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

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target dropped by research analysts at Desjardins from C$133.00 to C$130.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ target price would indicate a potential upside of 32.60% from the stock’s previous close.

Several other research analysts have also recently issued reports on CP. National Bankshares decreased their price target on Canadian Pacific Kansas City from C$124.00 to C$119.00 and set a “sector perform” rating for the company in a research note on Thursday, January 8th. JPMorgan Chase & Co. lowered their price objective 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. Royal Bank Of Canada boosted their target price on Canadian Pacific Kansas City from C$129.00 to C$137.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. ATB Capital increased their price target on Canadian Pacific Kansas City from C$124.00 to C$125.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. Finally, CIBC lifted their price target on Canadian Pacific Kansas City from C$122.00 to C$123.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$120.00.

Canadian Pacific Kansas City Stock Down 1.3%

CP stock opened at C$98.04 on Monday. The stock has a market cap of C$88.32 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 2.32 and a beta of 0.88. The firm’s 50-day simple moving average is C$100.74 and its 200 day simple moving average is C$103.68. Canadian Pacific Kansas City has a fifty-two week low of C$94.60 and a fifty-two week high of C$118.80. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64.

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