Canadian Pacific Kansas City (TSE:CP) Given New C$90.00 Price Target at Citigroup

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 price objective trimmed by Citigroup from C$94.00 to C$90.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other research firms have also weighed in on CP. National Bankshares upgraded shares of Canadian Pacific Kansas City from a "sector perform" rating to an "outperform" rating and set a C$119.00 price objective on the stock in a research note on Thursday. TD Securities increased their price objective on shares of Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the stock a "hold" rating in a research note on Thursday. Scotiabank increased 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 research note on Thursday. ATB Capital increased their price objective on shares of Canadian Pacific Kansas City from C$123.00 to C$124.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, Desjardins cut their price objective on shares of Canadian Pacific Kansas City from C$124.00 to C$123.00 and set a "buy" rating on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of C$119.46.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock traded down C$1.34 during mid-day trading on Thursday, reaching C$100.56. 1,609,193 shares of the company traded hands, compared to its average volume of 1,617,576. The company has a debt-to-equity ratio of 49.64, a current ratio of 0.53 and a quick ratio of 0.42. Canadian Pacific Kansas City has a fifty-two week low of C$94.60 and a fifty-two week high of C$119.20. The company has a market capitalization of C$93.99 billion, a price-to-earnings ratio of 26.55, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The firm's fifty day moving average is C$109.20 and its two-hundred day moving average is C$107.74.

Canadian Pacific Kansas City Dividend Announcement

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

Insider Buying and Selling

In related news, Senior Officer Keith E. Creel sold 170,227 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of C$110.59, for a total value of C$18,825,910.53. Also, Senior Officer John Kenneth Brooks sold 37,420 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of C$111.43, for a total transaction of C$4,169,691.14. Insiders have sold 343,599 shares of company stock valued at $38,107,437 over the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

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.