Desjardins Issues Pessimistic Forecast for Canadian Pacific Kansas City (TSE:CP) Stock Price

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price reduced by stock analysts at Desjardins from C$133.00 to C$130.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 31.78% from the stock’s previous close.

Other analysts have also issued research reports about the stock. CIBC lifted their price objective on shares of Canadian Pacific Kansas City from C$122.00 to C$123.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. ATB Capital raised their price target on shares of Canadian Pacific Kansas City from C$124.00 to C$125.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. Scotiabank dropped their price objective on Canadian Pacific Kansas City from C$122.00 to C$119.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Royal Bank Of Canada raised their target price on Canadian Pacific Kansas City from C$129.00 to C$137.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Finally, Sanford C. Bernstein dropped their price target on Canadian Pacific Kansas City from C$121.00 to C$114.00 in a research report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$120.00.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock traded down C$0.91 during mid-day trading on Monday, reaching C$98.65. 614,031 shares of the company’s stock were exchanged, compared to its average volume of 1,784,393. The business’s fifty day simple moving average is C$100.77 and its 200 day simple moving average is C$103.81. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64. Canadian Pacific Kansas City has a one year low of C$94.60 and a one year high of C$118.80. The firm has a market capitalization of C$88.87 billion, a PE ratio of 21.45, a P/E/G ratio of 2.32 and a beta of 0.88.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its earnings results on Wednesday, October 29th. The company reported C$1.10 earnings per share (EPS) for the quarter. The firm had revenue of C$3.66 billion during the quarter. Canadian Pacific Kansas City had a return on equity of 8.22% and a net margin of 24.50%. On average, sell-side analysts expect that Canadian Pacific Kansas City will post 4.3438583 earnings per share 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.