Citigroup Reiterates C$97.00 Price Target for Canadian Pacific Kansas City (TSE:CP)

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) has been given a C$97.00 price objective by stock analysts at Citigroup in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential downside of 11.53% from the stock’s previous close.

A number of other equities analysts have also issued reports on CP. Royal Bank of Canada raised their target price on Canadian Pacific Kansas City from C$133.00 to C$137.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. National Bankshares set a C$119.00 target price on Canadian Pacific Kansas City and gave the stock a “sector perform” rating in a report on Thursday, June 27th. TD Securities increased their price target on shares of Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Barclays upped their price objective 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, Scotiabank upgraded 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 research report on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$121.13.

Canadian Pacific Kansas City Stock Down 0.3 %

Shares of CP stock traded down C$0.37 during trading hours on Wednesday, reaching C$109.64. 523,147 shares of the company’s stock were exchanged, compared to its average volume of 1,295,073. The stock’s 50 day moving average is C$112.19 and its 200-day moving average is C$112.15. 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 market cap of C$102.31 billion, a price-to-earnings ratio of 29.39, a P/E/G ratio of 2.32 and a beta of 0.79. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 50.47.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings data 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. The firm had revenue of C$3.60 billion for the quarter, compared to the consensus estimate of C$3.55 billion. Canadian Pacific Kansas City had a net margin of 24.46% and a return on equity of 8.10%. Analysts predict that Canadian Pacific Kansas City will post 5.1435688 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 stock in a transaction dated 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 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 stock was sold at an average price of C$112.01, for a total value of C$2,430,629.59. Also, Senior Officer Laird Joseph Pitz sold 5,480 shares of Canadian Pacific Kansas City stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of C$79.71, for a total transaction of C$436,796.55. 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.