Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$120.00 at Raymond James Financial

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP had its price target upped by investment analysts at Raymond James Financial from C$115.00 to C$120.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Raymond James Financial's target price indicates a potential upside of 8.49% from the stock's previous close.

Several other research analysts also recently commented on the company. UBS Group boosted their target price on Canadian Pacific Kansas City from C$113.00 to C$116.00 in a research note on Thursday, May 1st. CIBC boosted their target price on Canadian Pacific Kansas City from C$119.00 to C$124.00 in a research note on Thursday, May 22nd. Scotiabank boosted their target price on Canadian Pacific Kansas City from C$115.00 to C$120.00 in a research note on Thursday, July 10th. National Bankshares boosted their target price on Canadian Pacific Kansas City from C$117.00 to C$119.00 in a research note on Wednesday, July 9th. Finally, Barclays lowered their price objective on Canadian Pacific Kansas City from C$130.00 to C$125.00 in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$120.62.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock traded down C$0.01 on Thursday, reaching C$110.61. 517,113 shares of the stock were exchanged, compared to its average volume of 1,594,331. The firm's 50 day moving average is C$110.49 and its 200-day moving average is C$107.88. Canadian Pacific Kansas City has a one year low of C$94.60 and a one year high of C$119.20. The company has a debt-to-equity ratio of 49.64, a quick ratio of 0.42 and a current ratio of 0.53. The firm has a market cap of C$103.39 billion, a PE ratio of 29.20, a P/E/G ratio of 2.32 and a beta of 0.79.

Insider Buying and Selling

In related news, Senior Officer Keith E. Creel sold 170,227 shares of the stock in a transaction on Monday, June 2nd. The stock was 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 the stock in a transaction on 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. Insiders sold 343,599 shares of company stock worth $38,107,437 over the last quarter. Corporate insiders own 0.03% of the company's stock.

About Canadian Pacific Kansas City

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.