National Bankshares Increases Canadian Pacific Kansas City (TSE:CP) Price Target to C$124.00

Key Points

• National Bankshares has increased the price target for Canadian Pacific Kansas City (CP) from C$119.00 to C$124.00, indicating a potential upside of 18.83% based on the company's recent closing price.
• Overall, the consensus among analysts is generally positive, with four analysts giving a Strong Buy rating and an average price target of C$119.85.
• Canadian Pacific's stock showed a slight increase of 0.6% during trading, reaching C$104.35, and it has a market capitalization of approximately C$95.79 billion.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP had its target price upped by stock analysts at National Bankshares from C$119.00 to C$124.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' price objective points to a potential upside of 18.75% from the company's previous close.

A number of other equities analysts have also issued reports on the company. Desjardins decreased their price objective on Canadian Pacific Kansas City from C$124.00 to C$123.00 and set a "buy" rating for the company in a report on Thursday, July 31st. CIBC decreased their price target on Canadian Pacific Kansas City from C$124.00 to C$122.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Scotiabank upped their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$122.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, The Goldman Sachs Group lowered shares of Canadian Pacific Kansas City from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 2nd. Four equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of C$119.85.

Canadian Pacific Kansas City Stock Performance

TSE CP traded up C$0.09 on Thursday, hitting C$104.42. The stock had a trading volume of 5,814,168 shares, compared to its average volume of 1,631,575. The company's 50-day moving average is C$104.62 and its two-hundred day moving average is C$105.87. Canadian Pacific Kansas City has a one year low of C$94.60 and a one year high of C$118.80. The stock has a market cap of C$95.86 billion, a price-to-earnings ratio of 23.26, a P/E/G ratio of 2.32 and a beta of 1.08. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64.

Insiders Place Their Bets

In other news, Senior Officer Pamela Lynne Arpin sold 8,500 shares of the firm's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of C$109.81, for a total transaction of C$933,389.25. Insiders own 0.03% of the company's stock.

Canadian Pacific Kansas City Company Profile

Canadian Pacific is a CAD 8 billion Class-1 railroads operating on more than 12,500 miles of track across most of Canada and into parts of the Midwestern and Northeastern United States. It is the second-smallest Class I railroad by revenue and route miles. In 2021, CP hauled shipments of grain (22% of freight revenue), intermodal containers (22%), energy products (like crude and frac sand), chemicals, and plastics (20%) coal (8%), fertilizer and potash (10%), automotive products (5%), and a diverse mix of other merchandise.