Desjardins Lowers Canadian Pacific Kansas City (TSE:CP) Price Target to C$129.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target lowered by stock analysts at Desjardins from C$130.00 to C$129.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective would indicate a potential upside of 18.96% from the company’s current price.

A number of other research firms have also recently weighed in on CP. Citigroup lowered 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. Sanford C. Bernstein upped their target price on Canadian Pacific Kansas City from C$117.00 to C$125.00 in a research report on Tuesday. National Bank Financial cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Royal Bank Of Canada raised their price target on Canadian Pacific Kansas City from C$124.00 to C$128.00 in a report on Thursday, March 26th. Finally, BMO Capital Markets boosted their price target on Canadian Pacific Kansas City from C$126.00 to C$132.00 in a research note on Thursday, February 19th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus target price of C$120.23.

Canadian Pacific Kansas City Trading Down 0.9%

TSE:CP opened at C$108.44 on Tuesday. Canadian Pacific Kansas City has a 52 week low of C$94.60 and a 52 week high of C$122.25. The firm has a 50 day moving average of C$110.74 and a 200 day moving average of C$105.22. The company has a quick ratio of 0.42, a current ratio of 0.49 and a debt-to-equity ratio of 50.54. The stock has a market capitalization of C$97.30 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 2.32 and a beta of 1.14.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its earnings results on Wednesday, January 28th. The company reported C$1.33 earnings per share for the quarter. Canadian Pacific Kansas City had a net margin of 27.46% and a return on equity of 8.90%. The company had revenue of C$3.92 billion during 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.

Insiders Place Their Bets

In other news, Director Marc Parent bought 13,000 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The shares were purchased at an average cost of C$102.00 per share, with a total value of C$1,326,000.00. Following the transaction, the director directly owned 13,933 shares in the company, valued at approximately C$1,421,166. The trade was a 1,393.35% increase in their ownership of the stock. Also, insider John Kenneth Brooks sold 14,845 shares of the company’s stock in a transaction on Friday, January 30th. The shares were 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 insiders.

About Canadian Pacific Kansas City

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.