TD Issues Positive Forecast for Canadian Pacific Kansas City (TSE:CP) Stock Price
by Amy Steele · The Cerbat GemCanadian Pacific Kansas City (TSE:CP – Get Free Report) (NYSE:CP) had its target price boosted by investment analysts at TD from C$112.00 to C$117.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD’s price objective suggests a potential upside of 5.19% from the stock’s previous close.
CP has been the subject of a number of other reports. Desjardins reduced their price objective on shares of Canadian Pacific Kansas City from C$130.00 to C$129.00 and set a “buy” rating for the company in a research note on Tuesday, March 31st. BMO Capital Markets raised their price target on shares of Canadian Pacific Kansas City from C$126.00 to C$132.00 in a report on Thursday, February 19th. Scotiabank raised their price target on shares of Canadian Pacific Kansas City from C$120.00 to C$122.00 and gave the company a “hold” rating in a report on Thursday. Royal Bank Of Canada raised their price target on shares of Canadian Pacific Kansas City from C$124.00 to C$128.00 in a report on Thursday, March 26th. Finally, National Bank Financial downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$119.86.
Get Our Latest Analysis on Canadian Pacific Kansas City
Canadian Pacific Kansas City Stock Performance
Canadian Pacific Kansas City stock traded down C$0.46 during mid-day trading on Monday, reaching C$111.23. The company’s stock had a trading volume of 742,975 shares, compared to its average volume of 1,643,775. Canadian Pacific Kansas City has a 12-month low of C$96.50 and a 12-month high of C$122.25. The company has a market capitalization of C$99.81 billion, a P/E ratio of 24.66, a PEG ratio of 2.32 and a beta of 1.13. The company has a debt-to-equity ratio of 50.54, a quick ratio of 0.42 and a current ratio of 0.49. The firm’s fifty day moving average price is C$112.33 and its two-hundred day moving average price is C$105.60.
Canadian Pacific Kansas City (TSE:CP – Get Free Report) (NYSE:CP) last released its quarterly earnings data 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 business had revenue of C$3.92 billion during the quarter. Sell-side analysts predict that Canadian Pacific Kansas City will post 4.3438583 EPS for the current fiscal year.
Insider Buying and Selling at Canadian Pacific Kansas City
In other 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 transaction of C$1,536,902.85. Also, Director Marc Parent acquired 13,000 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were bought at an average cost of C$102.00 per share, with a total value of C$1,326,000.00. Following the completion of the acquisition, the director directly owned 13,933 shares in the company, valued at C$1,421,166. The trade was a 1,393.35% increase in their position. 0.03% of the stock is owned by company insiders.
Canadian Pacific Kansas City Company Profile
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.