Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$146.00 at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised Canadian Pacific Kansas City’s price target to C$146 from C$145 and maintained an “outperform” rating, implying 17.7% potential upside.
• Analyst sentiment remains broadly positive, with the stock carrying a consensus “Moderate Buy” rating and an average price target of C$134.43.
• Shares recently traded at C$124.04, while insiders sold approximately 78,015 shares worth C$10.5 million over the past quarter.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP had its price objective lifted by research analysts at Royal Bank Of Canada from C$145.00 to C$146.00 in a research note issued to investors on Thursday, BayStreet reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's price target would suggest a potential upside of 17.70% from the company's current price.

Several other analysts also recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Canadian Pacific Kansas City from C$135.00 to C$153.00 in a research report on Thursday, July 30th. BMO Capital Markets lifted their price objective on shares of Canadian Pacific Kansas City from C$142.00 to C$145.00 and gave the company an "outperform" rating in a research note on Thursday, July 30th. Barclays increased their target price on shares of Canadian Pacific Kansas City from C$135.00 to C$145.00 in a research note on Friday, June 26th. Citizens Jmp upgraded Canadian Pacific Kansas City to a "hold" rating in a research report on Wednesday, July 15th. Finally, TD upped their price objective on Canadian Pacific Kansas City from C$128.00 to C$134.00 and gave the company a "hold" rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of "Moderate Buy" and an average price target of C$134.43.

Canadian Pacific Kansas City Stock Performance

Shares of TSE CP traded down C$0.46 during trading hours on Thursday, reaching C$124.04. The stock had a trading volume of 415,284 shares, compared to its average volume of 1,411,778. The firm has a 50-day moving average of C$127.42 and a 200-day moving average of C$121.28. The firm has a market cap of C$109.04 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 2.32 and a beta of 1.30. The company has a current ratio of 0.59, a quick ratio of 0.42 and a debt-to-equity ratio of 53.93. Canadian Pacific Kansas City has a fifty-two week low of C$96.50 and a fifty-two week high of C$133.38.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last issued its quarterly earnings data on Wednesday, July 29th. The company reported C$1.27 earnings per share for the quarter. The company had revenue of C$4.16 billion during the quarter. Canadian Pacific Kansas City had a return on equity of 8.35% and a net margin of 25.04%. Equities research analysts predict that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current year.

Insider Buying and Selling

In other Canadian Pacific Kansas City news, insider Pamela Lynne Arpin sold 1,385 shares of the stock in a transaction on Friday, August 21st. The stock was 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 in the company, valued at approximately C$608,507.76. This represents a 23.23% decrease in their ownership of the stock. Also, insider Mark Ashley Redd sold 52,000 shares of the firm's stock in a transaction on Monday, August 24th. The shares were sold at an average price of C$134.50, for a total value 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 approximately C$295,765.50. This trade represents a 95.94% decrease in their position. Insiders have sold 78,015 shares of company stock valued at $10,505,115 over the last quarter. Company insiders own 0.03% of the company's stock.

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.

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