CIBC Has Lowered Expectations for Canadian Pacific Kansas City (TSE:CP) Stock Price

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target cut by research analysts at CIBC from C$128.00 to C$124.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s target price suggests a potential upside of 18.41% from the stock’s previous close.

A number of other analysts have also recently issued reports on the company. Stephens raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Desjardins boosted their price target on shares of Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. ATB Capital increased their price objective on Canadian Pacific Kansas City from C$129.00 to C$130.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Finally, Sanford C. Bernstein cut their price target on shares of Canadian Pacific Kansas City from C$123.00 to C$122.00 in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$123.43.

Canadian Pacific Kansas City Stock Performance

CP stock opened at C$104.72 on Tuesday. The firm has a market cap of C$97.88 billion, a PE ratio of 27.65, a P/E/G ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a 12-month low of C$101.76 and a 12-month high of C$121.35. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64. The business has a 50 day moving average of C$109.95 and a 200-day moving average of C$109.45.

Insiders Place Their Bets

In other Canadian Pacific Kansas City news, Senior Officer Laird Joseph Pitz sold 18,710 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of C$116.16, for a total value of C$2,173,430.39. 0.03% of the stock is owned by company insiders.

Canadian Pacific Kansas City Company Profile

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.