National Bankshares Cuts Canadian Pacific Kansas City (TSE:CP) Price Target to C$119.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price decreased by National Bankshares from C$124.00 to C$119.00 in a research note released on Thursday morning,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

CP has been the subject of a number of other reports. Desjardins upped their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$133.00 and gave the company a “buy” rating in a report on Friday, December 12th. ATB Capital upped their price objective on Canadian Pacific Kansas City from C$124.00 to C$125.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. Sanford C. Bernstein decreased their price objective on Canadian Pacific Kansas City from C$121.00 to C$114.00 in a research report on Tuesday, November 11th. Royal Bank Of Canada boosted their target price on Canadian Pacific Kansas City from C$129.00 to C$137.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Finally, Scotiabank cut their price target on Canadian Pacific Kansas City from C$122.00 to C$119.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. One research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus target price of C$120.23.

Canadian Pacific Kansas City Stock Down 0.5%

Shares of TSE CP opened at C$99.56 on Thursday. The stock 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 has a 12-month low of C$94.60 and a 12-month high of C$118.80. The company has a 50-day moving average of C$100.77 and a 200 day moving average of C$103.83. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64.

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