Canadian Pacific Kansas City (TSE:CP) Stock Price Expected to Rise, Scotiabank Analyst Says

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP had its price target upped by research analysts at Scotiabank from C$115.00 to C$120.00 in a note issued to investors on Thursday,BayStreet.CA reports. Scotiabank's target price points to a potential upside of 6.35% from the stock's current price.

CP has been the topic of a number of other research reports. National Bankshares raised their price objective on Canadian Pacific Kansas City from C$117.00 to C$119.00 in a report on Wednesday. Barclays decreased their price objective on Canadian Pacific Kansas City from C$130.00 to C$125.00 in a report on Wednesday, April 2nd. Raymond James Financial decreased their price objective on Canadian Pacific Kansas City from C$130.00 to C$115.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. UBS Group raised their price objective on Canadian Pacific Kansas City from C$113.00 to C$116.00 in a report on Thursday, May 1st. Finally, The Goldman Sachs Group lowered Canadian Pacific Kansas City from a "strong-buy" rating to a "hold" rating in a report on Monday, June 2nd. One equities research 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 stock. According to MarketBeat, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and a consensus target price of C$120.23.

Canadian Pacific Kansas City Stock Performance

CP traded up C$1.38 during trading on Thursday, reaching C$112.83. 1,066,544 shares of the company's stock were exchanged, compared to its average volume of 1,609,496. The stock has a market capitalization of C$105.46 billion, a P/E ratio of 29.79, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a 1 year low of C$94.60 and a 1 year high of C$119.20. The company's fifty day simple moving average is C$109.54 and its 200-day simple moving average is C$107.67. The company has a debt-to-equity ratio of 49.64, a current ratio of 0.53 and a quick ratio of 0.42.

Insider Transactions at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer Maeghan Dawn Albiston sold 12,950 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of C$112.04, for a total value of C$1,450,853.25. Also, Senior Officer John Kenneth Brooks sold 37,420 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of C$111.43, for a total value of C$4,169,691.14. Insiders sold a total of 343,599 shares of company stock valued at $38,107,437 over the last three months. 0.03% of the stock is owned by corporate insiders.

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.