Canadian Pacific Kansas City (TSE:CP) Stock Price Expected to Rise, Scotiabank Analyst Says

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective boosted by research analysts at Scotiabank from C$119.00 to C$124.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s target price points to a potential upside of 24.17% from the stock’s previous close.

A number of other equities analysts have also commented on the stock. Sanford C. Bernstein reduced their target price on shares of Canadian Pacific Kansas City from C$121.00 to C$114.00 in a research report on Tuesday, November 11th. TD Securities dropped their price objective on Canadian Pacific Kansas City from C$119.00 to C$116.00 in a research note on Friday, January 16th. CIBC lifted their target price 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. Royal Bank Of Canada upped 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. Finally, National Bankshares dropped their price target 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 report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$120.23.

Canadian Pacific Kansas City Price Performance

CP stock opened at C$99.86 on Wednesday. The stock has a market cap of C$89.96 billion, a PE ratio of 21.71, a P/E/G ratio of 2.32 and a beta of 0.88. Canadian Pacific Kansas City has a 12 month low of C$94.60 and a 12 month high of C$118.80. The company has a 50-day moving average price of C$100.79 and a 200 day moving average price of C$103.30. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings data on Wednesday, October 29th. The company reported C$1.10 earnings per share (EPS) for the quarter. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.22%. The business had revenue of C$3.66 billion during the quarter. Equities research analysts anticipate that Canadian Pacific Kansas City will post 4.3438583 earnings per share 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.