Citigroup Issues Pessimistic Forecast for Canadian Pacific Kansas City (TSE:CP) Stock Price

Key Points

• Citigroup has downgraded the price target for Canadian Pacific Kansas City from C$94.00 to C$90.00, indicating a potential downside of 11.87% from the current stock price.
• In contrast to Citigroup, other analysts have increased their price targets, with Raymond James Financial setting a target of C$120.00 and JPMorgan Chase & Co. raising theirs to C$131.00, reflecting a generally optimistic outlook.
• Shares of Canadian Pacific Kansas City have decreased by 2.6%, bringing the trading price down to C$102.12, while the company reported a market cap of C$95.45 billion.

Canadian Pacific Kansas City (TSE:CP - Free Report) NYSE: CP had its target price trimmed by Citigroup from C$94.00 to C$90.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

CP has been the subject of several other reports. Desjardins reduced their target price on Canadian Pacific Kansas City from C$124.00 to C$123.00 and set a "buy" rating for the company in a research report on Thursday. UBS Group raised their target price on Canadian Pacific Kansas City from C$113.00 to C$116.00 in a research report on Thursday, May 1st. JPMorgan Chase & Co. raised their target price on Canadian Pacific Kansas City from C$125.00 to C$131.00 and gave the stock an "overweight" rating in a research report on Thursday. Scotiabank raised their target price on Canadian Pacific Kansas City from C$120.00 to C$122.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, TD Securities raised their target price on Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the stock a "hold" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of "Buy" and an average target price of C$119.46.

Canadian Pacific Kansas City Stock Performance

TSE:CP traded down C$1.34 during trading hours on Thursday, hitting C$100.56. 1,609,193 shares of the company traded hands, compared to its average volume of 1,617,576. The stock has a market capitalization of C$93.99 billion, a price-to-earnings ratio of 26.55, a P/E/G ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a twelve month low of C$94.60 and a twelve month high of C$119.20. The firm has a 50-day moving average of C$109.20 and a 200 day moving average of C$107.72. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64.

Canadian Pacific Kansas City Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be issued a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.9%. Canadian Pacific Kansas City's dividend payout ratio is 20.06%.

Insiders Place Their Bets

In related news, Senior Officer John Kenneth Brooks sold 37,420 shares of Canadian Pacific Kansas City stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of C$111.43, for a total value of C$4,169,691.14. Also, Senior Officer Maeghan Dawn Albiston sold 12,950 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of C$112.04, for a total value of C$1,450,853.25. Insiders sold a total of 343,599 shares of company stock valued at $38,107,437 over the last three months. Company 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.