Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$118.00

Key Points

• Analysts at TD Securities raised their price target for Canadian Pacific Kansas City from C$117.00 to C$118.00, indicating a potential upside of 15.55% from its previous close.
• The stock is currently rated as a "hold" by TD Securities, while other analysts have issued varying ratings, with an average rating of "Moderate Buy" and a target price of C$119.46.
• Canadian Pacific's stock has seen a decrease of 2.6%, trading at C$102.12, with insider sales amounting to approximately $38 million in the last three months.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP had its price target upped by research analysts at TD Securities from C$117.00 to C$118.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has a "hold" rating on the stock. TD Securities' price objective suggests a potential upside of 17.34% from the company's previous close.

CP has been the subject of a number of other research reports. ATB Capital reduced their price target on Canadian Pacific Kansas City from C$124.00 to C$123.00 and set an "outperform" rating for the company in a research report on Monday, July 7th. Barclays reduced their price target on Canadian Pacific Kansas City from C$130.00 to C$125.00 in a research report on Wednesday, April 2nd. UBS Group boosted their price target on Canadian Pacific Kansas City from C$113.00 to C$116.00 in a research report on Thursday, May 1st. Royal Bank Of Canada reduced their price target on Canadian Pacific Kansas City from C$122.00 to C$121.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Finally, The Goldman Sachs Group lowered Canadian Pacific Kansas City from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 2nd. One equities 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of C$119.46.

Canadian Pacific Kansas City Stock Performance

CP traded down C$1.34 during trading on Thursday, reaching C$100.56. 1,609,193 shares of the company were exchanged, compared to its average volume of 1,617,576. The stock has a market cap of C$93.99 billion, a P/E ratio of 26.55, a PEG ratio of 2.32 and a beta of 0.79. The firm has a 50 day moving average of C$109.20 and a 200 day moving average of C$107.74. 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 has a 52 week low of C$94.60 and a 52 week high of C$119.20.

Insider Buying and Selling at Canadian Pacific Kansas City

In related news, Senior Officer Keith E. Creel sold 170,227 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$110.59, for a total transaction of C$18,825,910.53. Also, Senior Officer Pamela Lynne Arpin sold 8,500 shares of the company's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of C$109.81, for a total value of C$933,389.25. Insiders sold a total of 343,599 shares of company stock valued at $38,107,437 over the last 90 days. 0.03% of the stock is owned by 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.