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

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) was downgraded by equities research analysts at Natl Bk Canada from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

A number of other research firms have also recently commented on CP. National Bankshares lowered their target price on Canadian Pacific Kansas City from C$124.00 to C$119.00 and set a “sector perform” rating for the company in a research note on Thursday. CIBC raised their price objective on Canadian Pacific Kansas City from C$122.00 to C$123.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Sanford C. Bernstein dropped their target price on shares of Canadian Pacific Kansas City from C$121.00 to C$114.00 in a report on Tuesday, November 11th. JPMorgan Chase & Co. decreased their price target on shares of Canadian Pacific Kansas City from C$137.00 to C$124.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, Scotiabank lowered 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 research report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$120.23.

Canadian Pacific Kansas City Trading Down 0.5%

Shares of CP opened at C$99.56 on Thursday. Canadian Pacific Kansas City has a 1-year low of C$94.60 and a 1-year high of C$118.80. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64. The firm’s 50-day moving average price is C$100.77 and its 200-day moving average price is C$103.86. The firm has a market capitalization of C$89.69 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 2.32 and a beta of 0.88.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings data on Wednesday, October 29th. The company reported C$1.10 EPS for the quarter. The business had revenue of C$3.66 billion during the quarter. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.22%. Sell-side analysts anticipate that Canadian Pacific Kansas City will post 4.3438583 EPS for the current year.

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.