Canadian Pacific Kansas City (TSE:CP) Lowered to Hold Rating by Natl Bk Canada

Natl Bk Canada cut shares of Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday morning,Zacks.com reports.

A number of other equities analysts also recently issued reports on CP. ATB Capital increased their price target on Canadian Pacific Kansas City from C$124.00 to C$125.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 15th. National Bankshares decreased their target price 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. Sanford C. Bernstein dropped their price target on shares of Canadian Pacific Kansas City from C$121.00 to C$114.00 in a research note on Tuesday, November 11th. Scotiabank cut their price target on shares of Canadian Pacific Kansas City from C$122.00 to C$119.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Finally, CIBC increased their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$120.23.

Canadian Pacific Kansas City Stock Down 0.5%

CP stock opened at C$99.56 on Thursday. Canadian Pacific Kansas City has a one year low of C$94.60 and a one year high of C$118.80. The company has a debt-to-equity ratio of 49.64, a quick ratio of 0.42 and a current ratio of 0.53. The firm’s fifty day moving average is C$100.77 and its 200 day moving average is C$103.86. The firm has a market cap of C$89.69 billion, a PE ratio of 21.64, a P/E/G ratio of 2.32 and a beta of 0.88.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its earnings results 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 for the quarter. On average, research analysts forecast that Canadian Pacific Kansas City will post 4.3438583 EPS for the current 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.