price of C$127.47 and a 200-day moving average price of C$121.23. The stock has a market cap of C$109.57 billion, a P/E ratio of 28.99, a PEG ratio of 2.32 and a beta of 1.30. 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 - Get Free Report) NYSE: CP last posted its quarterly earnings data on Wednesday, July 29th. The company reported C$1.27 EPS for the quarter. Canadian Pacific Kansas City had a net margin of 25.04% and a return on equity of 8.35%. The company had revenue of C$4.16 billion during the quarter. As a group, analysts anticipate that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.

Insider Transactions at Canadian Pacific Kansas City

In related news, insider Mark Ashley Redd sold 52,000 shares of the stock in a transaction that occurred on 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 sale, the insider directly owned 2,199 shares in the company, valued at C$295,765.50. This represents a 95.94% decrease in their position. Also, insider Pamela Lynne Arpin sold 1,385 shares of Canadian Pacific Kansas City stock in a transaction on Friday, August 21st. The shares were sold at an average price of C$132.92, for a total value of C$184,094.20. Following the completion of the transaction, the insider owned 4,578 shares of the company's stock, valued at approximately C$608,507.76. The trade was a 23.23% decrease in their position. In the last three months, insiders sold 78,015 shares of company stock valued at $10,505,115. Company insiders own 0.03% of the company's stock.

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.

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