Canadian Pacific Kansas City (TSE:CP) Stock Price Expected to Rise, National Bankshares Analyst Says

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP had its price objective hoisted by research analysts at National Bankshares from C$117.00 to C$119.00 in a note issued to investors on Wednesday,BayStreet.CA reports. National Bankshares' price target points to a potential upside of 6.54% from the company's previous close.

Several other analysts have also weighed in on the company. Raymond James Financial reduced their price objective on Canadian Pacific Kansas City from C$130.00 to C$115.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. UBS Group raised their price objective on Canadian Pacific Kansas City from C$113.00 to C$116.00 in a research note on Thursday, May 1st. Royal Bank Of Canada reduced their price objective on Canadian Pacific Kansas City from C$122.00 to C$121.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Desjardins reduced their price objective on Canadian Pacific Kansas City from C$129.00 to C$124.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, ATB Capital reduced their price objective on Canadian Pacific Kansas City from C$124.00 to C$123.00 and set an "outperform" rating on the stock in a research note on Monday, July 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and an average price target of C$120.23.

Canadian Pacific Kansas City Price Performance

Shares of CP traded down C$0.97 during trading hours on Wednesday, hitting C$111.69. 1,224,474 shares of the company were exchanged, compared to its average volume of 1,612,602. The company has a market cap of C$104.40 billion, a price-to-earnings ratio of 29.49, a P/E/G ratio of 2.32 and a beta of 0.79. 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 quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64. The firm's fifty day moving average is C$109.94 and its 200 day moving average is C$107.76.

Insider Activity at Canadian Pacific Kansas City

In other news, Senior Officer Keith E. Creel sold 170,227 shares of the firm's stock in a transaction dated 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 Maeghan Dawn Albiston sold 12,950 shares of the firm'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 343,599 shares of company stock valued at $38,107,437 over the last ninety days. 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.