Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$119.00

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP had its price objective boosted by analysts at National Bankshares from C$117.00 to C$119.00 in a research report issued on Wednesday,BayStreet.CA reports. National Bankshares' price target points to a potential upside of 6.61% from the company's current price.

A number of other equities research analysts have also weighed in on CP. 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 report on Tuesday, April 22nd. UBS Group increased their price target on shares of Canadian Pacific Kansas City from C$113.00 to C$116.00 in a report on Thursday, May 1st. CIBC lifted their price target on Canadian Pacific Kansas City from C$119.00 to C$124.00 in a research note on Thursday, May 22nd. Royal Bank Of Canada decreased their target price 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, Scotiabank reduced their price objective on shares of Canadian Pacific Kansas City from C$118.00 to C$117.00 and set a "sector perform" rating for the company in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and a consensus target price of C$120.00.

Canadian Pacific Kansas City Price Performance

TSE:CP traded up C$1.08 on Wednesday, reaching C$111.62. The stock had a trading volume of 410,010 shares, compared to its average volume of 1,605,581. The stock has a fifty day moving average price of C$109.31 and a 200-day moving average price of C$107.64. The company has a market capitalization of C$104.33 billion, a P/E ratio of 29.47, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64. Canadian Pacific Kansas City has a 1-year low of C$94.60 and a 1-year high of C$119.20.

Insider Transactions at Canadian Pacific Kansas City

In other news, Senior Officer John Kenneth Brooks sold 37,420 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of C$111.43, for a total value of C$4,169,691.14. Also, Senior Officer Keith E. Creel sold 170,227 shares of the stock in a transaction that occurred 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. Over the last three months, insiders have sold 343,599 shares of company stock worth $38,107,437. 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.

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