Raymond James Financial Reiterates C$144.00 Price Target for Canadian Pacific Kansas City (TSE:CP)

Key Points

• Raymond James reiterated a C$144 price target and an “outperform” rating for Canadian Pacific Kansas City, implying approximately 17.5% upside from the current price.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of C$135.20; individual targets range as high as C$153.
• The stock fell 0.8% to C$122.55 in mid-day trading. Canadian Pacific Kansas City reported C$1.27 in quarterly EPS and C$4.16 billion in revenue, while insiders have sold more than 78,000 shares over the past 90 days.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP received a C$144.00 price objective from equities researchers at Raymond James Financial in a research report issued to clients and investors on Monday, BayStreet reports. The firm presently has an "outperform" rating on the stock. Raymond James Financial's target price points to a potential upside of 17.50% from the stock's current price.

A number of other analysts also recently issued reports on the stock. TD increased their target price 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. Royal Bank Of Canada lifted their price target 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 report on Thursday, September 24th. Barclays boosted their price objective on shares of Canadian Pacific Kansas City from C$135.00 to C$145.00 in a research note on Friday, June 26th. JPMorgan Chase & Co. increased their price objective on shares of Canadian Pacific Kansas City from C$135.00 to C$153.00 in a research report on Thursday, July 30th. Finally, BMO Capital Markets lifted their target price on shares of Canadian Pacific Kansas City from C$142.00 to C$145.00 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, ten have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and an average price target of C$135.20.

Canadian Pacific Kansas City Trading Down 0.8%

Shares of Canadian Pacific Kansas City stock traded down C$0.93 during mid-day trading on Monday, hitting C$122.55. 261,884 shares of the stock were exchanged, compared to its average volume of 1,388,102. The stock has a market capitalization of C$107.73 billion, a price-to-earnings ratio of 28.50, a price-to-earnings-growth ratio of 2.32 and a beta of 1.33. Canadian Pacific Kansas City has a twelve month low of C$96.50 and a twelve month high of C$133.38. 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 company has a 50-day simple moving average of C$125.30 and a 200 day simple moving average of C$122.64.

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

Insider Buying and Selling at Canadian Pacific Kansas City

In other news, 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 directly owned 2,199 shares of the company's stock, valued at approximately C$295,765.50. The trade was a 95.94% decrease in their ownership of the stock. Also, insider Pamela Lynne Arpin sold 1,385 shares of the company's stock in a transaction 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 completion of the transaction, 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 ownership of the stock. Insiders sold 78,015 shares of company stock valued at $10,505,115 over the last 90 days. 0.03% of the stock is owned by corporate insiders.

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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