Canadian Pacific Kansas City (TSE:CP) Stock Price Target Raised at ATB Cormack

Key Points

• ATB Cormack raised Canadian Pacific Kansas City’s price target from C$143 to C$146 while maintaining an “outperform” rating, implying 18.8% upside from the prior close.
• Analyst sentiment remains positive: MarketBeat reports a consensus “Moderate Buy” rating and an average price target of C$135.20, supported by multiple recent target increases.
• CP shares traded at C$122.90, with the company reporting C$1.27 in quarterly EPS and C$4.16 billion in revenue; however, insiders have sold more than 78,000 shares worth approximately C$10.5 million over the past 90 days.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP had its price objective lifted by stock analysts at ATB Cormack from C$143.00 to C$146.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The brokerage currently has an "outperform" rating on the stock. ATB Cormack's price objective would indicate a potential upside of 18.80% from the company's previous close.

Several other research analysts have also recently issued reports on CP. National Bank Financial set a C$140.00 price objective on Canadian Pacific Kansas City and gave the stock an "outperform" rating in a research note on Wednesday, September 23rd. Scotiabank upped their target price on Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 16th. Stephens upgraded shares of Canadian Pacific Kansas City to a "hold" rating in a report on Wednesday, July 8th. BMO Capital Markets increased 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 report on Thursday, July 30th. Finally, TD raised their price target on shares of Canadian Pacific Kansas City from C$128.00 to C$134.00 and gave the stock a "hold" rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of "Moderate Buy" and an average target price of C$135.20.

Canadian Pacific Kansas City Stock Performance

CP stock traded up C$0.20 during midday trading on Thursday, reaching C$122.90. The stock had a trading volume of 314,249 shares, compared to its average volume of 1,387,740. The stock has a market cap of C$108.04 billion, a PE ratio of 28.58, a P/E/G ratio of 2.32 and a beta of 1.33. 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 firm has a fifty day simple moving average of C$125.45 and a two-hundred day simple moving average of C$122.42. Canadian Pacific Kansas City has a 52-week low of C$96.50 and a 52-week high of C$133.38.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last posted its quarterly earnings results on Wednesday, July 29th. The company reported C$1.27 earnings per share for the quarter. The business had revenue of C$4.16 billion for the quarter. Canadian Pacific Kansas City had a return on equity of 8.35% and a net margin of 25.04%. As a group, equities research analysts anticipate that Canadian Pacific Kansas City will post 4.34 EPS for the current year.

Insiders Place Their Bets

In other news, insider Pamela Lynne Arpin sold 1,385 shares of the firm'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 C$608,507.76. This trade represents a 23.23% decrease in their position. Also, insider Mark Ashley Redd sold 52,000 shares of Canadian Pacific Kansas City stock in a transaction that occurred 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 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 ownership of the stock. In the last 90 days, insiders have sold 78,015 shares of company stock worth $10,505,115. Corporate 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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