Canadian Pacific Kansas City (TSE:CP) Stock Price Expected to Rise, Sanford C. Bernstein Analyst Says

Key Points

• Analysts at Sanford C. Bernstein have raised their price target for Canadian Pacific Kansas City (TSE:CP) from C$120.00 to C$121.00, implying a potential upside of 17.49% from the previous close.
• Despite the optimistic outlook from some analysts, Goldman Sachs downgraded the stock from a "strong-buy" rating to a "hold" on June 2nd.
• The current consensus rating for Canadian Pacific Kansas City is "Buy," with an average price target of C$119.77, as indicated by data from MarketBeat.com.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP had its price objective raised by investment analysts at Sanford C. Bernstein from C$120.00 to C$121.00 in a note issued to investors on Tuesday,BayStreet.CA reports. Sanford C. Bernstein's price objective points to a potential upside of 17.49% from the company's previous close.

A number of other brokerages also recently issued reports on CP. The Goldman Sachs Group downgraded Canadian Pacific Kansas City from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 2nd. 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. Citigroup cut their price objective on Canadian Pacific Kansas City from C$94.00 to C$90.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. 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 research note on Thursday, September 18th. Finally, Raymond James Financial boosted their price objective 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. Four research 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$119.77.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock traded up C$0.71 during trading hours on Tuesday, reaching C$102.99. 622,551 shares of the stock traded hands, compared to its average volume of 1,624,366. The company has a 50 day moving average price of C$103.84 and a 200 day moving average price of C$105.68. The firm has a market capitalization of C$94.54 billion, a price-to-earnings ratio of 22.94, a P/E/G ratio of 2.32 and a beta of 1.08. Canadian Pacific Kansas City has a one year low of C$94.60 and a one year high of C$118.80. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64.

Insider Activity

In other news, Senior Officer Pamela Lynne Arpin sold 8,500 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of C$109.81, for a total transaction of C$933,389.25. 0.03% of the stock is owned by company 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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