Canadian Pacific Kansas City (TSE:CP) Price Target Cut to C$144.00 by Analysts at ATB Cormark Capital Markets

Key Points

• ATB Cormark cut its price target for Canadian Pacific Kansas City from C$146 to C$144 but maintained an “outperform” rating, implying 16.81% upside from the previous close.
• Analyst sentiment remains broadly positive, with MarketBeat reporting a consensus “Moderate Buy” rating and an average price target of C$139.41.
• CP reported quarterly revenue of C$4.22 billion and EPS of C$1.28, while shares closed at C$123.28; insiders have sold approximately 78,015 shares worth C$10.5 million over the past 90 days.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP had its target price dropped by investment analysts at ATB Cormark Capital Markets from C$146.00 to C$144.00 in a research report issued on Thursday, BayStreet reports. The brokerage presently has an "outperform" rating on the stock. ATB Cormark Capital Markets's price objective indicates a potential upside of 16.81% from the stock's previous close.

Other analysts have also recently issued reports about the stock. Citizens Jmp upgraded shares of Canadian Pacific Kansas City to a "hold" rating in a research note on Wednesday, July 15th. Royal Bank Of Canada lifted their price objective on shares of 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. Stifel Nicolaus set a C$150.00 target price on shares of Canadian Pacific Kansas City and gave the company a "buy" rating in a report on Tuesday. Citigroup increased their target price on Canadian Pacific Kansas City from C$102.00 to C$106.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, National Bank Financial raised their price target on Canadian Pacific Kansas City from C$140.00 to C$142.00 and gave the stock an "outperform" rating in a report on Thursday. 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$139.41.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock traded down C$2.42 on Thursday, hitting C$123.28. 1,015,036 shares of the stock were exchanged, compared to its average volume of 1,374,610. The company has a current ratio of 0.59, a quick ratio of 0.42 and a debt-to-equity ratio of 53.93. The firm 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 has a one year low of C$96.50 and a one year high of C$133.38. The firm's 50 day moving average is C$124.69 and its two-hundred day moving average is C$119.06.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last announced its quarterly earnings data on Wednesday, October 28th. The company reported C$1.28 earnings per share (EPS) for the quarter. The business 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%. Sell-side analysts expect that Canadian Pacific Kansas City will post 4.34 earnings per share for the current fiscal 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 that occurred on 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 sale, the insider owned 4,578 shares of the company's stock, valued at approximately C$608,507.76. This represents a 23.23% decrease in their position. Also, insider Mark Ashley Redd sold 52,000 shares of the business's stock in a transaction on Monday, August 24th. The shares were sold at an average price of C$134.50, for a total transaction of C$6,994,000.00. Following the transaction, the insider owned 2,199 shares of the company's stock, valued at C$295,765.50. This trade represents a 95.94% decrease in their ownership of the stock. Over the last 90 days, insiders sold 78,015 shares of company stock valued at $10,505,115. Corporate insiders own 0.03% of the company's stock.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.