Canadian Pacific Kansas City (TSE:CP) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target hoisted by investment analysts at Royal Bank Of Canada from C$124.00 to C$128.00 in a report released on Thursday,BayStreet.CA reports. Royal Bank Of Canada’s target price would suggest a potential upside of 17.82% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Scotiabank increased their target price on shares of Canadian Pacific Kansas City from C$119.00 to C$124.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. National Bank Financial downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Citigroup decreased their price objective on Canadian Pacific Kansas City from C$88.00 to C$86.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. BMO Capital Markets lifted their target price on Canadian Pacific Kansas City from C$126.00 to C$132.00 in a research note on Thursday, February 19th. Finally, TD Securities dropped their target price on Canadian Pacific Kansas City from C$116.00 to C$112.00 and set a “hold” rating on the stock in a report on Thursday, January 29th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$119.86.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at C$108.64 on Thursday. The stock’s 50-day moving average is C$110.17 and its two-hundred day moving average is C$105.11. The company has a debt-to-equity ratio of 50.54, a quick ratio of 0.42 and a current ratio of 0.49. Canadian Pacific Kansas City has a 1 year low of C$94.60 and a 1 year high of C$122.25. The firm has a market cap of C$97.48 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 2.32 and a beta of 1.14.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings results on Wednesday, January 28th. The company reported C$1.33 EPS for the quarter. Canadian Pacific Kansas City had a return on equity of 8.90% and a net margin of 27.46%.The company had revenue of C$3.92 billion for the quarter. Analysts predict that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current year.

Insider Activity

In related news, Director Marc Parent acquired 13,000 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were purchased at an average price of C$102.00 per share, with a total value of C$1,326,000.00. Following the completion of the acquisition, the director owned 13,933 shares in the company, valued at approximately C$1,421,166. This represents a 1,393.35% increase in their ownership of the stock. Also, insider John Kenneth Brooks sold 14,845 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of C$103.53, for a total value of C$1,536,902.85. 0.03% of the stock is owned by company insiders.

Canadian Pacific Kansas City Company Profile

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.