Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$130.00 at ATB Cormark Capital Markets

Key Points

• ATB Cormark raised its price target on Canadian Pacific Kansas City to C$130.00 (from C$127.00) and kept an "outperform" rating, implying about a 16.6% upside from the previous close.
• Analyst consensus remains positive with eight Buy and four Hold ratings, a MarketBeat consensus rating of "Moderate Buy" and an average price target of C$120.64.
• CPKC traded at C$111.50 with a market cap of C$100.05 billion, trailing P/E of 24.72 and last quarter EPS of C$1.33 on C$3.92 billion revenue; insiders showed activity with a director buying 13,000 shares and another insider selling 14,845 shares.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP had its target price hoisted by equities research analysts at ATB Cormark Capital Markets from C$127.00 to C$130.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. ATB Cormark Capital Markets' price target points to a potential upside of 16.59% from the company's previous close.

Several other research analysts also recently weighed in on CP. Citigroup cut their price target on Canadian Pacific Kansas City from C$88.00 to C$86.00 and set a "buy" rating for the company in a research note on Thursday, January 29th. National Bank Financial increased their price target on Canadian Pacific Kansas City from C$119.00 to C$125.00 and gave the stock an "outperform" rating in a research note on Wednesday. Scotiabank increased their price objective on Canadian Pacific Kansas City from C$120.00 to C$122.00 and gave the stock a "hold" rating in a report on Thursday, April 9th. Sanford C. Bernstein increased their price objective on Canadian Pacific Kansas City from C$117.00 to C$125.00 in a report on Tuesday, March 31st. Finally, TD Securities lowered their price target on Canadian Pacific Kansas City from C$116.00 to C$112.00 and set a "hold" rating on the stock in a report on Thursday, January 29th. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$120.64.

Canadian Pacific Kansas City Stock Performance

TSE:CP traded up C$1.66 during trading on Friday, reaching C$111.50. The company's stock had a trading volume of 502,015 shares, compared to its average volume of 1,614,999. The firm has a market cap of C$100.05 billion, a price-to-earnings ratio of 24.72, a price-to-earnings-growth ratio of 2.32 and a beta of 1.13. The company has a debt-to-equity ratio of 50.54, a quick ratio of 0.42 and a current ratio of 0.49. The firm has a 50 day moving average of C$112.78 and a 200-day moving average of C$105.80. Canadian Pacific Kansas City has a 12 month low of C$96.50 and a 12 month high of C$122.25.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last announced its quarterly earnings data on Wednesday, January 28th. The company reported C$1.33 earnings per share (EPS) for the quarter. The firm had revenue of C$3.92 billion during the quarter. Canadian Pacific Kansas City had a return on equity of 8.90% and a net margin of 27.46%. Research analysts expect that Canadian Pacific Kansas City will post 4.3438583 EPS for the current fiscal year.

Insider Buying and Selling at Canadian Pacific Kansas City

In related news, Director Marc Parent bought 13,000 shares of the company's stock in a transaction on Friday, January 30th. The shares were acquired at an average cost of C$102.00 per share, with a total value of C$1,326,000.00. Following the completion of the acquisition, the director owned 13,933 shares of the company's stock, valued at C$1,421,166. The trade was a 1,393.35% increase in their position. Also, insider John Kenneth Brooks sold 14,845 shares of the company's stock in a transaction on Friday, January 30th. The shares were sold at an average price of C$103.53, for a total value of C$1,536,902.85. Insiders own 0.03% of the company's stock.

About Canadian Pacific Kansas City

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.

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