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

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price increased by equities research analysts at BMO Capital Markets from C$126.00 to C$132.00 in a research report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 14.05% from the stock’s previous close.

CP has been the subject of a number of other reports. Scotiabank boosted their price target on shares of Canadian Pacific Kansas City from C$119.00 to C$124.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. JPMorgan Chase & Co. reduced their target price on Canadian Pacific Kansas City from C$137.00 to C$124.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. National Bank Financial cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Royal Bank Of Canada dropped their price target on Canadian Pacific Kansas City from C$127.00 to C$124.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Finally, Desjardins set a C$130.00 price objective on shares of Canadian Pacific Kansas City and gave the stock a “buy” rating in a research report on Thursday, January 29th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average price target of C$119.57.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock traded up C$1.01 during trading on Thursday, reaching C$115.74. 477,069 shares of the company’s stock traded hands, compared to its average volume of 1,804,734. The firm’s 50-day moving average is C$103.42 and its 200 day moving average is C$103.26. The company has a market capitalization of C$103.90 billion, a P/E ratio of 25.66, a PEG ratio of 2.32 and a beta of 0.88. Canadian Pacific Kansas City has a 1 year low of C$94.60 and a 1 year high of C$116.08. 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 posted its earnings results on Wednesday, January 28th. The company reported C$1.33 earnings per share (EPS) for the quarter. The firm had revenue of C$3.92 billion for the quarter. Canadian Pacific Kansas City had a return on equity of 8.22% and a net margin of 24.50%. Equities research analysts expect that Canadian Pacific Kansas City will post 4.3438583 EPS for the current year.

Insiders Place Their Bets

In related news, insider John Kenneth Brooks sold 14,845 shares of Canadian Pacific Kansas City 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. Also, insider Cassandra P. Quach sold 4,135 shares of the business’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of C$102.35, for a total transaction of C$423,217.25. Insiders own 0.03% of the company’s stock.

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.