Canadian Pacific Kansas City (TSE:CP) Price Target Lowered to C$124.00 at Royal Bank Of Canada

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price decreased by analysts at Royal Bank Of Canada from C$127.00 to C$124.00 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 target price indicates a potential upside of 21.38% from the stock’s current price.

Several other research analysts also recently commented on the company. JPMorgan Chase & Co. cut their target price on Canadian Pacific Kansas City from C$137.00 to C$124.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. TD Securities lowered their target price on shares of Canadian Pacific Kansas City from C$119.00 to C$116.00 in a research note on Friday, January 16th. Citigroup lowered their price objective on Canadian Pacific Kansas City from C$88.00 to C$86.00 and set a “buy” rating for the company in a research report on Thursday. ATB Capital lifted their target price on Canadian Pacific Kansas City from C$124.00 to C$125.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. Finally, Natl Bk Canada lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$118.62.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock traded up C$4.88 during trading hours on Thursday, hitting C$102.16. The company had a trading volume of 1,951,077 shares, compared to its average volume of 1,672,649. The firm has a 50-day moving average of C$100.85 and a 200 day moving average of C$102.90. The firm has a market cap of C$92.03 billion, a PE ratio of 22.21, a PEG ratio of 2.32 and a beta of 0.88. Canadian Pacific Kansas City has a one year low of C$94.60 and a one year high of C$118.80. The company has a debt-to-equity ratio of 49.64, a current ratio of 0.53 and a quick ratio of 0.42.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings results on Wednesday, January 28th. The company reported C$1.33 EPS for the quarter. Canadian Pacific Kansas City had a return on equity of 8.22% and a net margin of 24.50%.The company had revenue of C$3.92 billion for the quarter. On average, sell-side analysts expect that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current year.

Insider Activity

In other news, insider Cassandra P. Quach sold 4,135 shares of Canadian Pacific Kansas City stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of C$102.35, for a total transaction of C$423,217.25. Company insiders own 0.03% of the company’s stock.

About Canadian Pacific Kansas City

Canadian Pacific is a CAD 8 billion Class-1 railroads operating on more than 12,500 miles of track across most of Canada and into parts of the Midwestern and Northeastern United States. It is the second-smallest Class I railroad by revenue and route miles. In 2021, CP hauled shipments of grain (22% of freight revenue), intermodal containers (22%), energy products (like crude and frac sand), chemicals, and plastics (20%) coal (8%), fertilizer and potash (10%), automotive products (5%), and a diverse mix of other merchandise.