National Bankshares Issues Pessimistic Forecast for Canadian Pacific Kansas City (TSE:CP) Stock Price

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price reduced by National Bankshares from C$124.00 to C$119.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ price objective points to a potential upside of 19.53% from the company’s current price.

A number of other equities analysts also recently commented on the company. Scotiabank dropped their price objective on Canadian Pacific Kansas City from C$122.00 to C$119.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. ATB Capital boosted their target price on shares of Canadian Pacific Kansas City from C$124.00 to C$125.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 15th. JPMorgan Chase & Co. dropped their price target on shares of Canadian Pacific Kansas City from C$137.00 to C$124.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Desjardins lifted their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$133.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Finally, CIBC upped their price objective on shares of Canadian Pacific Kansas City from C$122.00 to C$123.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$120.23.

Canadian Pacific Kansas City Trading Down 0.5%

TSE CP opened at C$99.56 on Thursday. Canadian Pacific Kansas City has a 1-year low of C$94.60 and a 1-year high of C$118.80. 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 company has a market capitalization of C$89.69 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 2.32 and a beta of 0.88. The firm’s fifty day simple moving average is C$100.77 and its 200-day simple moving average is C$103.86.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its earnings results on Wednesday, October 29th. The company reported C$1.10 EPS for the quarter. Canadian Pacific Kansas City had a return on equity of 8.22% and a net margin of 24.50%.The firm had revenue of C$3.66 billion for the quarter. As a group, sell-side analysts anticipate that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.

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.