Desjardins Reiterates C$130.00 Price Target for Canadian Pacific Kansas City (TSE:CP)

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) received a C$130.00 target price from equities researchers at Desjardins in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target indicates a potential upside of 27.25% from the stock’s previous close.

A number of other analysts have also recently issued reports on the stock. TD Securities reduced their target price on shares of Canadian Pacific Kansas City from C$119.00 to C$116.00 in a research note on Friday, January 16th. Scotiabank raised their target price on Canadian Pacific Kansas City from C$119.00 to C$124.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Citigroup reduced their price target on Canadian Pacific Kansas City from C$88.00 to C$86.00 and set a “buy” rating for the company in a research report on Thursday. Natl Bk Canada lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Finally, 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 note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$118.62.

Canadian Pacific Kansas City Stock Up 5.0%

Canadian Pacific Kansas City stock traded up C$4.88 during midday trading on Thursday, hitting C$102.16. The stock had a trading volume of 1,951,077 shares, compared to its average volume of 1,672,649. 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 business has a fifty day moving average price of C$100.85 and a 200 day moving average price of C$102.90. Canadian Pacific Kansas City has a 12 month low of C$94.60 and a 12 month high of C$118.80. The stock has a market cap of C$92.03 billion, a P/E ratio of 22.21, a P/E/G ratio of 2.32 and a beta of 0.88.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings results on Wednesday, January 28th. The company reported C$1.33 earnings per share (EPS) for the quarter. The company had revenue of C$3.92 billion for the quarter. Canadian Pacific Kansas City had a return on equity of 8.22% and a net margin of 24.50%. Research analysts predict that Canadian Pacific Kansas City will post 4.3438583 EPS for the current year.

Insiders Place Their Bets

In related news, insider Cassandra P. Quach sold 4,135 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of C$102.35, for a total value of C$423,217.25. 0.03% of the stock is currently owned by insiders.

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.