Royal Bank of Canada Raises Canadian Pacific Kansas City (TSE:CP) Price Target to C$137.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target boosted by investment analysts at Royal Bank of Canada from C$133.00 to C$137.00 in a research note issued on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 18.94% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$124.00 to C$130.00 in a research report on Wednesday, July 10th. TD Securities raised their price objective on shares of Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price target on shares of Canadian Pacific Kansas City from C$123.00 to C$136.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Barclays upped their price target on shares of Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Finally, Sanford C. Bernstein increased their price target on shares of Canadian Pacific Kansas City from C$122.00 to C$126.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average target price of C$121.93.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock traded down C$0.36 during trading on Monday, reaching C$115.18. 396,582 shares of the stock traded hands, compared to its average volume of 1,297,330. The company has a market capitalization of C$107.48 billion, a price-to-earnings ratio of 30.78, a P/E/G ratio of 2.32 and a beta of 0.79. The business has a fifty day simple moving average of C$112.44 and a two-hundred day simple moving average of C$112.57. The company has a debt-to-equity ratio of 50.47, a current ratio of 0.51 and a quick ratio of 0.42. Canadian Pacific Kansas City has a 52-week low of C$94.45 and a 52-week high of C$123.37.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its earnings results on Tuesday, July 30th. The company reported C$1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.01 by C$0.04. Canadian Pacific Kansas City had a return on equity of 8.10% and a net margin of 24.46%. The business had revenue of C$3.60 billion during the quarter, compared to analyst estimates of C$3.55 billion. Sell-side analysts expect that Canadian Pacific Kansas City will post 5.090035 EPS for the current year.

Insider Buying and Selling

In other Canadian Pacific Kansas City news, Senior Officer John Kenneth Brooks sold 21,700 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total value of C$2,430,629.59. In other news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$79.71, for a total transaction of C$436,796.55. Also, Senior Officer John Kenneth Brooks sold 21,700 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total transaction of C$2,430,629.59. Over the last quarter, insiders sold 87,105 shares of company stock worth $9,340,938. Corporate insiders own 0.03% of the company’s stock.

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.