Canadian Pacific Kansas City (TSE:CP) Reaches New 52-Week High After Analyst Upgrade

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP)’s share price hit a new 52-week high on Thursday after BMO Capital Markets raised their price target on the stock from C$126.00 to C$132.00. The stock traded as high as C$115.67 and last traded at C$115.44, with a volume of 252058 shares trading hands. The stock had previously closed at C$114.73.

A number of other equities analysts have also recently weighed in on the company. Sanford C. Bernstein dropped their price target on Canadian Pacific Kansas City from C$121.00 to C$114.00 in a research note on Tuesday, November 11th. Scotiabank raised 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 report on Wednesday, January 21st. Canadian Imperial Bank of Commerce boosted their price target on shares of Canadian Pacific Kansas City from C$122.00 to C$123.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Desjardins set a C$130.00 price target on shares of Canadian Pacific Kansas City and gave the company a “buy” rating in a research report on Thursday, January 29th. Finally, Royal Bank Of Canada lowered their price objective on shares of Canadian Pacific Kansas City from C$127.00 to C$124.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$119.57.

Insider Transactions at Canadian Pacific Kansas City

In related news, insider Cassandra P. Quach sold 4,135 shares of the firm’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of C$102.35, for a total transaction of C$423,217.25. Also, Director Marc Parent acquired 13,000 shares of the stock in a transaction that occurred on Friday, January 30th. The shares were bought at an average cost of C$102.00 per share, for a total transaction of C$1,326,000.00. Following the completion of the transaction, the director directly owned 13,933 shares of the company’s stock, valued at C$1,421,166. This represents a 1,393.35% increase in their position. 0.03% of the stock is owned by insiders.

Canadian Pacific Kansas City Stock Performance

The firm has a market cap of C$104.53 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 2.32 and a beta of 0.88. The firm’s 50 day moving average is C$103.93 and its 200-day moving average is C$103.46. The company has a debt-to-equity ratio of 49.64, a quick ratio of 0.42 and a current ratio of 0.53.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings results on Wednesday, January 28th. The company reported C$1.33 earnings per share for the quarter. The company had revenue of C$3.92 billion during the quarter. Canadian Pacific Kansas City had a return on equity of 8.22% and a net margin of 24.50%. Sell-side analysts anticipate that Canadian Pacific Kansas City Limited 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.