Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$125.00

Key Points

• The price target for Canadian Pacific Kansas City (TSE:CP) has been raised to C$125.00 by ATB Capital, indicating a potential upside of 16.20% from its previous close.
• Analysts show a positive outlook, with four analysts rating it as a Strong Buy, and several others assigning varying price targets ranging up to C$137.00.
• The stock currently trades at C$107.57, with a market capitalization of C$98.75 billion and a price-to-earnings ratio of 23.96.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP had its price objective raised by stock analysts at ATB Capital from C$124.00 to C$125.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. ATB Capital's target price indicates a potential upside of 16.20% from the company's previous close.

A number of other equities analysts have also commented on CP. JPMorgan Chase & Co. lifted their price objective on Canadian Pacific Kansas City from C$131.00 to C$137.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 8th. Raymond James Financial boosted their price target on Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. Sanford C. Bernstein boosted their price target on Canadian Pacific Kansas City from C$120.00 to C$121.00 in a research note on Tuesday, September 30th. Scotiabank decreased their price objective on Canadian Pacific Kansas City from C$122.00 to C$119.00 and set an "outperform" rating for the company in a report on Friday, October 3rd. Finally, National Bankshares boosted their price objective on Canadian Pacific Kansas City from C$119.00 to C$124.00 and gave the company an "outperform" rating in a report on Thursday, September 18th. Four analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$119.85.

Canadian Pacific Kansas City Trading Up 0.5%

Shares of TSE:CP traded up C$0.53 during midday trading on Wednesday, hitting C$107.57. 389,663 shares of the stock were exchanged, compared to its average volume of 1,624,491. The stock has a market capitalization of C$98.75 billion, a price-to-earnings ratio of 23.96, a P/E/G ratio of 2.32 and a beta of 1.03. 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 business's 50-day moving average price is C$104.42 and its 200 day moving average price is C$105.83. Canadian Pacific Kansas City has a 12 month low of C$94.60 and a 12 month high of C$118.80.

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.

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