TD Securities Cuts Canadian Pacific Kansas City (TSE:CP) Price Target to C$116.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target cut by TD Securities from C$119.00 to C$116.00 in a report issued on Friday,BayStreet.CA reports.

Several other analysts have also recently commented on CP. ATB Capital boosted their price target 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 note on Wednesday, October 15th. CIBC lifted their target price on 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. Natl Bk Canada lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Sanford C. Bernstein cut their price target on Canadian Pacific Kansas City from C$121.00 to C$114.00 in a report on Tuesday, November 11th. Finally, National Bankshares reduced their price objective on Canadian Pacific Kansas City from C$124.00 to C$119.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of C$119.85.

Canadian Pacific Kansas City Trading Up 0.3%

Shares of CP opened at C$100.94 on Friday. The firm has a market cap of C$90.93 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 2.32 and a beta of 0.88. 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 has a 1 year low of C$94.60 and a 1 year high of C$118.80. The company has a 50 day simple moving average of C$100.86 and a two-hundred day simple moving average of C$103.50.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released 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 for the quarter. On average, equities analysts expect that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.

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.