Canadian Pacific Kansas City (TSE:CP) Stock Price Target Raised at Scotia

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target raised by Scotia from C$143.00 to C$144.00 in a research note issued to investors on Thursday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. Scotia‘s target price indicates a potential upside of 16.81% from the company’s previous close.

Several other brokerages have also recently commented on CP. Citizens Jmp raised Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 15th. Scotiabank lifted their target price on shares of Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 16th. Stephens raised shares of Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 8th. Desjardins raised their price target on shares of Canadian Pacific Kansas City from C$141.00 to C$143.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, National Bank Financial lifted their price objective on shares of Canadian Pacific Kansas City from C$140.00 to C$142.00 and gave the company an “outperform” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$139.41.

Canadian Pacific Kansas City Stock Down 1.9%

CP traded down C$2.42 during trading on Thursday, reaching C$123.28. 1,015,036 shares of the stock traded hands, compared to its average volume of 1,374,610. The stock’s 50-day simple moving average is C$124.69 and its two-hundred day simple moving average is C$119.06. The company has a debt-to-equity ratio of 53.93, a current ratio of 0.59 and a quick ratio of 0.42. Canadian Pacific Kansas City has a fifty-two week low of C$96.50 and a fifty-two week high of C$133.38. The stock has a market cap of C$108.37 billion, a price-to-earnings ratio of 28.67, a price-to-earnings-growth ratio of 2.32 and a beta of 1.33.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its earnings results on Wednesday, October 28th. The company reported C$1.28 earnings per share for the quarter. Canadian Pacific Kansas City had a return on equity of 8.35% and a net margin of 25.04%. The company had revenue of C$4.22 billion for the quarter. As a group, equities research analysts expect that Canadian Pacific Kansas City will post 4.34 EPS for the current year.

Insiders Place Their Bets

In other Canadian Pacific Kansas City news, insider Pamela Lynne Arpin sold 1,385 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of C$132.92, for a total transaction of C$184,094.20. Following the transaction, the insider owned 4,578 shares in the company, valued at C$608,507.76. This trade represents a 23.23% decrease in their ownership of the stock. Also, insider Laird Joseph Pitz sold 24,630 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of C$135.08, for a total transaction of C$3,327,020.40. Insiders sold 78,015 shares of company stock valued at $10,505,115 over the last 90 days. 0.03% of the stock is currently owned by company insiders.

Key Canadian Pacific Kansas City News

Here are the key news stories impacting Canadian Pacific Kansas City this week:

• Positive Sentiment: Analysts raised their valuation outlook. CIBC lifted its price target to C$150, while Stifel Nicolaus reiterated a “buy” rating and set the same target. These targets imply meaningful upside from recent trading levels and indicate confidence in CP’s long-term growth prospects. CIBC price target article
• Positive Sentiment: CP renewed its rail service agreement with Elk Valley Resources. The coal deal should provide additional volume and revenue visibility, while supporting the company’s diversified cross-border freight strategy. Elk Valley Resources agreement
• Positive Sentiment: Third-quarter revenue increased on higher freight volumes. CP reported C$4.22 billion in quarterly revenue and earnings of C$1.28 per share, showing continued demand for its rail services. CP third-quarter sales article
• Neutral Sentiment: Operating profitability was mixed. CP’s reported net margin was 25.04% and return on equity was 8.35%, but earnings were broadly flat as higher costs offset revenue gains. CP earnings and fuel costs article
• Negative Sentiment: Higher fuel expenses pressured quarterly earnings. The cost inflation limited the benefit of stronger volumes and revenue, raising concerns about near-term margin expansion. CP Q3 earnings and fuel costs

Canadian Pacific Kansas City Company Profile

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.