National Bankshares Raises Canadian Pacific Kansas City (TSE:CP) Price Target to C$119.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price hoisted by investment analysts at National Bankshares from C$107.00 to C$119.00 in a report issued on Thursday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ price target suggests a potential upside of 11.03% from the company’s current price.

Several other equities analysts have also issued reports on CP. JPMorgan Chase & Co. increased their target price on Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Royal Bank of Canada raised their price objective on shares of Canadian Pacific Kansas City from C$133.00 to C$137.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Sanford C. Bernstein cut their target price on shares of Canadian Pacific Kansas City from C$126.00 to C$125.00 in a research note on Wednesday, October 9th. TD Securities boosted 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 research note on Wednesday, July 31st. Finally, ATB Capital increased their price objective on Canadian Pacific Kansas City from C$130.00 to C$133.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$120.93.

Canadian Pacific Kansas City Price Performance

CP stock opened at C$107.18 on Thursday. Canadian Pacific Kansas City has a 52-week low of C$94.45 and a 52-week high of C$123.37. The business has a fifty day moving average of C$112.38 and a two-hundred day moving average of C$111.53. The stock has a market cap of C$100.01 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 50.47.

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, topping analysts’ consensus estimates 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 firm had revenue of C$3.60 billion during the quarter, compared to the consensus estimate of C$3.55 billion. As a group, research analysts anticipate that Canadian Pacific Kansas City will post 4.3438583 earnings per share 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 Canadian Pacific Kansas City 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 Laird Joseph Pitz sold 5,480 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of C$79.71, for a total value of C$436,796.55. 0.03% of the stock is 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.