Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$137.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has raised the price target for Canadian Pacific Kansas City (TSE:CP) from C$131.00 to C$137.00, indicating a potential upside of 26.23% from the current stock price.
• Multiple analysts have given the stock various ratings, with four indicating a Strong Buy and a consensus rating of Buy with an average price target of C$119.77.
• Currently, Canadian Pacific Kansas City shares have fluctuated between a 12-month low of C$94.60 and a high of C$118.80, and the firm has a market capitalization of C$99.63 billion.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP had its price target hoisted by research analysts at JPMorgan Chase & Co. from C$131.00 to C$137.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 26.23% from the stock's current price.

A number of other analysts have also issued reports on the company. National Bank Financial upgraded Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Desjardins decreased their price objective on Canadian Pacific Kansas City from C$123.00 to C$120.00 and set a "buy" rating on the stock in a research note on Monday. Sanford C. Bernstein boosted their price objective on Canadian Pacific Kansas City from C$120.00 to C$121.00 in a research note on Tuesday, September 30th. ATB Capital boosted their price objective on Canadian Pacific Kansas City from C$123.00 to C$124.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, Scotiabank decreased their target price on Canadian Pacific Kansas City from C$122.00 to C$119.00 and set an "outperform" rating on the stock in a research note on Friday, October 3rd. Four research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of C$119.77.

Canadian Pacific Kansas City Stock Performance

Shares of TSE:CP traded up C$0.05 during midday trading on Wednesday, reaching C$108.53. 496,172 shares of the company traded hands, compared to its average volume of 1,633,197. 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 12 month low of C$94.60 and a 12 month high of C$118.80. The firm has a market capitalization of C$99.63 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The firm's fifty day moving average price is C$104.01 and its two-hundred day moving average price is C$105.71.

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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