Royal Bank Of Canada Issues Positive Forecast for Canadian Pacific Kansas City (TSE:CP) Stock Price

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective upped by equities researchers at Royal Bank Of Canada from C$139.00 to C$145.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 18.51% from the company’s current price.

Several other equities research analysts have also recently commented on CP. Stephens upgraded Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. Raymond James Financial upped their price objective on shares of Canadian Pacific Kansas City from C$125.00 to C$140.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 14th. Scotiabank boosted their price target on shares of Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 16th. ATB Cormark Capital Markets increased their price target on shares of Canadian Pacific Kansas City from C$130.00 to C$137.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Finally, Citizens Jmp raised Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$134.36.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock traded down C$6.01 during trading hours on Thursday, hitting C$122.35. The stock had a trading volume of 770,872 shares, compared to its average volume of 1,449,028. The firm has a market capitalization of C$108.61 billion, a PE ratio of 27.31, a PEG ratio of 2.32 and a beta of 1.28. Canadian Pacific Kansas City has a twelve month low of C$96.50 and a twelve month high of C$131.89. The stock’s 50 day moving average is C$125.23 and its 200 day moving average is C$116.08. The company has a debt-to-equity ratio of 52.35, a current ratio of 0.67 and a quick ratio of 0.42.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its earnings results on Wednesday, July 29th. The company reported C$1.27 EPS for the quarter. Canadian Pacific Kansas City had a net margin of 27.03% and a return on equity of 8.78%. The business had revenue of C$4.16 billion for the quarter. As a group, research analysts forecast that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.

Insider Transactions at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, insider James Dominic Luther Clements sold 21,035 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of C$125.68, for a total transaction of C$2,643,678.80. Also, insider Cassandra P. Quach sold 4,015 shares of Canadian Pacific Kansas City stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of C$124.82, for a total transaction of C$501,152.30. Insiders sold 99,515 shares of company stock worth $12,279,066 in the last 90 days. Insiders own 0.03% of the company’s stock.

About Canadian Pacific Kansas City

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.