Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$124.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price boosted by Scotiabank from C$119.00 to C$124.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Several other research firms have also commented on CP. Sanford C. Bernstein cut their price target on Canadian Pacific Kansas City from C$121.00 to C$114.00 in a research report on Tuesday, November 11th. TD Securities lowered their target price on shares of Canadian Pacific Kansas City from C$119.00 to C$116.00 in a research report on Friday, January 16th. National Bankshares reduced their price target on shares of Canadian Pacific Kansas City from C$124.00 to C$119.00 and set a “sector perform” rating for the company in a research report on Thursday, January 8th. Desjardins decreased their price target on shares of Canadian Pacific Kansas City from C$133.00 to C$130.00 and set a “buy” rating for the company in a research note on Monday, January 12th. Finally, ATB Capital raised their price objective 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 report on Wednesday, October 15th. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price of C$120.23.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at C$99.77 on Wednesday. The company has a debt-to-equity ratio of 49.64, a current ratio of 0.53 and a quick ratio of 0.42. Canadian Pacific Kansas City has a 1-year low of C$94.60 and a 1-year high of C$118.80. The stock has a market cap of C$89.88 billion, a PE ratio of 21.69, a price-to-earnings-growth ratio of 2.32 and a beta of 0.88. The firm has a fifty day moving average price of C$100.81 and a 200 day moving average price of C$103.23.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings data on Wednesday, October 29th. The company reported C$1.10 earnings per share (EPS) for the quarter. Canadian Pacific Kansas City had a return on equity of 8.22% and a net margin of 24.50%.The company had revenue of C$3.66 billion for the quarter. As a group, 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.