Desjardins Lowers Canadian Pacific Kansas City (TSE:CP) Price Target to C$120.00

Key Points

• Desjardins has lowered the price target for Canadian Pacific Kansas City from C$123.00 to C$120.00, maintaining a "buy" rating with a potential upside of 10.54%.
• Other analysts have varied price targets for the stock, with CIBC at C$122.00 and Citigroup reducing it to C$90.00, while National Bankshares increased it to C$124.00.
• Currently, Canadian Pacific Kansas City is trading at C$108.56 with a market capitalization of C$99.66 billion, reflecting its ongoing performance in the rail industry.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP had its price objective decreased by research analysts at Desjardins from C$123.00 to C$120.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Desjardins' price objective indicates a potential upside of 10.54% from the company's previous close.

Other research analysts have also recently issued reports about the stock. CIBC decreased their price objective on shares of Canadian Pacific Kansas City from C$124.00 to C$122.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. TD Securities raised their price objective on shares of Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the company a "hold" rating in a research report on Thursday, July 31st. Citigroup cut their target price on shares of Canadian Pacific Kansas City from C$94.00 to C$90.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. National Bankshares lifted their price target on Canadian Pacific Kansas City from C$119.00 to C$124.00 and gave the stock an "outperform" rating in a research note on Thursday, September 18th. Finally, ATB Capital raised 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 report on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of C$119.31.

Canadian Pacific Kansas City Price Performance

TSE:CP traded up C$0.29 during trading hours on Monday, hitting C$108.56. The stock had a trading volume of 669,781 shares, compared to its average volume of 1,623,962. The firm has a market capitalization of C$99.66 billion, a price-to-earnings ratio of 24.18, a P/E/G ratio of 2.32 and a beta of 1.03. 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 50 day simple moving average of C$103.87 and a two-hundred day simple moving average of C$105.66. The company has a debt-to-equity ratio of 49.64, a current ratio of 0.53 and a quick ratio of 0.42.

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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