Canadian Pacific Kansas City (TSE:CP) Given New C$131.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has raised its price target for Canadian Pacific Kansas City (TSE:CP) from C$125.00 to C$131.00, suggesting a possible upside of 28.28% from the current price.
• Despite JPMorgan's positive outlook, other analysts have recently lowered their targets, with Barclays reducing its price target from C$130.00 to C$125.00.
• Insider selling activity has been noted, with significant transactions amounting to over C$38 million in the last quarter, indicating a decrease in insider ownership to 0.03%.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP had its price objective raised by equities research analysts at JPMorgan Chase & Co. from C$125.00 to C$131.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price points to a potential upside of 30.27% from the stock's current price.

CP has been the subject of several other research reports. The Goldman Sachs Group downgraded shares of Canadian Pacific Kansas City from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 2nd. ATB Capital decreased their price objective on shares of Canadian Pacific Kansas City from C$124.00 to C$123.00 and set an "outperform" rating for the company in a research note on Monday, July 7th. TD Securities upped 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 note on Thursday. Barclays decreased their price objective on shares of Canadian Pacific Kansas City from C$130.00 to C$125.00 in a research note on Wednesday, April 2nd. Finally, National Bankshares upgraded shares of Canadian Pacific Kansas City from a "sector perform" rating to an "outperform" rating and set a C$119.00 price objective for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of C$119.46.

Canadian Pacific Kansas City Stock Down 1.3%

Shares of CP stock traded down C$1.34 on Thursday, reaching C$100.56. 1,609,193 shares of the stock were exchanged, compared to its average volume of 1,617,576. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64. The business's 50 day moving average price is C$109.20 and its 200 day moving average price is C$107.73. The company has a market capitalization of C$93.99 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a twelve month low of C$94.60 and a twelve month high of C$119.20.

Insider Activity

In related news, Senior Officer Keith E. Creel sold 170,227 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of C$110.59, for a total transaction of C$18,825,910.53. Also, Senior Officer Maeghan Dawn Albiston sold 12,950 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of C$112.04, for a total transaction of C$1,450,853.25. Insiders sold a total of 343,599 shares of company stock valued at $38,107,437 over the last ninety days. 0.03% of the stock is currently 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.