Barclays Boosts Canadian Pacific Kansas City (TSE:CP) Price Target to C$97.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target upped by Barclays from C$95.00 to C$97.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Barclays‘s target price indicates a potential downside of 15.85% from the stock’s current price.

Other research analysts have also recently issued reports about the company. TD Securities lifted their price target on Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$124.00 to C$130.00 in a report on Wednesday, July 10th. ATB Capital lifted their price target on Canadian Pacific Kansas City from C$130.00 to C$133.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Sanford C. Bernstein lifted their price target on Canadian Pacific Kansas City from C$122.00 to C$126.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Finally, Desjardins lifted their price target on Canadian Pacific Kansas City from C$131.00 to C$132.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$121.67.

Canadian Pacific Kansas City Stock Performance

CP traded down C$0.82 during trading on Wednesday, reaching C$115.27. 245,134 shares of the company’s stock were exchanged, compared to its average volume of 1,288,697. Canadian Pacific Kansas City has a fifty-two week low of C$94.45 and a fifty-two week high of C$123.37. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 50.47. The business has a 50 day moving average price of C$112.41 and a 200 day moving average price of C$112.69. The company has a market capitalization of C$107.56 billion, a P/E ratio of 30.82, a PEG ratio of 2.32 and a beta of 0.79.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.01 by C$0.04. The company had revenue of C$3.60 billion during the quarter, compared to analysts’ expectations of C$3.55 billion. Canadian Pacific Kansas City had a return on equity of 8.10% and a net margin of 24.46%. As a group, analysts predict that Canadian Pacific Kansas City will post 5.090035 earnings per share for the current fiscal year.

Insider Transactions at Canadian Pacific Kansas City

In other news, Senior Officer John Kenneth Brooks sold 21,700 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of C$112.01, for a total transaction of C$2,430,629.59. In related news, Senior Officer John Kenneth Brooks sold 21,700 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of C$112.01, for a total value of C$2,430,629.59. Also, Senior Officer Keith E. Creel sold 59,925 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of C$108.03, for a total value of C$6,473,511.98. In the last ninety days, insiders sold 87,105 shares of company stock worth $9,340,938. 0.03% of the stock is currently owned by company insiders.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.