JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Canadian Pacific Kansas City (TSE:CP) Stock

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 boosted by equities research analysts at JPMorgan Chase & Co. from C$125.00 to C$131.00 in a research report issued to clients and investors on Thursday,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 30.27% from the stock's previous close.

A number of other brokerages also recently issued reports on CP. National Bankshares raised Canadian Pacific Kansas City from a "sector perform" rating to an "outperform" rating and set a C$119.00 price target on the stock in a research report on Thursday. ATB Capital reduced their price target on Canadian Pacific Kansas City from C$124.00 to C$123.00 and set an "outperform" rating on the stock in a research report on Monday, July 7th. UBS Group increased their price target on Canadian Pacific Kansas City from C$113.00 to C$116.00 in a research report on Thursday, May 1st. TD Securities increased their price target on Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the stock a "hold" rating in a research report on Thursday. Finally, The Goldman Sachs Group downgraded Canadian Pacific Kansas City from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of C$119.46.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock traded down C$1.34 on Thursday, hitting C$100.56. The stock had a trading volume of 1,609,193 shares, compared to its average volume of 1,617,576. The stock has a market cap of C$93.99 billion, a price-to-earnings ratio of 26.55, a price-to-earnings-growth 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. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64. The business's 50 day moving average is C$109.20 and its two-hundred day moving average is C$107.74.

Insider Transactions at Canadian Pacific Kansas City

In related news, Senior Officer Keith E. Creel sold 170,227 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of C$110.59, for a total value of C$18,825,910.53. Also, Senior Officer John Kenneth Brooks sold 37,420 shares of the company'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. Over the last three months, insiders have sold 343,599 shares of company stock worth $38,107,437. 0.03% of the stock is owned by 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.